EOG Resources (EOG) Stock Forecast, Price Target & Predictions
EOG Stock Forecast
EOG Resources stock forecast is as follows: an average price target of $132.29 (represents a -1.53% downside from EOG’s last price of $134.35) and a rating consensus of 'Buy', based on 22 wall street analysts offering a 1-year stock forecast.
EOG Price Target
The average price target for EOG Resources (EOG) is $132.29 based on 1-year price targets from 22 Wall Street analysts in the past 3 months, with a price target range of $163.00 to $65.00. This represents a potential -1.53% downside from EOG's last price of $134.35.
EOG Analyst Ratings
According to 22 Wall Street analysts, EOG Resources's rating consensus is 'Buy'. The analyst rating breakdown for EOG stock is 1 'Strong Buy' (4.55%), 14 'Buy' (63.64%), 7 'Hold' (31.82%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
EOG Resources Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 16, 2024 | Tim Rezvan | KeyBanc | $150.00 | $127.28 | 17.85% | 11.65% |
| Oct 01, 2024 | Roger Read | Wells Fargo | $135.00 | $122.93 | 9.82% | 0.48% |
| Sep 30, 2024 | Stephen Richardson | Evercore ISI | $145.00 | $122.44 | 18.43% | 7.93% |
| Aug 15, 2024 | Mark Lear | Piper Sandler | $147.00 | $126.54 | 16.17% | 9.42% |
| Aug 05, 2024 | Stewart Glickman | CFRA | $146.00 | $123.12 | 18.58% | 8.67% |
| Aug 05, 2024 | Biju Perincheril | Susquehanna | $159.00 | $122.92 | 29.35% | 18.35% |
| May 16, 2024 | Neal Dingmann | Truist Financial | $136.00 | $129.09 | 5.35% | 1.23% |
| May 14, 2024 | Mark Lear | Piper Sandler | $154.00 | $129.40 | 19.01% | 14.63% |
| May 09, 2024 | Scott Hanold | RBC Capital | $147.00 | $129.83 | 13.22% | 9.42% |
| Apr 23, 2024 | Derrick Whitfield | Stifel Nicolaus | $150.00 | $134.21 | 11.77% | 11.65% |
The latest EOG Resources stock forecast, released on Oct 16, 2024 by Tim Rezvan from KeyBanc, set a price target of $150.00, which represents a 17.85% increase from the stock price at the time of the forecast ($127.28), and a 11.65% increase from EOG last price ($134.35).
EOG Resources Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 4 | 13 |
| Avg Price Target | $150.00 | $144.25 | $146.23 |
| Last Closing Price | $134.35 | $134.35 | $134.35 |
| Upside/Downside | 11.65% | 7.37% | 8.84% |
In the current month, the average price target of EOG Resources stock is $150.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 11.65% increase as opposed to EOG Resources's last price of $134.35. This month's average price target is up 3.99% compared to last quarter, and up 2.58% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 16, 2024 | UBS | Underperform | Underperform | Hold |
| Oct 16, 2024 | Wells Fargo | Sector Perform | Sector Perform | Hold |
| Oct 16, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Oct 01, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Sep 30, 2024 | Truist Financial | Underperform | Underperform | Hold |
| Sep 30, 2024 | UBS | Market Perform | Market Perform | Hold |
| Sep 30, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Sep 04, 2024 | UBS | Market Perform | Market Perform | Hold |
| Sep 04, 2024 | Susquehanna | Underperform | Underperform | Hold |
| Aug 15, 2024 | Piper Sandler | Overweight | Overweight | Hold |
EOG Resources's last stock rating was published by UBS on Oct 16, 2024. The company gave EOG a "Underperform" rating, the same as its previous rate.
