On June 16, 2025, Wells Fargo analyst Roger Read reaffirmed his "Overweight" rating for EOG Resources (EOG, Financial). This decision reflects a maintained confidence in the company's potential performance in the market.
In addition to maintaining the rating, Wells Fargo has raised the price target for EOG Resources. The new price target is set at USD 148.00, a slight increase from the previous target of USD 146.00. This adjustment marks a 1.37% increase in the projected price target for EOG.
EOG Resources (EOG, Financial) continues to be a focal point for investors, with Roger Read's latest assessment indicating a bullish outlook. This update by Wells Fargo emphasizes a stable and positive sentiment toward the stock's future potential in the energy sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 27 analysts, the average target price for EOG Resources Inc (EOG, Financial) is $138.94 with a high estimate of $158.00 and a low estimate of $118.00. The average target implies an upside of 13.86% from the current price of $122.03. More detailed estimate data can be found on the EOG Resources Inc (EOG) Forecast page.
Based on the consensus recommendation from 31 brokerage firms, EOG Resources Inc's (EOG, Financial) average brokerage recommendation is currently 2.2, 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 $131.20, suggesting a upside of 7.51% from the current price of $122.03. 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.
