Analyst Reduces Price Target on EOG Resources (EOG)

Company Overview - EOG Resources, Inc. is one of the largest crude oil and natural gas exploration and production companies in the United States, with proved reserves in the US and Trinidad [2] Analyst Ratings and Price Targets - Citi analyst Scott Gruber lowered the price target on EOG Resources from $125 to $115 while maintaining a 'Neutral' rating, expecting limited impact from the dip in Waha gas prices [3] - UBS analyst Josh Silverstein also reduced the price target from $144 to $141, indicating over 35% upside potential from the current share price, while maintaining a 'Buy' rating [5] Market Outlook - The energy sector is expected to perform better in 2026, driven by improving oil and natural gas outlook, cost efficiencies, M&A-driven value creation, emerging OFS opportunities, and attractive valuations [6] - EOG is considered a more defensive stock in the exploration and production space, particularly if oil prices decline further due to a supply glut expected next year [4]