Piper Sandler Forecasts Strong Price Appreciation for EOG Resources (NYSE:EOG) Stock

EOG Resources (NYSE:EOG) had its price objective upped by Piper Sandler from $127.00 to $144.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the energy exploration company’s stock. Piper Sandler’s price objective would suggest a potential upside of 7.66% from the company’s previous close.

A number of other equities analysts have also commented on the company. Johnson Rice lowered their price objective on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. Scotiabank set a $123.00 price target on EOG Resources and gave the stock a “sector perform” rating in a research report on Friday, January 16th. The Goldman Sachs Group dropped their price target on EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. Zacks Research raised shares of EOG Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, KeyCorp downgraded shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $136.42.

EOG Resources Stock Performance

NYSE EOG opened at $133.75 on Thursday. The firm has a 50-day moving average price of $116.41 and a two-hundred day moving average price of $112.59. EOG Resources has a 12-month low of $101.59 and a 12-month high of $136.14. The company has a market capitalization of $71.76 billion, a P/E ratio of 14.68 and a beta of 0.44. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.36 billion. During the same period last year, the firm earned $2.74 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. Analysts anticipate that EOG Resources will post 11.47 earnings per share for the current year.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the sale, the chief operating officer directly owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. This represents a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 7,774 shares of company stock valued at $945,895. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On EOG Resources

Hedge funds have recently bought and sold shares of the company. Acumen Wealth Advisors LLC acquired a new stake in EOG Resources during the 4th quarter worth about $25,000. Prosperity Bancshares Inc acquired a new position in shares of EOG Resources in the 4th quarter valued at about $26,000. Nemes Rush Group LLC acquired a new stake in EOG Resources during the fourth quarter worth approximately $30,000. Gen Wealth Partners Inc acquired a new stake in EOG Resources during the fourth quarter worth approximately $30,000. Finally, JCIC Asset Management Inc. bought a new stake in EOG Resources in the third quarter worth approximately $32,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources News Summary

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

• Positive Sentiment: Macro: Rising oil prices amid renewed Middle East tensions are lifting sentiment across integrated and exploration names, creating a favorable commodity backdrop for EOG’s revenue and cash‑flow outlook. Oil Price Back to the Glory Days: Will XOM, EOG & COP Gain?
• Positive Sentiment: Company fundamentals: EOG reported better‑than‑expected Q4 results with production of ~1.40 mboe/d and benefit from higher natural gas prices — a direct driver of near‑term cash flow and the recent analyst bullishness. EOG Surpasses Profit Projections with Solid Output and Rising Gas Prices
• Positive Sentiment: Analyst action: Piper Sandler raised its price target on EOG to $144 (still a “neutral” rating), implying roughly mid‑single‑digit to low‑double‑digit upside versus recent levels and signaling confidence in the medium‑term outlook. Piper Sandler raises price target
• Neutral Sentiment: Mixed analyst revisions: Zacks has both raised several later‑cycle estimates (FY2028 / Q3 2027) and revised some quarterly forecasts upward — a signal that longer‑term earnings power remains intact but timing of recovery is uncertain. Investors should treat these as model updates rather than a change in the company’s competitive position. MarketBeat EOG overview
• Negative Sentiment: Near‑term downward revisions: Zacks recently cut several near‑term EPS forecasts and trimmed FY2026 estimates materially (e.g., to ~$7.56 from prior levels), and maintains a “Hold” stance — this raises the risk of earnings disappointment or lower near‑term guidance that could cap multiple expansion. Q3 EPS Estimates Lowered by Zacks Research

About EOG Resources

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.