EOG Resources (EOG) Stock Forecast & Price Target

$126.62

-0.42 (-0.33%)

(As of 10/18/2024 08:52 PM ET)

EOG Resources - Analysts' Recommendations and Stock Price Forecast (2024)

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

$141.20
11.51% Upside

According to the 22 analysts' twelve-month price targets for EOG Resources, the average price target is $141.20. The highest price target for EOG is $158.00, while the lowest price target for EOG is $115.00. The average price target represents a forecasted upside of 11.51% from the current price of $126.62.

EOG Analyst Ratings Over Time

Type	Current Forecast 10/22/23 to 10/21/24	1 Month Ago 9/22/23 to 9/21/24	3 Months Ago 7/24/23 to 7/23/24	1 Year Ago 10/22/22 to 10/22/23
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)	8 Buy rating(s)	15 Buy rating(s)
Hold	13 Hold rating(s)	13 Hold rating(s)	14 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$141.20	$142.89	$143.20	$149.54
Forecasted Upside	11.51% Upside	13.38% Upside	14.65% Upside	12.24% 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	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	11.51% Upside	37.86% Upside	6.19% 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
10/16/2024	KeyCorp 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$157.00 ➝ $150.00	+17.85%
10/14/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Sector Perform ➝ Sector Perform	$145.00 ➝ $145.00	+10.38%
10/10/2024	Scotiabank 5 of 5 stars		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%
10/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$140.00 ➝ $135.00	+6.46%
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%
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9/30/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Dingmann Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$130.00 ➝ $115.00	-6.21%
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%
8/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$154.00 ➝ $147.00	+16.17%
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%
5/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$124.00 ➝ $130.00	+4.84%
5/13/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$140.00 ➝ $156.00	+20.43%
5/7/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
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%
1/24/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy ➝ Strong-Buy	$148.00 ➝ $145.00	+29.46%
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%
12/5/2022	Johnson Rice Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$177.00 ➝ $163.00	+18.16%
11/11/2022	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$145.00 ➝ $160.00	+9.39%
11/7/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$162.00 ➝ $172.00	+18.34%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 01:13 AM ET.

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 $141.20, with a high forecast of $158.00 and a low forecast of $115.00.
: 22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EOG Resources in the last twelve months. 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 11.51% based on their 12-month stock forecasts.
: EOG Resources has been rated by research analysts at Barclays, Evercore ISI, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Piper Sandler, Royal Bank of Canada, Scotiabank, Susquehanna, Truist Financial, UBS Group, 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 10/21/2024 by MarketBeat.com Staff

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EOG Resources (EOG) Stock Forecast & Price Target