Zacks Research Forecasts Higher Earnings for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Equities research analysts at Zacks Research increased their Q1 2026 earnings per share estimates for shares of EOG Resources in a report released on Wednesday, February 11th. Zacks Research analyst Team now anticipates that the energy exploration company will earn $2.69 per share for the quarter, up from their prior estimate of $2.45. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share. Zacks Research also issued estimates for EOG Resources’ Q2 2026 earnings at $2.10 EPS, Q4 2026 earnings at $1.83 EPS, Q3 2027 earnings at $2.38 EPS, Q4 2027 earnings at $2.16 EPS and FY2027 earnings at $9.31 EPS.

Other analysts also recently issued research reports about the stock. Piper Sandler set a $123.00 price target on shares of EOG Resources and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a report on Thursday, January 22nd. Morgan Stanley set a $128.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $153.00 price target on shares of EOG Resources in a research report on Wednesday, December 3rd. Finally, Mizuho set a $134.00 price target on EOG Resources and gave the company a “neutral” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $134.15.

EOG Resources Trading Down 0.5%

NYSE EOG opened at $117.67 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. EOG Resources has a 52 week low of $101.59 and a 52 week high of $135.87. The business has a 50 day moving average price of $107.88 and a 200-day moving average price of $111.50. The company has a market cap of $63.85 billion, a price-to-earnings ratio of 11.72 and a beta of 0.49.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. This represents a 3.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On EOG Resources

Hedge funds and other institutional investors have recently modified their holdings of the business. Capital World Investors increased its position in shares of EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after acquiring an additional 782,426 shares during the last quarter. Vanguard Group Inc. grew its stake in EOG Resources by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock valued at $5,651,172,000 after purchasing an additional 446,341 shares during the period. Capital Research Global Investors increased its position in shares of EOG Resources by 0.5% during the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock valued at $2,794,784,000 after purchasing an additional 122,486 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of EOG Resources by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock worth $1,364,309,000 after purchasing an additional 95,260 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of EOG Resources by 24.2% in the 4th quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock worth $676,627,000 after buying an additional 1,257,110 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources News Roundup

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: Stephens raised its price target on EOG to $139 (from $138) and kept an “equal weight” rating — a modest positive signal on return potential. Benzinga
• Positive Sentiment: Zacks Research raised near-term quarter estimates for EOG: Q1 2026 EPS was lifted to $2.69 (from $2.45) and Q2 2026 EPS to $2.10 (from $2.06) — a signal of slightly stronger near-term operational outlook in Zacks’ model.
• Negative Sentiment: Zacks Research cut multiple medium‑ and longer‑term estimates and lowered FY2027 EPS to $9.31 (from $10.41). The firm also trimmed several quarterly forecasts (Q4 2026 to $1.83, Q3 2026 to $2.11, Q1/Q2/Q3 2027 reductions among others) and maintains a “Strong Sell” rating — a broad negative that likely outweighs the small positives. MarketBeat: EOG coverage

About EOG Resources

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.