Is Wall Street Bullish or Bearish on EOG Resources Stock?

Company Overview - EOG Resources, Inc. is a leading independent oil and gas company based in Houston, Texas, focusing on efficient exploration, development, and production of hydrocarbons, primarily in key U.S. basins like the Permian Basin, Eagle Ford, and Bakken [1] - The company has a market capitalization of $56.68 billion and emphasizes sustainability while maximizing resource potential and operational efficiency to create long-term shareholder value [2] Stock Performance - EOG's stock has faced challenges, declining by 12.6% over the past 52 weeks and 4.7% over the past six months, with a 52-week high of $138.18 in January, representing a 23.6% decrease from that peak [3] - The stock has underperformed compared to the S&P 500 Index, which gained 19.6% over the past 52 weeks and 20.5% over the past six months, as well as the Energy Select Sector SPDR Fund (XLE), which saw a marginal increase over the same periods [4] Financial Performance - For Q2 of fiscal 2025, EOG reported revenue of $5.48 billion, which is 9.1% lower year-over-year but above the analyst expectation of $5.46 billion; adjusted net income per share was $2.32, lower than the previous year's $3.16 but higher than the expected $2.21 [5] - Following the Encino acquisition, EOG revised its full-year total capital expenditures outlook to a range of $6.2 billion to $6.4 billion [5] Analyst Outlook - Wall Street analysts have a mixed outlook for EOG, expecting a 14.5% year-over-year drop in EPS to $9.93 for fiscal year 2025, but a slight increase of 1.4% to $10.07 in fiscal 2026 [6] - For Q3, EPS is projected to decrease by 15.9% annually to $2.43, although the company has a strong track record of exceeding consensus EPS estimates in the previous four quarters [7]