EOG Resources (EOG) Stock Forecast & Price Target

$136.70 -1.35 (-0.98%)

As of 01/17/2025 03:59 PM Eastern

EOG Resources - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 22 Analyst Ratings

Sell
0

Hold
13

Buy
9

Based on 22 Wall Street analysts who have issued ratings for EOG Resources in the last 12 months, the stock has a consensus rating of "Hold." Out of the 22 analysts, 13 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for EOG.

Consensus Price Target

$143.48
4.96% Upside

According to the 22 analysts' twelve-month price targets for EOG Resources, the average price target is $143.48. The highest price target for EOG is $167.00, while the lowest price target for EOG is $125.00. The average price target represents a forecasted upside of 4.96% from the current price of $136.70.

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EOG Analyst Ratings Over Time

Type	Current Forecast 1/19/24 to 1/18/25	1 Month Ago 12/20/23 to 12/19/24	3 Months Ago 10/21/23 to 10/20/24	1 Year Ago 1/19/23 to 1/19/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)	12 Buy rating(s)
Hold	13 Hold rating(s)	13 Hold rating(s)	13 Hold rating(s)	9 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$143.48	$143.50	$141.20	$144.73
Forecasted Upside	4.96% Upside	21.38% Upside	11.51% Upside	31.36% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

EOG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

EOG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

EOG Resources Stock vs. The Competition

Type	EOG Resources	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.45	2.61	2.52
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	4.96% Upside	1,831.97% Upside	12.42% Upside
News Sentiment Rating	Positive News See Recent EOG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
1/13/2025	Truist Financial 2 of 5 stars	Neal Dingmann Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$135.00 ➝ $137.00	+3.31%
1/13/2025	Benchmark 2 of 5 stars	Subash Chandra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold ➝ Hold
1/13/2025	Bank of America 3 of 5 stars	Noah Hungness Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$151.00 ➝ $144.00	+9.47%
1/6/2025	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform	$150.00 ➝ $150.00	+17.49%
1/3/2025	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$143.00	+14.67%
12/17/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Lear Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$149.00 ➝ $140.00	+14.36%
12/17/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Read Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$147.00 ➝ $150.00	+20.37%
12/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$156.00 ➝ $148.00	+16.75%
11/26/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$127.00 ➝ $134.00	+1.59%
11/21/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$156.00 ➝ $167.00	+22.10%
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10/16/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$157.00 ➝ $150.00	+17.85%
10/10/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$150.00 ➝ $140.00	+6.30%
10/3/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$144.00 ➝ $137.00	+5.59%
9/30/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$150.00 ➝ $145.00	+18.38%
9/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$167.00 ➝ $154.00	+24.72%
9/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$134.00 ➝ $132.00	+9.35%
9/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$143.00 ➝ $135.00	+14.20%
9/4/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$159.00 ➝ $158.00	+26.98%
7/17/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$139.00 ➝ $125.00	-5.42%
4/30/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$130.00 ➝ $144.00	+6.96%
4/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$153.00 ➝ $150.00	+11.20%
2/23/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$135.00 ➝ $130.00	+15.64%
8/28/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$141.00 ➝ $147.00	+15.68%
8/24/2023	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
6/13/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$137.00 ➝ $130.00	+14.12%
2/24/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Mariani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
2/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$160.00 ➝ $155.00	+36.77%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 02:07 PM ET.

Should I Buy EOG Resources Stock? EOG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, January 12, 2025. Please send any questions or comments about these EOG Resources pros and cons to contact@marketbeat.com.

EOG Resources
Bull Case

Here are some ways that investors could benefit from investing in EOG Resources, Inc.:

The company has initiated a share repurchase program allowing for the repurchase of up to $5.00 billion in shares, indicating management's belief that the stock is undervalued.
EOG Resources, Inc. has a strong market capitalization of $69.26 billion, which reflects its significant presence and stability in the energy sector.
With a current stock price around $120.89, the stock is trading below its 52-week high of $139.67, suggesting potential for price appreciation.
The company maintains a low debt-to-equity ratio of 0.13, indicating a strong balance sheet and lower financial risk compared to peers.
Insider ownership is relatively low at 0.30%, which may suggest that the stock is accessible for new investors without heavy insider influence.

EOG Resources
Bear Case

Investors should be bearish about investing in EOG Resources, Inc. for these reasons:

The stock has experienced a recent decrease in insider ownership, with COO Jeffrey R. Leitzell selling 4,000 shares, which may raise concerns about insider confidence.
The company's PE ratio of 9.86, while seemingly attractive, may indicate that the stock is undervalued due to underlying issues in growth or profitability.
With a beta of 1.29, the stock is more volatile than the market, suggesting higher risk for investors who may be risk-averse.
Recent trading volume of 3,820,082 shares is above the average, which could indicate increased selling pressure or volatility.
The PEG ratio of 3.39 suggests that the stock may be overvalued relative to its expected growth rate, which could deter growth-focused investors.

EOG Forecast - Frequently Asked Questions

: According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for EOG Resources is $143.48, with a high forecast of $167.00 and a low forecast of $125.00.
: 22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EOG Resources in the last year. There are currently 13 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" EOG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EOG, but not buy additional shares or sell existing shares.
: According to analysts, EOG Resources's stock has a predicted upside of 4.96% based on their 12-month stock forecasts.
: Over the previous 90 days, EOG Resources's stock had 2 upgrades and 1 downgrade by analysts.
: EOG Resources has been rated by research analysts at Bank of America, Benchmark, Citigroup, Mizuho, Piper Sandler, Raymond James, Royal Bank of Canada, Truist Financial, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like EOG Resources less than other "oils/energy" companies. The consensus rating for EOG Resources is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how EOG compares to other companies.

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This page (NYSE:EOG) was last updated on 1/18/2025 by MarketBeat.com Staff

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EOG Resources (EOG) Stock Forecast & Price Target