EOG Resources, Inc. (NYSE:EOG) Stock Has Consensus Target Price of $160.56

EOG Resources, Inc. (NYSE:EOG) has been given an average rating of “Hold” by the twenty-eight analysts that are currently covering the stock, MarketBeat.com reports. Seventeen equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $161.24.

EOG has been the topic of several recent research reports. Zacks Research upgraded EOG Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, October 16th. JPMorgan Chase & Co. decreased their price objective on EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Citigroup reaffirmed a “neutral” rating and set a $150.00 target price (up from $141.00) on shares of EOG Resources in a research report on Thursday, August 27th. Barclays set a $147.00 target price on EOG Resources and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Finally, Stifel Nicolaus assumed coverage on EOG Resources in a report on Thursday, September 10th. They issued a “hold” rating and a $158.00 target price on the stock.

EOG Resources Price Performance

EOG stock opened at $163.18 on Friday. The stock has a market capitalization of $85.59 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 0.58 and a beta of 0.36. The company’s 50-day moving average is $147.62 and its 200-day moving average is $140.81. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. EOG Resources has a 1 year low of $101.59 and a 1 year high of $165.11.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same period last year, the business posted $2.32 EPS. The firm’s revenue for the quarter was up 57.4% compared to the same quarter last year. Equities research analysts expect that EOG Resources will post 17.70 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.5%. EOG Resources’s dividend payout ratio is presently 31.75%.

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 7,336 shares of EOG Resources stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the completion of the transaction, the executive vice president directly owned 100,558 shares in the company, valued at $14,882,584. This trade represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 9,039 shares of EOG Resources stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the transaction, the chief operating officer owned 90,790 shares of the company’s stock, valued at $12,765,981.90. This represents a 9.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 52,317 shares of company stock worth $7,823,480. Insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sigma Planning Corp lifted its stake in EOG Resources by 331.4% in the 3rd quarter. Sigma Planning Corp now owns 7,644 shares of the energy exploration company’s stock worth $1,052,000 after purchasing an additional 5,872 shares in the last quarter. Paladin Wealth LLC boosted its holdings in EOG Resources by 53.2% in the 3rd quarter. Paladin Wealth LLC now owns 2,440 shares of the energy exploration company’s stock valued at $336,000 after purchasing an additional 847 shares during the period. Signaturefd LLC boosted its holdings in EOG Resources by 10.0% in the 3rd quarter. Signaturefd LLC now owns 8,397 shares of the energy exploration company’s stock valued at $1,157,000 after purchasing an additional 766 shares during the period. Citizens Financial Group Inc. RI grew its position in shares of EOG Resources by 26.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 20,624 shares of the energy exploration company’s stock valued at $2,841,000 after purchasing an additional 4,268 shares in the last quarter. Finally, Middleton & Co. Inc. MA grew its position in shares of EOG Resources by 0.8% during the 3rd quarter. Middleton & Co. Inc. MA now owns 9,698 shares of the energy exploration company’s stock valued at $1,336,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

More EOG Resources News

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

• Positive Sentiment: Susquehanna raised its price target for EOG Resources to $187, signaling expectations for additional upside. The firm’s bullish view provides a positive catalyst for the stock. EOG Resources stock: Susquehanna raises target to USD 187.00
• Positive Sentiment: A separate report from Susquehanna forecasts strong price appreciation for EOG, reinforcing the constructive analyst sentiment surrounding the oil and gas producer. Susquehanna Forecasts Strong Price Appreciation for EOG Resources
• Positive Sentiment: Higher oil prices are supporting broader upstream energy sentiment. Recent industry coverage points to stronger oil prices benefiting producers, although geopolitical disruptions could raise operating costs and pressure profitability. Can Baker Hughes Keep Its Winning Streak Alive in Q3 Earnings?
• Neutral Sentiment: EOG recently reported quarterly EPS and revenue above analyst expectations, with revenue up sharply year over year. Analysts currently expect approximately $17.48 in full-year EPS, providing fundamental support for the shares.
• Neutral Sentiment: EOG has reached a new high, prompting investors to assess whether further gains are justified by oil prices, earnings momentum, and valuation. EOG Resources Hits a New High: Is More Upside Ahead?
• Negative Sentiment: Zacks Research reduced its EOG EPS estimates for both the first and second quarters of 2028, to $2.48 from $2.80 and to $2.77 from $2.90, respectively. The cuts indicate some caution about future earnings, despite Zacks retaining a “Strong-Buy” rating.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.