EOG trades 16.1% below Wall Street's consensus target of $162.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes EOG achieves its forward estimates and maintains a stable P/E multiple of 8.3x. This scenario reflects the blended consensus of 66 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 23, 2026, EOG Resources, Inc. (EOG) has a Wall Street consensus price target of $162.00, based on estimates from 66 covering analysts. With the stock currently trading at $139.52, this represents a potential upside of +16.1%. The company has a market capitalization of $74.31B.
Analyst price targets range from a low of $134.00 to a high of $193.00, representing a 36% spread in expectations. The median target of $157.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 39 analysts rating the stock as a Buy or Strong Buy,27 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, EOG trades at a trailing P/E of 15.3x and forward P/E of 8.3x. Analysts expect EPS to grow +29.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $217.33, with bear and bull scenarios of $136.92 and $286.35 respectively. Model confidence stands at 51/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 DVNDevon Energy Corporation | $32.9B | $46.93 | $61.93 | +32.0% | Buy | 9.1x | 64 |
 FANGDiamondback Energy, Inc. | $51.9B | $184.50 | $222.36 | +20.5% | Buy | 9.0x | 53 |
 APAAPA Corporation | $15.0B | $42.30 | $45.69 | +8.0% | Hold | 7.0x | 53 |
 CTRACoterra Energy Inc. | $24.7B | $32.56 | $42.00 | +29.0% | Buy | 11.3x | 55 |
 COPConocoPhillips | $152.6B | $125.27 | $152.27 | +21.6% | Buy | 12.1x | 52 |
 OXYOccidental Petroleum Corporation | $56.0B | $56.31 | $70.90 | +25.9% | Buy | 8.9x | 52 |
 SMSM Energy Company | $8.1B | $33.92 | $38.50 | +13.5% | Buy | 4.6x | 54 |
 MTDRMatador Resources Company | $6.4B | $51.86 | $72.45 | +39.7% | Buy | 6.6x | 42 |
 CIVICivitas Resources, Inc. | $2.3B | $27.38 | $63.42 | +131.6% | Hold | 6.8x | 16 |
 HALHalliburton Company | $27.4B | $32.85 | $43.11 | +31.2% | Buy | 14.0x | 64 |
Quick answers to the most common questions about buying EOG stock.
EOG Resources, Inc. (EOG) has a consensus 12-month price target of $162, implying 16.1% upside from $139.52. The 66 analysts covering EOG see moderate appreciation potential.
EOG has a consensus rating of "Buy" based on 66 Wall Street analysts. The rating breakdown is predominantly bullish, with 39 Buy/Strong Buy ratings. The consensus 12-month price target of $162 implies 16.1% upside from current levels.
With a forward P/E of 8.2829x, EOG trades at a relatively low valuation. The consensus target of $162 implies 16.1% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $193 for EOG, while the most conservative target is $134. The consensus of $162 represents the median expectation. Our quantitative valuation model projects a bull case target of $286 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
EOG is heavily covered by Wall Street, with 66 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 38 have Buy ratings, 27 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month EOG stock forecast based on 66 Wall Street analysts shows a consensus price target of $162, with estimates ranging from $134 (bear case) to $193 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $217, with bear/bull scenarios of $137/$286.
Our quantitative valuation model calculates EOG's fair value at $217 (base case), with a bear case of $137 and bull case of $286. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 51/100.
EOG trades at a forward P/E ratio of 8.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 15.3x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on EOG, with a "Buy" consensus rating and $162 price target (16.1% upside). 39 of 66 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
EOG analyst price targets range from $134 to $193, a 36% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $162 consensus represents the middle ground. Our model's $137-$286 range provides an independent fundamental perspective.
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