EOG Resources (EOG) Stock Forecast, Price Target & Predictions
EOG Stock Forecast
EOG Resources stock forecast is as follows: an average price target of $131.79 (represents a 10.40% upside from EOG’s last price of $119.37) and a rating consensus of 'Buy', based on 23 wall street analysts offering a 1-year stock forecast.
EOG Price Target
The average price target for EOG Resources (EOG) is $131.79 based on 1-year price targets from 23 Wall Street analysts in the past 3 months, with a price target range of $163.00 to $65.00. This represents a potential 10.40% upside from EOG's last price of $119.37.
EOG Analyst Ratings
According to 23 Wall Street analysts, EOG Resources's rating consensus is 'Buy'. The analyst rating breakdown for EOG stock is 1 'Strong Buy' (4.35%), 13 'Buy' (56.52%), 9 'Hold' (39.13%), 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 |
|---|---|---|---|---|---|---|
| Aug 15, 2024 | Mark Lear | Piper Sandler | $147.00 | $126.54 | 16.17% | 23.15% |
| Aug 05, 2024 | Stewart Glickman | CFRA | $146.00 | $123.12 | 18.58% | 22.31% |
| Aug 05, 2024 | Biju Perincheril | Susquehanna | $159.00 | $122.92 | 29.35% | 33.20% |
| May 16, 2024 | Neal Dingmann | Truist Financial | $136.00 | $129.09 | 5.35% | 13.93% |
| May 14, 2024 | Mark Lear | Piper Sandler | $154.00 | $129.40 | 19.01% | 29.01% |
| May 09, 2024 | Scott Hanold | RBC Capital | $147.00 | $129.83 | 13.22% | 23.15% |
| Apr 23, 2024 | Derrick Whitfield | Stifel Nicolaus | $150.00 | $134.21 | 11.77% | 25.66% |
| Apr 15, 2024 | Nitin Kumar | Mizuho Securities | $140.00 | $135.29 | 3.48% | 17.28% |
| Apr 09, 2024 | Betty Jiang | Barclays | $144.00 | $137.06 | 5.06% | 20.63% |
| Dec 22, 2023 | John Freeman | Raymond James | $148.00 | $121.08 | 22.23% | 23.98% |
The latest EOG Resources stock forecast, released on Aug 15, 2024 by Mark Lear from Piper Sandler, set a price target of $147.00, which represents a 16.17% increase from the stock price at the time of the forecast ($126.54), and a 23.15% increase from EOG last price ($119.37).
EOG Resources Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 10 |
| Avg Price Target | - | $150.67 | $147.10 |
| Last Closing Price | $119.37 | $119.37 | $119.37 |
| Upside/Downside | -100.00% | 26.22% | 23.23% |
In the current month, the average price target of EOG Resources stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to EOG Resources's last price of $119.37. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 04, 2024 | UBS | Market Perform | Market Perform | Hold |
| Sep 04, 2024 | Susquehanna | Underperform | Underperform | Hold |
| Aug 15, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Aug 12, 2024 | Bernstein | Market Perform | Market Perform | Hold |
| Aug 05, 2024 | CFRA | Buy | Buy | Hold |
| Aug 05, 2024 | Susquehanna | Underperform | Underperform | Hold |
| Aug 05, 2024 | Truist Financial | Market Perform | Market Perform | Hold |
| Aug 05, 2024 | Susquehanna | Positive | Positive | Hold |
| Jul 17, 2024 | Wolfe Research | - | Peer Perform | Initialise |
| Jul 10, 2024 | Sandler O'Neill | Underperform | Underperform | Hold |
EOG Resources's last stock rating was published by UBS on Sep 04, 2024. The company gave EOG a "Market Perform" 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 | $6.28B | $6.25B | $6.21B | $6.17B | $6.54B | $6.41B | $6.21B | $6.22B | $6.21B | $6.19B | $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 | $7.13B | $7.09B | $7.05B | $7.01B | $7.43B | $7.28B | $7.05B | $7.06B | $7.05B | $6.31B | $6.89B | $6.71B | $6.29B | $5.87B | $5.38B | $5.52B | $6.59B | $7.10B | $5.79B | $5.86B | $6.31B | $5.03B | $4.31B | $3.99B | $3.06B | $2.78B | $2.60B | $4.18B | $4.63B | $4.67B |
