Equities
Bernstein Adjusts Price Target on EOG Resources to $156 From $155, Maintains Market Perform Rating
EOG Resources (EOG) has an average rating of overweight and mean price target of $160.21, according to analysts polled by FactSet.
$EOG
$EOG
72 stories mentioning EOGUpdated 2d ago
Every FINWIRES story that references EOG, newest first.
What are analysts saying about EOG?
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
- Raymond JamesTarget revisedStrong BuyPrice target$186from $183
- StephensTarget revisedEqualweightPrice target$175from $168
- Seaport GlobalInitiatedNeutral
- BernsteinTarget revisedMarket PerformPrice target$155from $156
- Capital OneDowngradedEqual WeightPrice target$153
- Goldman SachsTarget revisedPrice target$151from $127
What's the latest news on EOG?
Equities
JPMorgan Adjusts Price Target on EOG Resources to $151 From $142
EOG Resources (EOG) has an average rating of overweight and mean price target of $159.50, according to analysts polled by FactSet.Price: $134.23, Change: $-9.29, Percent Change: -6.47%
$EOG
Commodities
EOG Resources Reports Strong Q2 Cash Generation, Investors Eye UAE Results, TPH Says
EOG Resources (EOG) slightly topped Q2 financial estimates, while initial results from its UAE wells are likely to dominate investor attention, TPH Energy Research said in a Wednesday note.EOG produced 1.410 million barrels of oil equivalent per day, exceeding TPH's 1.407 million boe/d and the Street's 1.396 million boe/d, according to the note.Oil production totaled 548,800 b/d, below TPH's 551,100 b/d and the Street's 549,200 b/d, while capital spending reached $1.587 billion, below both estimates, TPH said.Cash flow from operations before working capital reached $4.39 billion, topping TPH's $4.32 billion and the Street's $4.24 billion, driven mainly by lower cash taxes, according to the note.Adjusted free cash flow totaled $2.8 billion, ahead of TPH's $2.68 billion and the Street's $2.6 billion, while clean earnings came in at $5.07 per share versus TPH's $5.08 and the Street's $4.97 estimate, TPH said.TPH expects investors to focus on the first two one-mile wells in the UAE after both posted 30-day initial production cumulative rates exceeding 25,000 barrels of oil.TPH said infrastructure requirements, commerciality thresholds and fiscal terms will likely remain key investor focus areas.EOG repurchased about $1.3 billion of shares during the quarter at an average price of $135 per share, well above TPH's $600 million forecast, according to the note.The company also added about 60,000 net acres in the Austin Chalk, primarily in Lavaca, through smaller acquisitions at roughly $1,200 per acre, TPH said.TPH also expects investors to seek updates on Permian Basin activity. The firm believes a heavier concentration in Lea County, at about 85% compared with the historical 70%, supported stronger productivity early this year.For Q3, EOG expects production of 1.390 million boe/d to 1.435 million boe/d, including 546,000 b/d to 551,000 b/d of oil, with capital spending of $1.6 billion to $1.7 billion, the note said.TPH forecasts Q3 production of 1.420 million boe/d, 553,400 b/d of oil and $1.642 billion of capital spending.The Street expects Q3 production of 1.404 million boe/d, 550,300 b/d of oil and $1.634 billion of capital spending, according to TPH.
