EOG Resources price target raised to $147 from $144 at Piper Sandler

Piper Sandler raised the firm’s price target on EOG Resources (EOG) to $147 from $144 and keeps a Neutral rating on the shares. The firm is adjusting its FY26 estimates heading into Q1 2026 result season. The company cautioned that higher cash taxes should be expected driven by the stronger FY26 crude strip, while the benefit of JKM gas exposure is expected to show up in Q2. EOG does not expect to change FY26 plans despite the stronger price environment and also expects to be more opportunistic with the buyback.