| Low Forecast | $4.89B | $4.86B | $4.84B | $4.81B | $5.09B | $4.99B | $4.83B | $4.84B | $4.83B | $6.09B | $4.73B | $4.60B | $6.01B | $4.30B | $3.69B | $3.79B | $4.52B | $4.87B | $4.93B | $4.99B | $5.37B | $4.28B | $3.66B | $3.39B | $2.61B | $2.36B | $2.21B | $3.55B | $3.94B | $3.98B |
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 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 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 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 | $3.12B | $3.10B | $3.08B | $3.06B | $3.25B | $3.18B | $3.08B | $3.09B | $3.08B | $3.07B | $3.01B | $1.56B | $3.07B | $2.72B | $2.35B | $1.42B | $2.88B | $2.81B | $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 | $3.54B | $3.52B | $3.50B | $3.48B | $3.69B | $3.61B | $3.50B | $3.50B | $3.50B | $3.13B | $3.42B | $1.87B | $3.12B | $2.91B | $2.67B | $1.70B | $3.27B | $3.38B | $2.87B | $1.54B | $3.13B | $2.49B | $2.14B | $1.99B | $1.52B | $1.38B | $1.29B | $105.97M | $2.30B | $2.32B |
| Low Forecast | $2.43B | $2.41B | $2.40B | $2.39B | $2.53B | $2.48B | $2.40B | $2.40B | $2.40B | $3.02B | $2.35B | $1.25B | $2.98B | $2.13B | $1.83B | $1.13B | $2.24B | $2.25B | $2.45B | $1.03B | $2.66B | $2.12B | $1.82B | $1.32B | $1.29B | $1.17B | $1.10B | $70.65M | $1.95B | $1.97B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.24% | 2.07% | 2.14% | 1.29% | 1.69% | 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 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 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 | $1.90B | $1.86B | $1.80B | $1.79B | $1.84B | $1.81B | $1.72B | $1.76B | $1.74B | $1.75B | $1.69B | $436.38M | $1.76B | $1.70B | $1.33B | $396.71M | $1.93B | $1.28B | $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 | $2.23B | $2.18B | $2.12B | $2.10B | $2.16B | $2.13B | $2.02B | $2.07B | $2.05B | $1.85B | $1.99B | $523.66M | $1.91B | $1.80B | $1.56B | $476.05M | $2.27B | $1.54B | $1.59B | $432.77M | $1.95B | $1.26B | $959.77M | $735.55M | $221.72M | $111.23M | $-24.91M | $13.74M | $717.06M | $698.94M |
| Low Forecast | $1.35B | $1.32B | $1.28B | $1.27B | $1.31B | $1.29B | $1.22B | $1.25B | $1.24B | $1.57B | $1.21B | $349.10M | $1.62B | $1.57B | $946.67M | $317.37M | $1.37B | $1.03B | $1.28B | $288.52M | $1.58B | $1.02B | $776.77M | $490.37M | $179.44M | $90.02M | $-30.78M | $9.16M | $580.34M | $565.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.19% | 1.17% | 5.10% | 1.18% | 2.23% | 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 $1.76B, with a range of $1.62B to $1.91B. EOG's average Quarter net income forecast represents a -13.12% 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 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 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 | $1.78B | $1.77B | $1.76B | $1.75B | $1.86B | $1.82B | $1.76B | $1.77B | $1.76B | $1.76B | $1.72B | $1.57B | $1.76B | $1.56B | $1.35B | $1.43B | $1.65B | $1.55B | $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 | $2.03B | $2.01B | $2.00B | $1.99B | $2.11B | $2.07B | $2.00B | $2.01B | $2.00B | $1.79B | $1.96B | $1.89B | $1.79B | $1.67B | $1.53B | $1.72B | $1.87B | $1.86B | $1.64B | $1.56B | $1.79B | $1.43B | $1.22B | $1.03B | $869.63M | $788.79M | $738.07M | $1.71B | $1.31B | $1.33B |
| Low Forecast | $1.39B | $1.38B | $1.37B | $1.36B | $1.45B | $1.42B | $1.37B | $1.38B | $1.37B | $1.73B | $1.34B | $1.26B | $1.71B | $1.22B | $1.05B | $1.14B | $1.28B | $1.24B | $1.40B | $1.04B | $1.52B | $1.21B | $1.04B | $686.66M | $739.95M | $671.17M | $628.01M | $1.14B | $1.12B | $1.13B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.19% | 1.05% | 1.01% | 1.15% | 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 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 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 | $3.32 | $3.25 | $3.15 | $3.12 | $3.21 | $3.17 | $3.01 | $3.07 | $3.05 | $3.06 | $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 | $3.90 | $3.82 | $3.70 | $3.67 | $3.78 | $3.73 | $3.53 | $3.61 | $3.58 | $3.23 | $3.48 | $3.19 | $3.34 | $3.15 | $2.73 | $2.93 | $3.96 | $4.39 | $2.77 | $3.96 | $3.41 | $2.20 | $1.68 | $1.63 | $0.39 | $0.19 | $-0.04 | $0.72 | $1.25 | $1.22 |
