EOG Price Prediction Next Week
Based on the provided data and technical analysis, here's the prediction for EOG Resources (EOG) for the next trading week:
Technical Analysis
- Current price: $126.33
- RSI(14) at 54.29 indicates neutral momentum
- MACD at 2.38 shows slightly bullish momentum
- Price is trading above 200-day SMA ($126.48), suggesting a long-term uptrend
- Fibonacci levels show key resistance at $137.49 and support at $131.28
News Sentiment Analysis
- Recent institutional activity shows mixed sentiment with 683 institutions adding shares while 638 reducing positions
- Insider trading shows 6 sales and 0 purchases in past 6 months, indicating cautious insider sentiment
- Recent $60,000 lobbying disclosure focused on energy development and emissions reduction technologies
Analyst Consensus
- Average price target: $145.91 with high of $167.00 and low of $134.00
- 11 analysts coverage: 1 Strong Buy, 3 Buy, 7 Hold
- Recent price target changes trend slightly lower, with Piper Sandler lowering to $140 from $149
Price Prediction for Next Week Based on technical and fundamental factors:
- Bullish scenario (40% probability): Price could test $131-132 range
- Bearish scenario (30% probability): Support around $124-125
- Base case (30% probability): Consolidation between $126-129
Trading Recommendation SELL with target price of $124. Rationale:
- Bearish insider trading activity
- Technical indicators showing neutral to slightly bearish momentum
- Oil price volatility could create downward pressure
- Place stop loss at $131.28 (Fibonacci S1 level)
Note: This analysis is based on current market conditions and should not be considered as financial advice. Markets can be unpredictable and past performance does not guarantee future results.
EOG Similar Chart Price Prediction
The price of EOG is predicted to go up -9.99%, based on the high correlation periods with TCBI. The similarity of these two price pattern on the periods is 98.38%.
EOG
TCBI
Down: -9.99%Similarity: 98.38%
EOG Revenue Forecast
EOG EPS Forecast
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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
John Freeman
Raymond James
Strong Buy
Price Target
$167 → $175
Upside
+30.62%
Raymond James analyst John Freeman raised the firm's price target on EOG Resources to $175 from $167 and keeps a Strong Buy rating on the shares. The fourth quarter was "forgettable" from a stock performance perspective, but has set the Exploration and Production group up nicely going into the New Year, the analyst tells investors in a research note. The firm expects largely in-line results from its coverage, and notes that efficiency gains continued at a pace that almost nobody anticipated, production growth is largely not the goal, and looks like a by-product of these efficiency gains, and says that it expects acquisitions to continue.
Neal Dingmann
Truist Securities
Hold
Price Target
$135 → $137
Upside
+1.87%
Noah Hungness
B of A Securities
Strong Buy → Hold
Price Target
$151 → $144
Upside
+7.07%