EOG Resources Financial Forecast
EOG Resources Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $6.13B | $5.48B | $5.58B | $6.49B | $7.60B | $8.64B | $6.75B | $5.91B | $5.23B | $4.49B | $4.04B | $2.88B | $2.30B | $1.21B | $3.47B | $4.23B | $4.19B |
| Avg Forecast | $6.32B | $6.16B | $6.08B | $6.11B | $6.31B | $6.16B | $5.95B | $5.92B | $5.88B | $6.00B | $6.07B | $5.91B | $6.18B | $5.48B | $4.74B | $4.87B | $5.81B | $6.26B | $5.47B | $5.54B | $5.96B | $4.75B | $4.07B | $3.77B | $2.89B | $2.62B | $2.45B | $3.95B | $4.37B | $4.41B |
| High Forecast | $6.95B | $6.77B | $6.68B | $6.73B | $6.94B | $6.77B | $6.55B | $6.44B | $6.29B | $6.12B | $6.07B | $5.91B | $6.29B | $5.87B | $5.21B | $5.35B | $6.39B | $6.26B | $5.47B | $5.54B | $5.96B | $4.75B | $4.07B | $3.77B | $2.89B | $2.62B | $2.45B | $3.95B | $4.37B | $4.41B |
| Low Forecast | $5.42B | $5.28B | $5.21B | $5.24B | $5.41B | $5.28B | $5.10B | $5.60B | $5.44B | $5.87B | $6.07B | $5.91B | $6.01B | $4.30B | $4.06B | $4.17B | $4.98B | $6.26B | $5.47B | $5.54B | $5.96B | $4.75B | $4.07B | $3.77B | $2.89B | $2.62B | $2.45B | $3.95B | $4.37B | $4.41B |
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 8 | 4 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 13 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | 1.16% | 1.15% | 1.12% | 1.21% | 1.58% | 1.22% | 0.99% | 1.10% | 1.10% | 1.07% | 1.00% | 0.88% | 0.49% | 0.88% | 0.97% | 0.95% |
EOG Resources's average Quarter revenue forecast for Dec 23 based on 5 analysts is $6.18B, with a low forecast of $6.01B, and a high forecast of $6.29B. EOG's average Quarter revenue forecast represents a 0.76% increase compared to the company's last Quarter revenue of $6.13B (Sep 23).
EOG Resources EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 8 | 4 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 13 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $6.08B | $4.87B | $3.02B | $3.71B | $4.74B | $5.21B | $4.24B | $3.45B | $2.40B | $2.08B | $1.83B | $480.88M | $687.00K | $-1.09B | $75.69M | $871.90M | $837.08M |
| Avg Forecast | $3.14B | $3.06B | $3.02B | $3.03B | $3.13B | $3.05B | $2.95B | $2.94B | $2.92B | $2.98B | $3.01B | $1.56B | $3.07B | $2.72B | $2.35B | $1.42B | $3.91B | $3.11B | $2.71B | $1.29B | $2.96B | $2.36B | $2.02B | $1.66B | $1.44B | $1.30B | $1.22B | $88.31M | $2.17B | $2.19B |
| High Forecast | $3.45B | $3.36B | $3.32B | $3.34B | $3.44B | $3.36B | $3.25B | $3.20B | $3.12B | $3.04B | $3.01B | $1.87B | $3.12B | $2.91B | $2.59B | $1.70B | $4.69B | $3.11B | $2.71B | $1.54B | $2.96B | $2.36B | $2.02B | $1.99B | $1.44B | $1.30B | $1.22B | $105.97M | $2.17B | $2.19B |
| Low Forecast | $2.69B | $2.62B | $2.59B | $2.60B | $2.68B | $2.62B | $2.53B | $2.78B | $2.70B | $2.91B | $3.01B | $1.25B | $2.98B | $2.13B | $2.02B | $1.13B | $3.13B | $3.11B | $2.71B | $1.03B | $2.96B | $2.36B | $2.02B | $1.32B | $1.44B | $1.30B | $1.22B | $70.65M | $2.17B | $2.19B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.24% | 2.07% | 2.14% | 0.95% | 1.53% | 1.92% | 3.30% | 1.17% | 1.02% | 1.03% | 1.10% | 0.34% | 0.00% | -0.90% | 0.86% | 0.40% | 0.38% |
5 analysts predict EOG's average Quarter EBITDA for Dec 23 to be $3.07B, with a high of $3.12B and a low of $2.98B. This is -49.55% lower than EOG Resources's previous annual EBITDA (Sep 23) of $6.08B.
