EOG Resources benefits from natural gas price surge amid Winter Storm Fern
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 29 Jan 26
Source: Benzinga
EOG Resources Inc. has seen its stock rise by 3.31%, reaching a 20-day high, as natural gas prices surge due to Winter Storm Fern.
The increase in natural gas prices, which have jumped 70% in less than two weeks, has put EOG Resources in the spotlight, with analysts predicting significant upside potential for the company amid production disruptions. This surge in prices reflects strong market demand and renewed investor confidence in natural gas supply, particularly as production is projected to decrease significantly due to the storm's impact.
The implications for EOG Resources are positive, as the company stands to benefit from higher natural gas prices, positioning it well for potential revenue growth in the coming months.
Analyst Views on EOG
Wall Street analysts forecast EOG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EOG is 135.56 USD with a low forecast of 114.00 USD and a high forecast of 161.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
9 Buy
10 Hold
0 Sell
Moderate Buy
Current: 111.020
Low
114.00
Averages
135.56
High
161.00
Current: 111.020
Low
114.00
Averages
135.56
High
161.00
About EOG
EOG Resources, Inc. is a crude oil and natural gas exploration and production company. The Company explores, develops, produces, and markets crude oil, natural gas liquids (NGLs) and natural gas primarily in major producing basins in the United States, the Republic of Trinidad and Tobago (Trinidad) and, from time to time, selects other international areas. Its operations are located in the basins of the United States with a focus on crude oil and natural gas plays. It is focused on the Wolfcamp, Bone Spring, and Leonard plays. The South Texas area includes the Eagle Ford play and the Dorado gas play. It holds approximately 535,000 total net acres in the Eagle Ford play and approximately 160,000 net acres in the Dorado gas play. In Trinidad, the Company, through its subsidiaries, including EOG Resources Trinidad Limited, holds interests in the exploration and production licenses covering the South East Coast Consortium (SECC) and Pelican Blocks, Banyan and Sercan Areas, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
