EOG Price Prediction Next Week
Based on the provided news and data, here's a comprehensive analysis for EOG Resources' stock price prediction for the next trading week:
Technical Analysis
The stock has shown weakness recently, dropping more than 4% after reporting Q4 revenue of $5.59 billion, which fell below consensus expectations of $5.66 billion. The stock is currently trading below its 200-day moving average of $126.54, indicating a bearish technical setup.
Fundamental Analysis
EOG has underperformed the broader market over the past year, gaining only 16.4% compared to S&P 500's 21.8% rally. The company's earnings are expected to decline by 2% year-over-year to $11.46 per share for fiscal 2024, suggesting potential pressure on the stock price.
Analyst Sentiment
Among 29 analysts covering the stock, the consensus rating is "Moderate Buy" with:
- 14 Strong Buy ratings
- 15 Hold ratings The mean price target is $147.75, with a street-high target of $175.
Price Prediction for Next Week
Based on technical indicators, fundamental factors, and recent earnings miss:
Target Prices:
- Support level: $115-117
- Resistance level: $122-124
- Most likely range: $118-120
Recommendation: SELL
Rationale:
- Recent earnings miss and revenue decline
- Trading below 200-day moving average
- Broader market uncertainty due to Trump's tariff threats
- Technical indicators suggesting continued downward pressure
The stock is likely to face further selling pressure in the coming week due to disappointing Q4 results and broader market concerns about potential new tariffs affecting energy sector sentiment.
EOG Similar Chart Price Prediction
The price of EOG is predicted to go up -3.28%, based on the high correlation periods with OXY. The similarity of these two price pattern on the periods is 94.95%.
EOG
OXY
Down: -3.28%Similarity: 94.95%
EOG Revenue Forecast
EOG EPS Forecast
EOG FAQs
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EOG VS S&P500
EOG remains among the most technically proficient operators in the business. Initial production rates from its shale wells consistently exceed industry averages.
EOG avoids expensive M&A and uses proven exploration techniques to identify new prospects before the rest of the industry.
EOG's multibasin portfolio enables it to shift capital as market conditions dictate, prioritizing oil or gas volumes as appropriate and sidestepping areas where well costs have overheated.
EOG Analyst's Forecast
Mark Lear
Piper Sandler
Hold
2025-03-06
Price Target
$141 → $135
Upside
+10.48%
Piper Sandler lowered the firm's price target on EOG Resources to $135 from $141 and keeps a Neutral rating on the shares. While doing more with less had been the big theme of FY24, investors seemed to prefer FY25 outlooks that looked more like doing the same with less, which has the group walking the fine line of doing less with less and doing more with less, the firm says. Gas sentiment remains strong on the back of strong weather-driven demand paired with growing LNG capacity that has driven storage 23% and 11% below last year and five-year average levels despite supply remaining near record levels, Piper adds.
Devin McDermott
Morgan Stanley
Hold
2025-03-03
Price Target
$143 → $142
Upside
+17.8%
John Freeman
Raymond James
Strong Buy
2025-01-23
Price Target
$167 → $175
Upside
+30.62%