EOG Resources Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 8 | 4 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 13 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.03B | $1.55B | $2.02B | $2.28B | $2.85B | $2.24B | $390.00M | $1.99B | $1.09B | $907.00M | $677.00M | $337.47M | $-42.47M | $-909.38M | $9.81M | $636.52M | $615.12M |
| Avg Forecast | $1.85B | $1.78B | $1.72B | $1.73B | $1.63B | $1.58B | $1.49B | $1.51B | $1.50B | $1.58B | $1.68B | $436.38M | $1.75B | $1.69B | $1.32B | $396.71M | $2.25B | $2.14B | $1.47B | $360.65M | $1.81B | $1.17B | $891.48M | $612.96M | $205.94M | $103.31M | $-28.59M | $11.45M | $666.05M | $649.21M |
| High Forecast | $2.09B | $2.01B | $1.94B | $1.95B | $1.84B | $1.79B | $1.69B | $1.89B | $1.81B | $1.78B | $1.68B | $523.66M | $1.90B | $1.79B | $1.49B | $476.05M | $2.70B | $2.14B | $1.47B | $432.77M | $1.81B | $1.17B | $891.48M | $735.55M | $205.94M | $103.31M | $-28.59M | $13.74M | $666.05M | $649.21M |
| Low Forecast | $1.51B | $1.45B | $1.40B | $1.41B | $1.33B | $1.29B | $1.22B | $1.35B | $1.35B | $1.28B | $1.68B | $349.10M | $1.61B | $1.56B | $1.08B | $317.37M | $1.80B | $2.14B | $1.47B | $288.52M | $1.81B | $1.17B | $891.48M | $490.37M | $205.94M | $103.31M | $-28.59M | $9.16M | $666.05M | $649.21M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.20% | 1.18% | 5.10% | 1.01% | 1.34% | 1.52% | 1.08% | 1.10% | 0.94% | 1.02% | 1.10% | 1.64% | -0.41% | 31.80% | 0.86% | 0.96% | 0.95% |
EOG Resources's average Quarter net income forecast for Dec 23 is $1.75B, with a range of $1.61B to $1.90B. EOG's average Quarter net income forecast represents a -13.72% decrease compared to the company's last Quarter net income of $2.03B (Sep 23).
EOG Resources SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 8 | 4 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 13 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.54B | $1.60B | $1.51B | $1.66B | $1.78B | $2.25B | $1.41B | $1.30B | $1.33B | $1.11B | $948.00M | $736.18M | $645.81M | $576.30M | $1.22B | $1.36B | $1.48B |
| Avg Forecast | $1.79B | $1.75B | $1.73B | $1.74B | $1.79B | $1.75B | $1.69B | $1.68B | $1.67B | $1.70B | $1.72B | $1.57B | $1.76B | $1.56B | $1.35B | $1.43B | $1.47B | $1.78B | $1.55B | $1.30B | $1.69B | $1.35B | $1.15B | $858.32M | $821.24M | $744.90M | $697.00M | $1.43B | $1.24B | $1.25B |
| High Forecast | $1.97B | $1.92B | $1.90B | $1.91B | $1.97B | $1.92B | $1.86B | $1.83B | $1.79B | $1.74B | $1.72B | $1.89B | $1.79B | $1.67B | $1.48B | $1.72B | $1.77B | $1.78B | $1.55B | $1.56B | $1.69B | $1.35B | $1.15B | $1.03B | $821.24M | $744.90M | $697.00M | $1.71B | $1.24B | $1.25B |
| Low Forecast | $1.54B | $1.50B | $1.48B | $1.49B | $1.54B | $1.50B | $1.45B | $1.59B | $1.54B | $1.67B | $1.72B | $1.26B | $1.71B | $1.22B | $1.15B | $1.14B | $1.18B | $1.78B | $1.55B | $1.04B | $1.69B | $1.35B | $1.15B | $686.66M | $821.24M | $744.90M | $697.00M | $1.14B | $1.24B | $1.25B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.19% | 1.05% | 1.13% | 1.00% | 1.45% | 1.08% | 0.77% | 0.98% | 0.96% | 1.10% | 0.90% | 0.87% | 0.83% | 0.86% | 1.10% | 1.18% |
EOG Resources's average Quarter SG&A projection for Dec 23 is $1.76B, based on 5 Wall Street analysts, with a range of $1.71B to $1.79B. The forecast indicates a 13.68% rise compared to EOG last annual SG&A of $1.54B (Sep 23).