| Low Forecast | $2.36 | $2.31 | $2.24 | $2.22 | $2.29 | $2.26 | $2.14 | $2.19 | $2.17 | $2.74 | $2.11 | $1.93 | $2.83 | $2.74 | $1.66 | $1.77 | $2.40 | $2.66 | $2.24 | $3.20 | $2.76 | $1.78 | $1.36 | $1.32 | $0.31 | $0.16 | $-0.05 | $0.59 | $1.01 | $0.99 |
| 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 | $23.94 | $43.52 | 81.79% | Buy |
| DVN | Devon Energy | $39.45 | $64.04 | 62.33% | Buy |
| MUR | Murphy Oil | $34.17 | $47.90 | 40.18% | Buy |
| PR | Permian Resources | $13.49 | $18.25 | 35.29% | Buy |
| CTRA | Coterra Energy | $22.78 | $29.53 | 29.63% | Buy |
| COP | ConocoPhillips | $103.50 | $123.86 | 19.67% | Buy |
| MRO | Marathon Oil | $26.13 | $29.32 | 12.21% | Buy |
| EOG | EOG Resources | $119.37 | $131.79 | 10.40% | Buy |
| RRC | Range Resources | $29.03 | $31.00 | 6.79% | Buy |
| FANG | Diamondback Energy | $172.42 | $182.38 | 5.78% | Buy |
| HES | Hess | $128.57 | $132.79 | 3.28% | Hold |
EOG Forecast FAQ
Is EOG Resources a good buy?
Yes, according to 23 Wall Street analysts, EOG Resources (EOG) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 13 'Buy' recommendations, accounting for 60.87% of EOG's total ratings.
What is EOG's price target?
EOG Resources (EOG) average price target is $131.79 with a range of $65 to $163, implying a 10.40% from its last price of $119.37. The data is based on 23 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will EOG Resources stock go up soon?
According to Wall Street analysts' prediction for EOG stock, the company can go up by 10.40% (from the last price of $119.37 to the average price target of $131.79), up by 36.55% based on the highest stock price target, and down by -45.55% based on the lowest stock price target.
Can EOG Resources stock reach $200?
EOG's average twelve months analyst stock price target of $131.79 does not support the claim that EOG Resources can reach $200 in the near future.
What are EOG Resources's analysts' financial forecasts?
EOG Resources's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $25.38B (high $28.81B, low $19.76B), average EBITDA is $12.6B (high $14.3B, low $9.81B), average net income is $7.13B (high $8.38B, low $5.07B), average SG&A $7.21B (high $8.18B, low $5.61B), and average EPS is $12.46 (high $14.65, low $8.87). EOG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $24.92B (high $28.29B, low $19.4B), average EBITDA is $12.37B (high $14.04B, low $9.63B), average net income is $7.34B (high $8.63B, low $5.23B), average SG&A $7.08B (high $8.03B, low $5.51B), and average EPS is $12.84 (high $15.1, low $9.14).
Did the EOG's actual financial results beat the analysts' financial forecasts?
Based on EOG Resources's last annual report (Dec 2022), the company's revenue was $29.49B, beating the average analysts forecast of $23.07B by 27.83%. Apple's EBITDA was $15.28B, beating the average prediction of $9.7B by 57.56%. The company's net income was $7.76B, beating the average estimation of $5.04B by 53.89%. Apple's SG&A was $7.1B, beating the average forecast of $6.06B by 17.33%. Lastly, the company's EPS was $13.35, missing the average prediction of $13.35 by -0.03%. In terms of the last quarterly report (Sep 2023), EOG Resources's revenue was $6.13B, beating the average analysts' forecast of $5.48B by 11.98%. The company's EBITDA was $6.08B, beating the average prediction of $2.72B by 123.65%. EOG Resources's net income was $2.03B, beating the average estimation of $1.7B by 19.40%. The company's SG&A was $1.54B, missing the average forecast of $1.56B by -0.74%. Lastly, the company's EPS was $3.51, beating the average prediction of $2.97 by 18.09%