EOG Resources (EOG) Stock Receives $179 Price Target

By Amit Chowdhry ● Nov 23, 2022
  • The shares of EOG Resources (EOG) recently received a $179 price target. These are the details.

The shares of EOG Resources (EOG) recently received a $179 price target.

Price target: Increased from $165 to $179

Rating: Overweight

Analyst firm: Piper Sandler

Piper Sandler analysts adjusted the rating while updating exploration and production models and fiscal 2023 outlooks following the third quarter results. And while the group has stuck with disciplined allocation and continues to prioritize capital return, increased service costs are driving incremental capital expenditures in the fourth quarter and next year.