$EOG
Wire
Roth Capital Partners Adjusts Price Target on EOG Resources to $138 From $132, Maintains Neutral Rating
EOG Resources (EOG) has an average rating of overweight and mean price target of $159.11, according to analysts polled by FactSet.Price: $135.91, Change: $-7.61, Percent Change: -5.30%
$EOG
Wire
Stephens Adjusts Price Target on EOG Resources to $168 From $167
EOG Resources (EOG) has an average rating of overweight and mean price target of $159.11, according to analysts polled by FactSet.Price: $136.90, Change: $-6.62, Percent Change: -4.61%
$EOG
Commodities
EOG Resources Reports Higher Q2 Production, Sees 5% Oil Output Growth in 2026
EOG Resources (EOG) reported Q2 earnings Tuesday, showing total crude oil equivalent volumes of 1.410 million barrels of oil equivalent per day, up from 1.134 million boe/d a year earlier.US crude oil equivalent volumes increased to 1.357 million boe/d for the quarter ended June 30, up from 1.091 million boe/d a year earlier.Trinidad's crude oil equivalent volumes rose to 50,900 boe/d from 43,200 boe/d, while other international output increased to 2,400 boe/d from no production a year earlier.Crude oil and condensate production increased to 548,800 barrels per day for the quarter, up from 504,200 b/d in the year-ago quarter.US output rose to 546,200 b/d for the quarter, up from 503,100 b/d, while Trinidad production increased to 2,100 b/d from 1,100 b/d.Natural gas liquids production climbed to 346,800 b/d, up from 258,400 b/d for the same quarter last year.Natural gas production also increased to 3.089 billion cubic feet per day for Q2 2026, up from 2.229 Bcf/d for the year-ago quarter.US natural gas production increased to 2.784 Bcf/d for Q2, up from 1.977 Bcf/d a year earlier.Trinidad natural gas production rose to 293 MMcf/d from 252 MMcf/d, while other international output totaled 12 MMcf/d, up from no production a year earlier.The company produced 128.3 million barrels of oil equivalent during the quarter, compared with 103.2 million barrels a year earlier.EOG expects full-year 2026 oil production to increase 5% and total production to rise 14% from 2025.For full-year 2026, EOG raised its total production outlook to 1.378 million boe/d to 1.423 million boe/d, with a midpoint of 1.401 million boe/d. Crude oil and condensate production is expected at 546,300 b/d to 551,100 b/d.The company also forecast full year natural gas liquids production of 332,000 b/d to 352,000 b/d, with a midpoint of 342,000 b/d. Natural gas production is expected at 3 Bcf/d to 3.120 Bcf/d.
$EOG
Equities
EOG Resources Q2 Adjusted Earnings, Revenue Rise
EOG Resources (EOG) reported Q2 adjusted net income late Tuesday of $5.07 per diluted share, up from $2.32 a year earlier.Analysts polled by FactSet expected $4.97.Revenue in the three months ended June 30 rose to $8.62 billion from $5.48 billion a year earlier.Analysts expected $8.04 billion.The company kept its quarterly dividend at $1.02 a share, payable Oct. 30 to stockholders of record Oct. 16.
$EOG
Commodities
US Land Rig Count Holds at 572 While Oilfield Services Stocks Decline, RBC Says
US active land drilling rigs held steady at 572 last week as the Permian added rigs, while oilfield services stocks declined and basin activity remained mixed, RBC Capital Markets said in a Monday note.The Baker Hughes (BKR) US land rig count remained unchanged at 572. Oil rigs held at 436 and gas rigs stayed at 127, while oil rigs increased by four over the month and gas rigs rose by one.The Permian added two rigs to 260, accounting for 59% of Lower 48 oil rigs and 45% of total US land rigs, according to RBC.Among drillers, Helmerich & Payne (HP) operated 90 Permian rigs, or 32% of the total, followed by Patterson-UTI (PTEN) with 32 rigs, or 11%, and Nabors Industries (NBR) with 29 rigs, or 10%, RBC said.Among operators, ExxonMobil (XOM) led the Permian with 35 rigs, followed by Devon Energy (DVN) and Occidental Petroleum (OXY) with 21 rigs each. Private operators accounted for 45% of active Permian rigs, up from 42% a year earlier.The Eagle Ford also added two rigs to 49. Among drillers, Helmerich & Payne operated 17 rigs, Nabors Industries had 12 and Patterson-UTI had seven, RBC said.Among operators, ConocoPhillips (COP) led the Eagle Ford with seven rigs, followed by EOG Resources (EOG) with six and Crescent Energy (CRGY) with four. Private operators accounted for 54% of active Eagle Ford rigs, up from 36% a year earlier, RBC said.The Williston rig count remained unchanged at 27. Among drillers, Nabors Industries operated 16 rigs, Patterson-UTI had seven and Helmerich & Payne had five, according to RBC.Among operators, Chord Energy (CHRD) led the Williston with five rigs, while Chevron (CVX) and ConocoPhillips each operated three. Public operators accounted for 37% of active rigs, compared with 38% a year earlier, RBC said.Oilfield services stocks under RBC coverage declined 3.3% over the week, while West Texas Intermediate crude fell 3.8%. Liberty Energy (LBRT) gained 7.8%, Baker Hughes rose 5.7% and Nabors Industries advanced 2.8%.The weakest performers were Atlas Energy Solutions (AESI), down 9.8%, Trican Well Service, down 11%, and Ensign Energy Services, down 11.6%.RBC added that its oilfield services coverage group has gained 30.1% year to date, compared with a 10.1% gain for the S&P 500 Index.Price: $60.46, Change: $-0.03, Percent Change: -0.05%
$AESI$BKR$CHRD$COP$CRGY$CVX$DVN$EOG$HP$LBRT$NBR$OXY$PTEN$XOM
Equities
Raymond James Adjusts Price Target on EOG Resources to $183 From $176, Maintains Strong Buy Rating
EOG Resources (EOG) has an average rating of overweight and mean price target of $159.04, according to analysts polled by FactSet.
