Barclays lowered the firm’s price target on EOG Resources to $137 from $144 and keeps an Equal Weight rating on the shares. The firm changed estimates in the integrated oil and exploration and production group to reflect a reduction in oil price forecasts of $10 per barrel in 2025 and $5 in 2026. With the recent sector pullback, the risk/rewards are skewed to the upside for stocks as company fundamentals and operational momentum remain solid, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EOG:
- EOG Resources price target lowered to $135 from $140 at Wells Fargo
- EOG Resources price target lowered to $145 from $150 at Evercore ISI
- EOG Resources price target lowered to $115 from $130 at Truist
- EOG Resources price target lowered to $132 from $134 at Morgan Stanley
- EOG Resources price target lowered to $148 from $156 at Mizuho