Barclays Lowers EOG Resources (EOG) PT to $136, Cites Broader Oil and E&P Sector Cuts

Core Insights - EOG Resources Inc. is currently considered one of the best value stocks to invest in, despite a recent price target downgrade by Barclays from $140 to $136 while maintaining an Equal Weight rating [1][3] Financial Performance - In Q2 2025, EOG Resources reported an adjusted net income of $1.3 billion, or $2.32 per share, compared to a GAAP net income of $1.345 billion, or $2.46 per share, supported by total revenue of $5.478 billion, which represents a 9.08% year-over-year decline [2] Production Metrics - EOG's production volumes for the quarter exceeded guidance midpoints across all commodities, with total Crude Oil Equivalent production averaging 1,134.1 MBoed, surpassing the midpoint of 1,114.8 MBoed. This included Crude Oil and Condensate volumes of 504.2 MBod, NGLs volumes of 258.4 MBbld, and Natural Gas volumes of 2,229 MMcfd [3]