EOG Resources (NYSE:EOG) Given New $129.00 Price Target at The Goldman Sachs Group

Posted by Francis Steltz on Jun 30th, 2026

EOG Resources (NYSE:EOG – Get Free Report) had its target price decreased by stock analysts at The Goldman Sachs Group from $139.00 to $129.00 in a research report issued on Tuesday,MarketScreener reports. The firm currently has a “neutral” rating on the energy exploration company’s stock. The Goldman Sachs Group’s price target would indicate a potential downside of 2.26% from the company’s previous close.

EOG has been the subject of several other reports. DA Davidson upped their target price on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Jefferies Financial Group raised their target price on shares of EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Citigroup reaffirmed a “neutral” rating and issued a $147.00 price target (up from $142.00) on shares of EOG Resources in a report on Wednesday, May 20th. Wolfe Research increased their price objective on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Finally, Piper Sandler raised their price objective on EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $155.29.

Read Our Latest Report on EOG Resources

EOG Resources Trading Up 0.0%

Shares of EOG opened at $131.98 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a 50 day simple moving average of $135.78 and a two-hundred day simple moving average of $125.81. The firm has a market cap of $70.30 billion, a P/E ratio of 13.02 and a beta of 0.25.

EOG Resources (NYSE:EOG – Get Free Report) last announced its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.87 EPS. On average, equities analysts expect that EOG Resources will post 16.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EOG Resources

A number of institutional investors have recently added to or reduced their stakes in the stock. Acumen Wealth Advisors LLC purchased a new position in shares of EOG Resources in the fourth quarter worth about $25,000. SJS Investment Consulting Inc. boosted its holdings in EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the last quarter. Prosperity Bancshares Inc purchased a new stake in shares of EOG Resources in the 4th quarter valued at approximately $26,000. Nemes Rush Group LLC acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $30,000. Finally, Financial Life Planners acquired a new stake in shares of EOG Resources during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Company Profile

(Get Free Report)

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.