EOG Resources (EOG) Outlook Adjusted as RBC Trims 2026 Oil Assumptions

Core Insights - EOG Resources Inc. (NYSE:EOG) has one of the lowest forward PE ratios among stocks [1] - RBC Capital has reduced its price target for EOG from $145 to $138, maintaining an Outperform rating, due to revised commodity price projections, particularly for oil [1] - The firm now expects WTI crude to average $56 per barrel in 2026, down from a previous estimate of $60.06 per barrel [1] Financial Projections - RBC's earnings per share (EPS) forecast for EOG in 2026 has been lowered to $8.19 from $9.76, and cash flow per share estimates have decreased to $19.05 from $20.79, primarily due to lower oil price assumptions [2] - For 2027, EPS is projected to be $11.43, down from $11.69, and cash flow per share is expected to be $23.07, reduced from $23.44 [2] Company Overview - EOG Resources Inc. engages in the exploration, development, production, and marketing of crude oil, natural gas liquids, and natural gas in the US, Trinidad & Tobago, and internationally [3]