$EOG
Equities
Goldman Sachs Adjusts Price Target on EOG Resources to $127 From $129, Maintains Neutral Rating
EOG Resources (EOG) has an average rating of overweight and mean price target of $158.79, according to analysts polled by FactSet.
$EOG
Commodities
US Land Drilling Activity Holds Firm Despite Minor Oil, Gas Rig Changes, RBC Says
US land drillers kept the active rig count unchanged at 572 over the week, with only minor shifts between oil and gas rigs, RBC Capital Markets said in a Sunday note.RBC said the Baker Hughes (BKR) US land rig count remained at 572. The US oil rig count fell by one to 436, while the gas rig count increased by one to 127, the note said.Oil rigs increased by eight over the month, while gas rigs added two. The Permian Basin lost one rig to 258, representing 59% of Lower 48 oil rigs and 45% of total US land rigs.RBC said Helmerich & Payne (HP) remained the largest Permian driller with 90 rigs, representing 33% of basin activity. Patterson-UTI Energy (PTEN) operated 33 rigs, accounting for 12%, while Nabors Industries (NBR) ran 29 rigs, or 11%.The note said Exxon Mobil (XOM) led Permian operators with 33 rigs, followed by Devon Energy (DVN) with 22 and Occidental Petroleum (OXY) with 20. Private operators accounted for 44% of active rigs, up from 43% a year earlier.RBC said Eagle Ford activity remained unchanged at 47 rigs. Among drilling contractors, Helmerich & Payne led with 17 rigs, representing 33% of the total, followed by Nabors Industries with 12 rigs, or 24%, and Patterson-UTI Energy with seven rigs, or 14%.The note said ConocoPhillips (COP) led operators in the Eagle Ford with seven rigs, followed by EOG Resources (EOG) with six and Crescent Energy (CRGY) with four. Private operators increased their share to 53% from 38% a year earlier.Haynesville added one rig over the week to 56. Among drilling contractors, Helmerich & Payne led with 11 rigs, representing 18% of the total, followed by Independence Contract Drilling with nine rigs, or 15%, and Nabors Industries with eight rigs, or 13%.Apex remained the largest operator in the Haynesville with 14 rigs, while Adamas operated seven and Expand Energy (EXE) ran five. Private operators accounted for 74% of active rigs, compared with 70% a year earlier.RBC said its oilfield services coverage group advanced 1.1% over the week, while West Texas Intermediate crude climbed 7.8% during the same period.The note said Element Technical Services posted the strongest weekly gain at 15.8%, followed by SLB (SLB) at 11.6% and NOV (NOV) at 6.4%.RBC said Halliburton (HAL) declined 5.3%, Atlas Energy Solutions (AESI) dropped 15.0%, and Liberty Energy (LBRT) fell 27.2%. Its oilfield services coverage group has gained 34.1% over the year, compared with an 8.9% increase in the S&P 500 Index.
$AESI$BKR$COP$CRGY$DVN$EOG$EXE$HAL$HP$LBRT$NBR$NOV$OXY$PTEN$SLB$XOM
Equities
Susquehanna Adjusts Price Target on EOG Resources to $170 From $166, Maintains Positive Rating
EOG Resources (EOG) has an average rating of overweight and mean price target of $158.96, according to analysts polled by FactSet.