EOG Resources EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 8 | 4 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 13 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.51 | $2.68 | $3.46 | $3.90 | $4.90 | $3.84 | $0.67 | $3.42 | $1.88 | $1.56 | $1.17 | $0.58 | $-0.07 | $-1.57 | $0.02 | $1.10 | $1.06 |
| Avg Forecast | $3.26 | $3.13 | $3.03 | $3.04 | $2.87 | $2.79 | $2.63 | $2.65 | $2.63 | $2.78 | $2.96 | $2.72 | $3.08 | $2.97 | $2.32 | $2.49 | $3.37 | $3.74 | $2.57 | $3.68 | $3.17 | $2.04 | $1.56 | $1.51 | $0.36 | $0.18 | $-0.05 | $0.67 | $1.16 | $1.13 |
| High Forecast | $3.68 | $3.53 | $3.42 | $3.44 | $3.25 | $3.15 | $2.97 | $3.32 | $3.19 | $3.14 | $2.97 | $2.72 | $3.34 | $3.15 | $2.63 | $2.81 | $3.81 | $3.74 | $2.57 | $3.68 | $3.17 | $2.04 | $1.56 | $1.51 | $0.36 | $0.18 | $-0.05 | $0.67 | $1.16 | $1.13 |
| Low Forecast | $2.65 | $2.55 | $2.47 | $2.48 | $2.34 | $2.27 | $2.14 | $2.38 | $2.38 | $2.26 | $2.96 | $2.72 | $2.83 | $2.74 | $1.89 | $2.03 | $2.74 | $3.74 | $2.57 | $3.68 | $3.17 | $2.04 | $1.56 | $1.51 | $0.36 | $0.18 | $-0.05 | $0.67 | $1.16 | $1.13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.18% | 1.15% | 1.39% | 1.16% | 1.31% | 1.49% | 0.18% | 1.08% | 0.92% | 1.00% | 0.77% | 1.61% | -0.39% | 31.41% | 0.03% | 0.94% | 0.93% |
According to 5 Wall Street analysts, EOG Resources's projected average Quarter EPS for Dec 23 is $3.08, with a low estimate of $2.83 and a high estimate of $3.34. This represents a -12.15% decrease compared to EOG previous annual EPS of $3.51 (Sep 23).
EOG Resources Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| APA | APA | $22.02 | $42.95 | 95.05% | Buy |
| DVN | Devon Energy | $39.11 | $58.88 | 50.55% | Buy |
| MUR | Murphy Oil | $32.45 | $46.08 | 42.00% | Buy |
| PR | Permian Resources | $15.13 | $17.92 | 18.44% | Buy |
| CTRA | Coterra Energy | $25.61 | $29.68 | 15.89% | Buy |
| COP | ConocoPhillips | $111.82 | $122.71 | 9.74% | Buy |
| FANG | Diamondback Energy | $182.24 | $191.60 | 5.14% | Buy |
| MRO | Marathon Oil | $28.62 | $29.00 | 1.33% | Buy |
| HES | Hess | $142.80 | $143.19 | 0.27% | Hold |
| EOG | EOG Resources | $134.35 | $132.29 | -1.53% | Buy |
| RRC | Range Resources | $33.91 | $31.53 | -7.02% | Buy |