Barclays has adjusted its price target for EOG Resources (EOG, Financial), reducing it from $144 to $140, although the firm maintains an Equal Weight rating on the stock. This revision is part of Barclays' first-quarter preview of the integrated oil and exploration and production sector.
The financial institution emphasizes the significance of the broader economic landscape in the current quarter. In particular, companies with low break-even points and robust balance sheets are better positioned to withstand a downturn in oil prices. This strategic focus is driven by Barclays' revised long-term oil price forecasts, which have been lowered to $60 for 2025 and $65 for 2026, reflecting ongoing uncertainties in the market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 29 analysts, the average target price for EOG Resources Inc (EOG, Financial) is $137.77 with a high estimate of $156.00 and a low estimate of $114.00. The average target implies an upside of 23.76% from the current price of $111.32. More detailed estimate data can be found on the EOG Resources Inc (EOG) Forecast page.
Based on the consensus recommendation from 33 brokerage firms, EOG Resources Inc's (EOG, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for EOG Resources Inc (EOG, Financial) in one year is $127.27, suggesting a upside of 14.33% from the current price of $111.32. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the EOG Resources Inc (EOG) Summary page.
