Wall Street Zen Downgrades EOG Resources (NYSE:EOG) to Hold

Posted by George Bondi on Aug 3rd, 2026

EOG Resources (NYSE:EOG – Get Free Report) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

EOG has been the subject of several other research reports. Wells Fargo & Company set a $196.00 price target on EOG Resources and gave the company an “overweight” rating in a report on Wednesday, May 13th. The Goldman Sachs Group decreased their price objective on EOG Resources from $139.00 to $129.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. Mizuho set a $157.00 price objective on EOG Resources and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Wolfe Research lifted their price objective on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $155.32.

Get Our Latest Stock Analysis on EOG Resources

EOG Resources Trading Down 0.1%

Shares of EOG Resources stock opened at $148.54 on Friday. The company’s fifty day simple moving average is $136.95 and its 200-day simple moving average is $131.46. The stock has a market capitalization of $79.12 billion, a PE ratio of 14.62 and a beta of 0.25. EOG Resources has a 1-year low of $101.59 and a 1-year high of $151.87. 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 (NYSE:EOG – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the previous year, the firm posted $2.87 EPS. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, equities analysts anticipate that EOG Resources will post 16.16 earnings per share for the current year.

Institutional Investors Weigh In On EOG Resources

A number of institutional investors and hedge funds have recently bought and sold shares of EOG. Summitry LLC boosted its stake in shares of EOG Resources by 1.5% in the first quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock worth $699,000 after acquiring an additional 73 shares during the period. Twin Capital Management Inc. raised its stake in EOG Resources by 0.3% during the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock valued at $3,467,000 after purchasing an additional 79 shares during the period. Sax Wealth Advisors LLC raised its stake in EOG Resources by 2.8% during the 2nd quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company’s stock valued at $377,000 after purchasing an additional 79 shares during the period. Paladin Wealth LLC lifted its holdings in EOG Resources by 5.3% in the 2nd quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company’s stock worth $207,000 after purchasing an additional 80 shares in the last quarter. Finally, Hardy Reed LLC lifted its holdings in EOG Resources by 3.8% in the 1st quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock worth $325,000 after purchasing an additional 82 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

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.