EOG Resources: Strong Financial Performance and Strategic Positioning Drive Buy Rating

Analyst Roger Read from Wells Fargo maintained a Buy rating on EOG Resources (EOG – Research Report) and increased the price target to $149.00 from $148.00.

Roger Read has given his Buy rating due to a combination of factors that highlight EOG Resources’ strong financial performance and strategic positioning. The company is expected to deliver solid execution in Q2’25, with robust cash returns driven by capital discipline and enhanced gas optionality through the Encino acquisition. This acquisition supports EOG’s industry-leading shareholder returns and balance sheet flexibility.
Additionally, EOG’s proactive capital management, including a significant share buyback program and a commitment to returning nearly 100% of free cash flow to shareholders, underscores its focus on maximizing shareholder value. Despite macroeconomic volatility, EOG remains committed to its strategic plan, including the development of its Utica asset, which is expected to enhance its production capabilities. These factors, along with a slightly increased price target, underpin Roger Read’s Buy rating for EOG Resources.

In another report released on June 18, Roth MKM also maintained a Buy rating on the stock with a $140.00 price target.

Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EOG in relation to earlier this year.