Zacks Research Expects Stronger Earnings for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Zacks Research upped their Q1 2026 earnings per share (EPS) estimates for EOG Resources in a note issued to investors on Wednesday, February 11th. Zacks Research analyst Team now expects that the energy exploration company will post earnings of $2.69 per share for the quarter, up from their prior forecast 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.

Several other equities analysts also recently weighed in on EOG. JPMorgan Chase & Co. dropped their target price on EOG Resources from $121.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, January 23rd. The Goldman Sachs Group dropped their price objective on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Barclays cut their target price on shares of EOG Resources from $136.00 to $133.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 21st. Jefferies Financial Group set a $140.00 price target on shares of EOG Resources in a research report on Wednesday, January 14th. Finally, Scotiabank set a $123.00 price objective on EOG Resources and gave the stock a “sector perform” rating in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $134.30.

EOG Resources Price Performance

EOG stock opened at $120.85 on Friday. The business’s fifty day moving average price is $108.05 and its 200 day moving average price is $111.41. EOG Resources has a 12-month low of $101.59 and a 12-month high of $135.87. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $65.57 billion, a PE ratio of 12.04 and a beta of 0.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EOG. Capital World Investors lifted its stake in 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 worth $6,156,495,000 after purchasing an additional 782,426 shares during the last quarter. Vanguard Group Inc. raised its holdings in EOG Resources by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after purchasing an additional 446,341 shares in the last quarter. State Street Corp lifted its position in shares of EOG Resources by 0.3% during the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after buying an additional 100,080 shares during the last quarter. Capital Research Global Investors lifted 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 worth $2,794,784,000 after buying an additional 122,486 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of EOG Resources by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock valued at $2,099,028,000 after buying an additional 371,548 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares of the company’s stock, valued at $5,810,180.72. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Key Stories Impacting EOG Resources

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

• Positive Sentiment: Stephens raised its price target to $139 (from $138) and kept an “equal weight” rating — a headline that likely supported buying interest by signaling ~15% upside vs. the current price. Read More. Read More.
• Positive Sentiment: Zacks Research increased its Q1 2026 EPS estimate to $2.69 (from $2.45), a small upward revision that could temper short‑term downside if results track that beat. Read More.
• Positive Sentiment: Zacks also nudged Q2 2026 EPS to $2.10 (from $2.06), another modest upward tweak. Read More.
• Negative Sentiment: Zacks cut multiple quarterly and annual forecasts across 2025–2027 (examples: Q4 2026 to $1.83 from $2.06; Q3/Q4 2027 cuts; FY2027 lowered to $9.31 from $10.41), signaling lower expected earnings and potentially pressuring valuation multiples. Read More.
• Negative Sentiment: Zacks Research currently carries a “Strong Sell” rating on EOG — a notable negative signal that may limit enthusiasm from institutional investors despite the price‑target tweak by Stephens. Read More.

EOG Resources Company Profile

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.