$EOG
Commodities
Permian Drives US Land Rig Count Higher, Oilfield Services Stocks Outperform S&P 500 YTD, RBC Says
The US active land rig count rose by seven over the week to 572 as oil drilling activity strengthened, led by Permian Basin gains, RBC Capital Markets said in a Friday note.Baker Hughes (BKR) reported that US oil land rigs increased by seven to 437 during the latest week, while the gas land rig count remained at 126. Oil rigs increased by 15 over the month, while gas rigs added four, RBC said.The Permian Basin added three rigs over the week to 259, accounting for 59% of Lower 48 oil rigs and 45% of total US land rigs, according to RBC.Helmerich & Payne (HP) remained the most active driller in the Permian with 90 rigs, accounting for 33% of the total, followed by Patterson-UTI Energy (PTEN) with 34 rigs and Nabors Industries (NBR) with 27, RBC said.Among operators, Exxon Mobil (XOM) led the Permian with 33 rigs, followed by Devon Energy (DVN) with 22 and Occidental Petroleum (OXY) with 20. Private operators accounted for 44% of active Permian rigs, up from 43% a year earlier, the note said.The Eagle Ford rig count held at 47. Helmerich & Payne remained the most active driller with 17 rigs, accounting for 33% of the total, followed by Nabors Industries with 12 rigs, or 24%, and Patterson-UTI Energy with seven rigs, or 14%, the note added.Among operators, ConocoPhillips (COP) led Eagle Ford with seven rigs, followed by EOG Resources (EOG) with six and Crescent Energy (CRGY) with four. Private operators increased their share of active rigs to 53% from 38% a year earlier.The Williston Basin also held steady at 27 rigs. Nabors Industries remained the leading driller with 16 rigs, followed by Patterson-UTI Energy with seven and Helmerich & Payne with five, according to RBC.Among operators, Chord Energy (CHRD) led Williston with five rigs, while Chevron (CVX) and ConocoPhillips (COP) each operated three. Public operators accounted for 40% of active rigs, up from 34% a year earlier, RBC said.Oilfield services stocks under RBC coverage gained 1.1% over the week as West Texas Intermediate crude climbed 11.5%.The top performers over the week included Patterson-UTI Energy, which gained 6.7%, followed by Nov (NOV), up 3.3%, and Precision Drilling (PDS), which advanced 3.1%, RBC said.The weakest performers included Baker Hughes (BKR), which fell 2.8%, Liberty Energy (LBRT), down 2.7%, and Enerflex (EFXT), which lost 2.6%. RBC said its oilfield services coverage has gained 32.8% year to date, compared with a 10.8% increase in the S&P 500 Index.
$BKR$CHRD$COP$CRGY$CVX$DVN$EFXT$EOG$HP$LBRT$NBR$NOV$OXY$PDS$PTEN$XOM
Commodities
Oil Stocks Rise as Middle East Tensions Lift Crude Ahead of Earnings Season, RBC Says
Shares of US oil and gas producers gained over the past week as renewed tensions between Israel and Iran pushed crude prices higher ahead of the Q2 earnings season, RBC Capital Markets analyst Scott Hanold said in a Thursday note.Oil prices climbed to around $80 per barrel for the US benchmark West Texas Intermediate after US President Donald Trump pledged further action against Iran following renewed military strikes.The renewed geopolitical tensions came as the US Strategic Petroleum Reserve fell for the consecutive week to 316.5 million barrels, while inventories at the Cushing, Oklahoma, delivery hub rose above the 20-million-barrel level considered the minimum for efficient operations.Despite the jump in oil prices, trading activity across energy markets remained subdued, Hanold said.Oil-focused exploration and production companies outperformed their natural gas peers over the past week. Shares of oil-weighted producers rose about 3%, while gas-focused companies slipped 1%.The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) gained 4% as crude prices rose about 10%, while US natural gas benchmark Henry Hub prices fell 4%.Investor attention is now shifting toward the upcoming US exploration and production earnings season, with analysts reporting increased discussions around company strategy and capital allocation after limited interest from generalist investors during much of the second quarter.Among the companies drawing the most attention are Expand Energy (EXE), where investors are awaiting the appointment of a new chief executive and Devon Energy (DVN) over potential asset sales.Other companies include EOG Resources' (EOG) exploration activities in the UAE, Matador Resources' (MTDR) efforts to unlock value from its midstream assets, California Resources' (CRC) strategic initiatives, and EQT's (EQT) growth plans.Analysts said investors are also focused on the potential for mergers and acquisitions, free cash flow allocation and the outlook for US natural gas markets, with EOG, Matador, SM Energy (SM) and EQT emerging as favored names heading into earnings.Price: $168.11, Change: $+1.67, Percent Change: +1.00%
