EOG Resources stock gets a higher Truist target ahead of results

Published on 10/04/2026 at 18:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EOG Resources stock closed at USD 141.38 on October 2, 2026, while Truist lifted its target to USD 160. Q2 revenue reached USD 8.62 billion.

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EOG Resources stock (ISIN US26875P1012) closed at USD 141.38 on the NYSE on October 2, 2026, after Truist raised its price target from USD 153 to USD 160. The move puts the target 13.17 percent above the closing price and arrives before EOG's next quarterly report.

Truist lifts target to USD 160

According to MarketBeat on October 2, 2026, Truist Financial retained its Hold rating and lifted the target to USD 160 from USD 153. The brokerage tied the change to its valuation of commodity prices, while the target remains below the analyst consensus high of USD 193.

The broader view is more measured than the target increase suggests. MarketBeat lists a Hold consensus from 30 analysts, including 1 Strong Buy, 11 Buy and 18 Hold ratings, with an average target of USD 158.37.

Q2 revenue rose 57.4 percent

EOG's operating picture provides the fundamental support for the analyst debate. In its latest reported quarter, Q2 2026, the company generated revenue of USD 8.62 billion and adjusted EPS of USD 5.07, according to MarketBeat. Revenue increased 57.4 percent from the same quarter a year earlier, while adjusted EPS exceeded the USD 4.97 consensus by USD 0.10.

The gap between the stock and the earnings figures is important for the next valuation step. EOG's quarterly net income reached USD 2.72 billion in Q2 2026, compared with USD 1.35 billion in the prior-year quarter, giving investors a stronger profit base alongside the higher commodity assumptions behind Truist's target.

Results date and dividend checkpoint

EOG's next report is scheduled for November 5, 2026, after market close, according to Stock Analysis. The shares also carry a USD 1.02 dividend with an October 16, 2026 ex-dividend date, as listed by Yahoo Finance.

Stock stays below yearly high

EOG's closing price of USD 141.38 on October 2, 2026, stood below its 52-week high of USD 154.16 and above its 52-week low of USD 101.59. The same quote showed a market capitalization of USD 75.3 billion and volume of 3,592,737 shares, keeping the valuation discussion centered on earnings delivery and commodity exposure.