EOG Resources (EOG) Stock Forecast & Price Target

$119.63 -3.52 (-2.86%)

(As of 12/18/2024 05:45 PM ET)

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

$143.50
19.95% Upside

According to the 22 analysts' twelve-month price targets for EOG Resources, the average price target is $143.50. 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 19.95% from the current price of $119.63.

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EOG Analyst Ratings Over Time

Type	Current Forecast 12/20/23 to 12/19/24	1 Month Ago 11/20/23 to 11/19/24	3 Months Ago 9/21/23 to 9/20/24	1 Year Ago 12/20/22 to 12/20/23
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)	7 Buy rating(s)	7 Buy rating(s)	11 Buy rating(s)
Hold	13 Hold rating(s)	14 Hold rating(s)	13 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$143.50	$142.30	$142.89	$145.14
Forecasted Upside	19.95% Upside	5.26% Upside	13.40% Upside	19.53% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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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	2.63	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	19.95% Upside	1,900.75% Upside	15.36% 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
12/17/2024	Piper Sandler 2 of 5 stars	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 3 of 5 stars	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 2 of 5 stars		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%
11/12/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Dingmann Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$115.00 ➝ $135.00	+1.30%
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11/12/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
10/16/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$157.00 ➝ $150.00	+17.85%
10/14/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform	$145.00 ➝ $145.00	+10.38%
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%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
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%
6/14/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$151.00	+28.36%
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 Thursday at 05:23 AM 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 Friday, December 13, 2024. 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.:

EOG Resources, Inc. has recently increased its quarterly dividend to $0.975 per share, reflecting a commitment to returning value to shareholders. This translates to an annualized dividend of $3.90, providing a dividend yield of 3.05%, which is attractive for income-focused investors.
The company has authorized a stock buyback plan worth $5.00 billion, allowing it to repurchase up to 7% of its shares. This often indicates that the company's leadership believes its shares are undervalued, potentially leading to an increase in share price.
As of the latest trading session, EOG Resources, Inc. shares are priced at $126.62. This price is within a range that has seen a fifty-two week low of $108.94 and a high of $139.67, suggesting potential for growth as it approaches its high.
Institutional investors own 89.91% of EOG Resources, Inc., indicating strong confidence from large financial entities in the company's future performance.
The company maintains a low debt-to-equity ratio of 0.13, suggesting a strong balance sheet and lower financial risk, which can be appealing to risk-averse investors.

EOG Resources
Bear Case

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

Despite the positive developments, EOG Resources, Inc. has a relatively high P/E ratio of 10.19, which may indicate that the stock is overvalued compared to its earnings, potentially leading to a price correction.
The stock has experienced a recent decline of 1.0%, which could signal bearish sentiment among investors and may lead to further downward pressure on the stock price.
Analyst ratings show a consensus of "Hold," with fifteen analysts recommending to hold the stock rather than buy, suggesting that there may not be strong upward momentum expected in the near term.
Recent insider selling, such as the sale of 568 shares by Director Janet F. Clark, could raise concerns about the confidence of company insiders in the stock's future performance.
The company’s P/E/G ratio of 3.40 indicates that the stock may be expensive relative to its growth rate, which could deter growth-oriented investors looking for better value opportunities.

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 $143.50, with a high forecast of $167.00 and a low forecast of $125.00.
: 22 Wall Street equities 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 equities 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 19.95% based on their 12-month stock forecasts.
: Over the previous 90 days, EOG Resources's stock had 1 upgrade and 1 downgrade by analysts.
: EOG Resources has been rated by research analysts at Barclays, Benchmark, Citigroup, Evercore ISI, KeyCorp, Mizuho, Piper Sandler, Raymond James, Royal Bank of Canada, Scotiabank, Truist Financial, and Wells Fargo & Company 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 12/19/2024 by MarketBeat.com Staff

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EOG Resources (EOG) Stock Forecast & Price Target