$CRC$DVN$EOG$EQT$EXE$FCF$MTDR$SM$XOP
Wire
Roth Capital Adjusts EOG Resources' PT to $132 From $136, Maintains Neutral Rating
EOG Resources (EOG) has an average rating of overweight and mean price target of $158.29, according to analysts polled by FactSet.Price: $136.64, Change: $-1.37, Percent Change: -0.99%
$EOG
Wire
Citigroup Adjusts EOG Resources Price Target to $141 From $147
EOG Resources (EOG) has an average rating of overweight and mean price target of $159.50, according to analysts polled by FactSet.Price: $137.61, Change: $+3.07, Percent Change: +2.28%
$EOG
Commodities
Oversupply Narrative Keeps Pressure on US Exploration, Production Stocks, RBC Says
US exploration and production stocks remained under pressure as lower oil prices and persistent oversupply concerns weighed on sector sentiment, RBC Capital Markets said in a note on Wednesday.RBC said US drilling activity remained largely unchanged, with Permian rig counts only slightly higher year to date. Private operators have increased activity, although weaker oil prices could slow that trend.Oil prices remained below $70 per barrel as markets assessed US-Iran talks that suggested improved shipping through the Strait of Hormuz.RBC said the oversupply narrative remained dominant as Russian and Saudi supply increased while the UAE boosted crude exports to a record 3.7 million barrels per day in June after leaving the Organization of the Petroleum Exporting Countries in May.A 3.8 million-barrel decline in commercial crude inventories, together with a 5.5 million-barrel release from the Strategic Petroleum Reserve, reduced total US oil inventories to their lowest level since 1984, RBC said, citing Department of Energy data.Gas-weighted exploration and production companies gained 2% over the past week, while oil-weighted peers lost 3%.Large-cap stocks dropped 4% and small- and mid-cap names fell 2%, even as the SPDR S&P Oil & Gas Exploration & Production ETF advanced 1% despite a 3% decline in West Texas Intermediate crude and a 1% drop in Henry Hub natural gas prices.Generalist investors have shown greater interest in energy valuations, although conversations continue to center on macroeconomic conditions and the improving outlook for natural gas equities, RBC said.As the second-quarter 2026 earnings season approaches, RBC expects specialist investors to step up activity.The bank said commodity price movements and merger-and-acquisition opportunities continue to dominate discussions, with EOG Resources (EOG), Devon Energy (DVN), EQT (EQT), Permian Resources (PR) and California Resources (CRC) emerging as investor favorites.
$CRC$DVN$EOG$EQT$PR
Equities
UBS Adjusts EOG Resources Price Target to $158 From $168, Maintains Buy Rating
EOG Resources (EOG) has an average rating of overweight and mean price target of $159.50, according to analysts polled by FactSet.Price: $130.39, Change: $+1.80, Percent Change: +1.40%
$EOG
Equities
Jefferies Adjusts Price Target on EOG Resources to $175 From $170, Maintains Buy Rating
EOG Resources (EOG) has an average rating of overweight and mean price target of $159.50, according to analysts polled by FactSet.
$EOG
Wire
EOG Resources' Fiscal Q2 Results to Highlight Constructive Backdrop for Permian Asset, RBC Says
EOG Resources' (EOG) fiscal Q2 results are expected to highlight a constructive backdrop on the Permian asset with improved near-term productivity, RBC Capital Markets analysts said in a Tuesday note.The company is scheduled to report its fiscal Q2 financial results on Aug. 5.RBC said that EOG is expected to maintain its budget and production outlook, including reallocating activity to liquids from natural gas.Analysts said that the company's UAE and Bahrain exploration programs progressed through the Iran conflict, and the company committed to providing updates on initial exploration well performance this year.RBC lowered the company's fiscal Q2 adjusted earnings estimate to $5.08 from $5.13 per share. Analysts polled by FactSet expect $5.02.Analysts have an outperform rating on the stock and a $175 price target.Price: $128.01, Change: $-1.72, Percent Change: -1.33%
$EOG
Showing 21-40 of 72
