Morgan Stanley analyst Devin McDermott has made recent adjustments to the price target for EOG Resources (EOG, Financial). The new price target has been raised to $132.00 USD, up from the previous target of $131.00 USD. This represents a 0.76% increase in the projected valuation.
The analyst maintains an "Equal-Weight" rating for EOG Resources (EOG, Financial), showing consistent sentiment compared to prior evaluations. The adjustments indicate a modest yet positive outlook on EOG's stock performance in the foreseeable future.
The updates took place on May 23, 2025, with EOG Resources (EOG, Financial) continuing to trade on the NYSE. Investors and stakeholders may find this information valuable as it reflects Morgan Stanley's current stance on EOG's market potential.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 28 analysts, the average target price for EOG Resources Inc (EOG, Financial) is $136.51 with a high estimate of $156.00 and a low estimate of $114.23. The average target implies an upside of 24.39% from the current price of $109.74. More detailed estimate data can be found on the EOG Resources Inc (EOG) Forecast page.
Based on the consensus recommendation from 32 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 $120.28, suggesting a upside of 9.6% from the current price of $109.74. 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.
