EOG Resources (EOG) Price Target Cut by $18

Company Overview - EOG Resources, Inc. (NYSE:EOG) 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] Stock Performance - The share price of EOG fell by 2.34% between December 31, 2025, and January 7, 2026, making it one of the Energy Stocks that Lost the Most This Week [1] Analyst Insights - Bernstein analyst Bob Brackett reduced the price target for EOG from $144 to $126 while maintaining a 'Market Perform' rating, indicating an upside of almost 23% from the current share price [3] - The analyst views 2026 as a 'transitional year' for shale operators like EOG, with expectations that shale production will plateau and then decline, leading to various risks for producers [3] Market Conditions - EOG Resources is facing pressure from a recent decline in global crude oil prices, attributed to oversupply and the potential for increased production from Venezuela, which may persist for several more quarters [4]