Decline in Cash Tax Payments: Large U.S. companies are predicting significant reductions in their cash tax payments due to the recent tax law changes.
Impact of New Tax Law: The new legislation, signed by President Trump on July 4, accelerates or expands deductions related to corporate research, interest payments, and equipment purchases.
Financial Implications
Boost in Cash Flow: Companies report that these retroactive changes are enhancing their cash flow, as indicated in their securities filings and analyst calls.
Increased Investment Opportunities: The improved cash flow is expected to provide companies with more capital for investments and stock buybacks, as well as a financial buffer against potential higher tariffs.
EOG
$101.78+Infinity%1D
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 138.95 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.
21 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 138.95 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.
10 Buy
11 Hold
0 Sell
Moderate Buy
Current: 105.930
Low
114.00
Averages
138.95
High
161.00
Current: 105.930
Low
114.00
Averages
138.95
High
161.00
Roth Capital
Neutral
maintain
$114
2025-12-15
New
Reason
Roth Capital
Price Target
$114
2025-12-15
New
maintain
Neutral
Reason
Roth Capital reiterated a Neutral rating and $114 price target on shares of EOG Resources following the company's call with sell-side analysts. The company is backing its preliminary FY26 organic oil volumes view of flat to slightly up even though it believes oil macro may be soft over the next few quarters, Roth Capital told investors in a research note. The firm added that EOG Resources is "optimistic" about the natural gas market in 2026 in terms of delivering higher prices.
UBS
Josh Silverstein
Buy
downgrade
$144 -> $141
2025-12-12
New
Reason
UBS
Josh Silverstein
Price Target
$144 -> $141
2025-12-12
New
downgrade
Buy
Reason
UBS analyst Josh Silverstein lowered the firm's price target on EOG Resources to $141 from $144 and keeps a Buy rating on the shares. After three years of limited gains, the Energy sector appears positioned for a stronger 2026, supported by improving oil and natural gas outlooks, M&A-driven value creation, cost and capex efficiencies, emerging OFS opportunities, and attractive valuations, the analyst tells investors in a research note. Natural gas E&Ps are favored, though positive momentum is expected broadly across Oil E&Ps and OFS, UBS adds.
Mizuho
Neutral
maintain
$133 -> $134
2025-12-12
New
Reason
Mizuho
Price Target
$133 -> $134
2025-12-12
New
maintain
Neutral
Reason
Mizuho raised the firm's price target on EOG Resources to $134 from $133 and keeps a Neutral rating on the shares. The firm adjusted ratings and targets in the exploration and production group as part of its 2026 outlook. While sentiment for U.S. oil and gas names is negative on oil market oversupply and high gas storage, there is "underappreciated value" in the group, particularly in exploration and production on longer-term fundamentals that could start becoming realized in 2026, the analyst tells investors in a research note. Mizuho suggests a reallocation of risk toward oil E&Ps with a selective bias in gas stocks. It turned more neutral on refining.
JPMorgan
Neutral
downgrade
$131 -> $121
2025-12-08
Reason
JPMorgan
Price Target
$131 -> $121
2025-12-08
downgrade
Neutral
Reason
JPMorgan lowered the firm's price target on EOG Resources to $121 from $131 and keeps a Neutral rating on the shares. The firm adjusted ratings and targets in the exploration and production space as part of its 2026 outlook. JPMorgan sees supply side risks for oil and liquids, but says the "long-awaited demand inflection for natural gas has finally arrived." The magnitude of the crude oil oversupply, plus a potential end to the Russia-Ukraine conflict in 2026, is a "double whammy" for lower oil prices, the analyst tells investors in a research note.
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.
