EOG Resources (NYSE:EOG) Cut to Hold at Freedom Capital

EOG Resources (NYSE:EOG) was downgraded by stock analysts at Freedom Capital from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

EOG has been the subject of a number of other research reports. Morgan Stanley decreased their price objective on EOG Resources from $160.00 to $156.00 and set an “equal weight” rating for the company in a report on Friday, June 26th. Wall Street Zen cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. DA Davidson upped their target price on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. The Goldman Sachs Group decreased their price target on shares of EOG Resources from $139.00 to $129.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $175.00 price target (up from $170.00) on shares of EOG Resources in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $156.32.

EOG Resources Stock Up 1.5%

Shares of NYSE:EOG opened at $136.21 on Wednesday. EOG Resources has a 52-week low of $101.59 and a 52-week high of $151.87. The firm has a market capitalization of $71.45 billion, a P/E ratio of 10.60 and a beta of 0.25. The stock has a 50 day moving average price of $137.21 and a 200-day moving average price of $132.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.53 and a current ratio of 1.85.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter last year, the business posted $2.32 EPS. The firm’s revenue for the quarter was up 57.4% compared to the same quarter last year. As a group, equities research analysts anticipate that EOG Resources will post 16.32 EPS for the current fiscal year.

Hedge Funds Weigh In On EOG Resources

Hedge funds have recently bought and sold shares of the company. Summitry LLC increased its position in shares of EOG Resources by 1.5% in the first quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock worth $699,000 after purchasing an additional 73 shares during the period. Twin Capital Management Inc. lifted its position in EOG Resources by 0.3% during the first quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock worth $3,467,000 after purchasing an additional 79 shares during the period. Sax Wealth Advisors LLC grew its stake in EOG Resources by 2.8% during the second quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company’s stock worth $377,000 after buying an additional 79 shares in the last quarter. Paladin Wealth LLC grew its stake in EOG Resources by 5.3% during the second quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company’s stock worth $207,000 after buying an additional 80 shares in the last quarter. Finally, Hardy Reed LLC increased its holdings in EOG Resources by 3.8% in the 1st quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock valued at $325,000 after buying an additional 82 shares during the period. Institutional investors own 89.91% of the company’s stock.

More EOG Resources News

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

• Positive Sentiment: Quarterly earnings beat expectations: EOG reported adjusted earnings of $5.07 per share, ahead of the $4.97 consensus estimate. Revenue rose 57.4% year over year to $8.62 billion, supported by higher oil prices and a 24.4% increase in production. Net income more than doubled, while strong free cash flow reinforces the company’s ability to fund growth and return capital. EOG Q2 Earnings Beat Estimates on Higher Volumes & Prices
• Positive Sentiment: UAE exploration is progressing well: EOG highlighted positive results from UAE wells, potentially opening an additional international growth avenue. Management emphasized selective development, cost discipline and flexibility rather than pursuing growth at any price. EOG Q2 Earnings Call Highlights UAE Progress & Cost Discipline
• Positive Sentiment: Longer-term inventory and shareholder-return outlook improved: EOG’s expanded Austin Chalk position is expected to add roughly a year of drilling inventory. The company also declared a quarterly dividend of $1.02 per share, equivalent to $4.08 annually and an approximately 3.0% yield. EOG Accumulates Austin Chalk Position
• Neutral Sentiment: 2026 spending plan balances growth and capital discipline: EOG plans approximately $6.5 billion in capital expenditures to target 5% oil production growth while advancing UAE appraisal work. The plan supports expansion, but investors will monitor whether spending delivers attractive returns amid changing commodity prices. EOG 2026 Plan
• Neutral Sentiment: Analyst view improved, but conviction remains limited: Truist raised its price target from $134 to $153 while maintaining a “hold” rating, implying additional valuation upside but signaling that the firm does not yet recommend buying aggressively.

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.