NYSE: EOG

EOG Resources (EOG) Stock Analysis & Forecast

Nov 4 close

$147.06−8.11 (−5.2%)

Gekko Brief

AI summaryNov 4 close

EOG heads into its third-quarter 2026 earnings report, due 5 November, with analysts expecting adjusted earnings per share of $4.45. Ahead of the release, the company has reaffirmed its 2026 oil and total production growth targets along with its capital spending outlook. Separate commentary has pointed to continued progress in the Encino Utica area as a focus for investors, alongside a declared third-quarter dividend of RUSD 0.379 per unit, payable 6 November. Form 4 filings disclosed trading activity by EVP and COO Jeffrey R. Leitzell and director C. Christopher Gaut, both for 30 October.

EOG closed at $147.06, down 5.2%, sitting between its 50-day average of $149.25 and 200-day average of $137.76, with one-month, three-month and six-month returns of 1.9%, 8% and 9.2% respectively, and a one-year return of 39.2%. The GekkoIndex reads 61.5, placing the stock in the Accumulation zone, up 15.2 points over five readings. The gap to Gekko Fair Value of $201.61 stands at -27.1%.

Earnings arrive 5 November, inside the next 20-trading-day window, after a prior quarter that saw adjusted EPS of $5.07 against a $5.01 estimate but a -7.9% reaction. Over eight quarters EOG has beaten estimates eight times, with an average absolute move of 3.4% on reporting days. Seasonality over five years shows the next 20 trading days averaging -0.4%, positive in 2 of those years. Analyst consensus across 20 firms carries a $167.14 target, implying 13.7% upside from current levels, with 10 buy and 10 hold ratings and no sell ratings recorded.

Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.

EOG Resources price vs fair value

▲$201.61$147.06Nov ’25May ’26Nov ’26
Close $147.06200-day averageGekko Fair Value $201.61

EOG Resources quick facts

Market cap
$77.14B
P/E ratio
12.3
Forward P/E
10
EPS, TTM
$12.85
Revenue, TTM
$26.72B
Profit margin
25.7%
Dividend yield
2.46%
Beta
0.27
Volume
5.10M avg 2.78M
1-year return
+39.2%
Typical daily move
±3.1%
Typical 20-day move
±5.2%
50-day average
$149.25
200-day average
$137.76
Next earnings
Nov 5
Shares outstanding
524.5M
52-week range
$101.59$165.93

EOG Resources swing-trade checklist

EOG Resources scores 2 supportive, 1 mixed and 2 headwinds across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

2 supportive1 mixed2 headwinds

  • Trendmixed

    Averages disagree

    Close $147.06 sits between the 50-day ($149.25) and 200-day ($137.76) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    61.5, Accumulation

    Reading 61.5 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    27.1% below

    Price is 27.1% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings riskheadwind

    Reports today

    Reports on Nov 5, 2026, today — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalityheadwind

    −0.4% on average

    From this point in the calendar, the next 20 trading days averaged −0.4% over 5 years, rising in 2 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

EOG Resources stock chart and price history

EOG Resources closed at $147.06 on Nov 4, 2026, +39.2% over the past year, inside a 52-week range of $101.59 to $165.93.

Close50-day average200-day averageVolume
EOG Resources share price, past year, with 50-day and 200-day moving averages and volume$100$120$140$160DecJan 2026FebMarAprMayJunJulAugSepOct147.06

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+1.9%
3 months
+8.0%
6 months
+9.2%
1 year
+39.2%
The full EOG chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open EOG in Gekko

Follow EOG Resources through every session

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About EOG Resources

EOG Resources hunts for underground deposits of oil and gas, then works to bring those reserves into production across sites in the United States, Trinidad and Tobago, and additional countries abroad. Once extracted, its output includes crude oil, condensate, natural gas liquids and natural gas itself. The company built its identity around this cycle of locating, drawing out and selling petroleum resources, and it traces its roots back to a business once called Enron Oil & Gas Company.

