EOG Resources Inc experienced a price decline of 3.00%, hitting a 20-day low during regular trading hours. This drop aligns with broader market trends, as both the Nasdaq-100 and S&P 500 are down 0.30% and 0.44%, respectively.
The decline in EOG's stock price is attributed to sector rotation, as the company faces challenges despite its recent appointment of John D. Chandler to the Board of Directors. Chandler's extensive experience in financial leadership is expected to enhance EOG's strategic capabilities, but the immediate market conditions have overshadowed this positive development.
Investors may need to consider the implications of this leadership change in the context of current market dynamics. While Chandler's expertise could provide long-term benefits, the short-term price movement reflects the overall market weakness, suggesting a cautious approach for potential investors.
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
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.
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
Piper Sandler
Neutral
downgrade
$124 -> $123
2026-01-28
New
Reason
Piper Sandler
Price Target
$124 -> $123
AI Analysis
2026-01-28
New
downgrade
Neutral
Reason
Piper Sandler lowered the firm's price target on EOG Resources to $123 from $124 and keeps a Neutral rating on the shares. Discussing the space, the firm says that for Q4, it anticipates strong prints from the gas equities, while WAHA pricing and weak oil and NGL prices were a headwind for oil names. Heading into FY26, the expectations are broadly for maintenance programs across Piper's oil coverage, while a number of gas producers are pushing for growth in response to increased LNG demand.
Wells Fargo
Overweight
maintain
$126 -> $127
2026-01-27
New
Reason
Wells Fargo
Price Target
$126 -> $127
2026-01-27
New
maintain
Overweight
Reason
Wells Fargo raised the firm's price target on EOG Resources to $127 from $126 and keeps an Overweight rating on the shares. The oil macro remains pressured, with downside-skewed fundamentals as rising OPEC supply and strong non-OPEC growth point to a near-term surplus and continued price pressure, Wells notes. Amid a softer macro, the firm favors low-reinvestment, capital-disciplined frameworks, with 2026 plans broadly stable across the group.
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Susquehanna
Positive
maintain
$161 -> $151
2026-01-26
New
Reason
Susquehanna
Price Target
$161 -> $151
2026-01-26
New
maintain
Positive
Reason
Susquehanna lowered the firm's price target on EOG Resources to $151 from $161 and keeps a Positive rating on the shares. The firm updated targets in the exploration and production group as part of a Q4 preview. The oil market remains oversupplied following the unwinding of OPEC's voluntary production cuts, which will put downward pressure on pricing when paired with soft demand growth globally, the analyst tells investors in a research note. Susquehanna dropped its 2026 West Texas Intermediate price assumption to $60 per barrel from $65. It remains bullish on long-term demand story for natural gas as well as growing power demand from data centers and electrification.
Morgan Stanley
Equal Weight
downgrade
$138 -> $128
2026-01-23
Reason
Morgan Stanley
Price Target
$138 -> $128
2026-01-23
downgrade
Equal Weight
Reason
Morgan Stanley lowered the firm's price target on EOG Resources to $128 from $138 and keeps an Equal Weight rating on the shares. The firm marked its 2026-27 oil price deck for strip as of January 7 in conjunction with its Q4 preview for the E&Ps, oil majors and Canadian producers. The firm expects "fairly clean" Q4 operational updates but lighter cash flow from price realizations, the analyst tells investors in the preview.
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.
