Zacks Research Forecasts Stronger Earnings for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Stock analysts at Zacks Research lifted their Q1 2026 earnings per share (EPS) estimates for shares of EOG Resources in a report issued on Wednesday, February 11th. Zacks Research analyst Team now forecasts that the energy exploration company will earn $2.69 per share for the quarter, up from their prior forecast of $2.45. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share. Zacks Research also issued estimates for EOG Resources’ Q2 2026 earnings at $2.10 EPS, Q4 2026 earnings at $1.83 EPS, Q3 2027 earnings at $2.38 EPS, Q4 2027 earnings at $2.16 EPS and FY2027 earnings at $9.31 EPS.

Other equities research analysts also recently issued reports about the stock. UBS Group reiterated a “buy” rating and set a $141.00 target price (down from $144.00) on shares of EOG Resources in a research report on Friday, December 12th. Barclays cut their price target on shares of EOG Resources from $136.00 to $133.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. Royal Bank Of Canada set a $138.00 price objective on EOG Resources and gave the company an “outperform” rating in a report on Tuesday, January 13th. Morgan Stanley set a $128.00 target price on EOG Resources and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Finally, Wolfe Research upped their price target on EOG Resources from $134.00 to $137.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $134.15.

EOG Resources Stock Performance

NYSE:EOG opened at $117.67 on Friday. The stock’s 50-day moving average is $107.88 and its 200-day moving average is $111.50. EOG Resources has a 1-year low of $101.59 and a 1-year high of $135.87. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a market cap of $63.85 billion, a P/E ratio of 11.72 and a beta of 0.49.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief operating officer owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. This represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sivia Capital Partners LLC bought a new stake in EOG Resources in the second quarter worth approximately $258,000. Concurrent Investment Advisors LLC grew its position in shares of EOG Resources by 1.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 11,691 shares of the energy exploration company’s stock worth $1,398,000 after buying an additional 194 shares during the period. CWM LLC increased its stake in shares of EOG Resources by 19.4% in the 2nd quarter. CWM LLC now owns 23,959 shares of the energy exploration company’s stock valued at $2,866,000 after acquiring an additional 3,888 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of EOG Resources by 35.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,331 shares of the energy exploration company’s stock valued at $1,714,000 after acquiring an additional 3,736 shares during the period. Finally, Axxcess Wealth Management LLC boosted its stake in EOG Resources by 4.4% during the second quarter. Axxcess Wealth Management LLC now owns 20,082 shares of the energy exploration company’s stock worth $2,402,000 after acquiring an additional 840 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about EOG Resources

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: Stephens raised its price target on EOG to $139 (from $138) and kept an “equal weight” rating — a modest positive signal on return potential. Benzinga
• Positive Sentiment: Zacks Research raised near-term quarter estimates for EOG: Q1 2026 EPS was lifted to $2.69 (from $2.45) and Q2 2026 EPS to $2.10 (from $2.06) — a signal of slightly stronger near-term operational outlook in Zacks’ model.
• Negative Sentiment: Zacks Research cut multiple medium‑ and longer‑term estimates and lowered FY2027 EPS to $9.31 (from $10.41). The firm also trimmed several quarterly forecasts (Q4 2026 to $1.83, Q3 2026 to $2.11, Q1/Q2/Q3 2027 reductions among others) and maintains a “Strong Sell” rating — a broad negative that likely outweighs the small positives. MarketBeat: EOG coverage

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.