Piper Sandler Lowers EOG Price Target to $124, Maintains Neutral Rating

Core Insights - EOG Resources, Inc. is recognized as one of the 15 Best Stocks to Buy for the Medium Term [1] - Piper Sandler has reduced its price target for EOG from $129 to $124 while maintaining a Neutral rating, citing solid sector performance but concerns about the broader oil macro environment [2] - EOG reported Q3 2025 revenue of $5.85 billion, a nearly 2% decline year-over-year, with adjusted net income of $1.5 billion or $2.71 per share [2] Financial Performance - EOG generated $1.4 billion in free cash flow during Q3 2025 [2] - The company paid $545 million in regular dividends and repurchased $440 million worth of shares [2] - Oil, gas, and NGL volumes exceeded guidance midpoints, supported by higher volumes and lower-than-expected per-unit cash operating costs and DD&A [3] Company Overview - EOG Resources, Inc. is an independent oil and gas producer focused on exploring, developing, producing, and marketing crude oil, natural gas, and natural gas liquids [3]