EOG Resources stock gets a higher Jefferies target

Published on 10/06/2026 at 17:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies lifted its target from USD 175 to USD 185 on October 5, 2026, while retaining Buy. Q2 revenue reached USD 8.62 billion, up 57.4 percent year over year.

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EOG Resources (ISIN US26875P1012) was trading at USD 144.63 on the NYSE on October 6, 2026 at 11:18 a.m. ET, up 0.39 percent from the prior close. Investing.com reported on October 5, 2026 that Jefferies raised its EOG target from USD 175 to USD 185 while keeping a Buy rating.

Jefferies sees higher cash flow

The target increase reflects Jefferies' expectation that EOG will deliver cash flow per share of USD 8.20 in the upcoming period. The firm linked its view to better production, including third-quarter growth in the Utica play, while pointing to weaker productivity in Delaware Basin completions as a counter-factor, according to Investing.com.

The USD 185 target stands 27.9 percent above the October 6 price of USD 144.63. Jefferies also expects EOG's 2027 budget to remain flat year over year while still delivering modest production growth, keeping cost control central to the valuation case.

Consensus remains below the target

MarketBeat lists a Hold consensus from 29 analysts on October 6, 2026. The average twelve-month target is USD 159.12, with a high of USD 193.00 and a low of USD 135.00, putting the average target 10.0 percent above EOG's market price.

The distribution of views is measured rather than uniformly bullish: 18 analysts carry Hold ratings, 10 carry Buy ratings and 1 carries Strong Buy. That balance matters because the average target offers room above the stock, but the consensus label does not signal broad agreement on an immediate rerating.

Q2 revenue rose 57.4 percent

EOG's latest reported quarter supplied the operating backdrop for the debate. In Q2 2026, adjusted earnings reached USD 5.07 per share against a USD 4.97 consensus estimate, while revenue rose 57.4 percent year over year to USD 8.62 billion, according to MarketBeat in its October 2, 2026 report.

The same report states that EOG declared a quarterly dividend of USD 1.02, with October 16, 2026 as the ex-dividend date. StockAnalysis lists November 5, 2026 as the next confirmed earnings date.

EOG Resources stock stays below its high

The session range was USD 142.78 to USD 145.07, with an opening price of USD 143.16 and volume of 454,424 shares. EOG Resources stock therefore remained USD 9.53 below its 52-week high of USD 154.16, while its 52-week low stood at USD 101.59.