EOG Resources price target raised to $127 from $126 at Wells Fargo

Wells Fargo raised the firm’s price target on EOG Resources (EOG) to $127 from $126 and keeps an Overweight rating on the shares. The oil macro remains pressured, with downside-skewed fundamentals as rising OPEC supply and strong non-OPEC growth point to a near-term surplus and continued price pressure, Wells notes. Amid a softer macro, the firm favors low-reinvestment, capital-disciplined frameworks, with 2026 plans broadly stable across the group.