Beyond pulling hydrocarbons from the ground, EOG Resources also moves its raw output through gathering systems, runs processing steps on it, and handles the eventual sale of these commodities to buyers. This means the company covers both the extraction side of the energy chain and much of what happens to the product afterward, rather than relying solely on outside partners for those later stages.

The company dates back to its incorporation in 1985 and runs its operations from a home base in Houston, Texas. Investors can find its stock listed on the NYSE under the ticker EOG.

Listed
NYSE
Sector
Energy minerals
Industry
Integrated oil
Website
eogresources.com

EOG Resources GekkoIndex: the smart money zone

EOG Resources’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 61.5, in the Accumulation zone, up 15.2 points over five sessions.

010061.5Accumulation

Up 15.2 points over five sessions, from the Neutral zone.

Reading for Nov 4, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying24+1.9%+2.5%+4.9%+7.9%
Accumulation (current zone)238+1.3%+2.4%+3.0%+5.0%
Neutral399−0.3%−0.4%0.0%+0.8%
Distribution35+0.3%−0.1%−0.2%−0.8%
Selling1Too few readings yet

Average EOG share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.0% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the EOG price, zone by zone.Track EOG in Gekko

Is EOG Resources stock overvalued? Gekko Fair Value

EOG Resources trades 27.1% below Gekko Fair Value of $201.61, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what EOG Resources shares are worth, recalculated every trading day.

$201.61

Gekko Fair Value, Nov 4, 2026

27.1% Undervalued

At the end of Aug 2026 the price was 29.5% below the estimate.

Gekko Fair ValueShare price, month end
$202$155Aug 2026SepOctNov 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open EOG in Gekko

EOG Resources insider and Congress trading

No open-market insider purchases were filed for EOG Resources, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for EOG in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every EOG insider filing, plotted on the chart in Gekko.Open EOG in Gekko

Congress trades last 90 days

No trades in EOG were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for EOG, plotted on the chart in Gekko.Open EOG in Gekko

Buybacks

EOG Resources has been buying back its own shares.

Latest authorization
$10.00B, May 21, 2026
Bought back, quarter ended Jun 30, 2026
$1.30B
As a share of market cap
1.68%
Trailing four quarters
$2.87B

From company filings.

EOG Resources earnings: next date and track record

EOG Resources reports on Nov 5, 2026 (today), and beat the EPS estimate in 8 of its last 8 reports.

8 of 8reports beat the EPS estimate
±3.4%average move across the report
4 of 8reports followed by a gain

Share-price move across each report

+5.3%Nov ’24−7.7%Feb ’25+0.5%May ’25−0.3%Aug ’25+0.2%Nov ’25+0.2%Feb ’26−4.9%May ’26−7.9%Aug ’26

Last earnings call, Aug 4, 2026 AI summary

What they said
EOG Resources’ Q2 2026 earnings call emphasized record financial performance, strong operational execution, exploration successes (notably in the UAE and Austin Chalk), disciplined capital returns and a robust balance sheet. Management highlighted record adjusted EPS of $5.07, adjusted cash flow from operations per share of $8.29, and $2.8 billion free cash flow. They returned just over $1.8 billion to shareholders via dividend and $1.3 billion in buybacks and reiterated a commitment to return at least 70% of annual free cash flow to shareholders in 2026. Operationally, LOE and GP&T were lower-than-expected and volumes were above guidance midpoint; capex came in below midpoint due to timing shifts. Management discussed international exploration, particularly promising initial UAE wells (early results align with Eagle Ford analogs), a 3-year exploration phase with JV structures, and the need to validate repeatability and service availability. Announced addition of ~60,000 acres in Austin Chalk with attractive economics and 125 remaining 2-mile locations; Delaware and Utica performance and growth drivers discussed. Management maintained 2026 plan and capital guidance ($6.5B), expecting 5% oil production growth and 14% total production growth for 2026, WTI breakeven below $50, and $8B free cash flow at strip pricing using guidance midpoints. They emphasized capital discipline, high-quality execution, and peer-leading balance sheet providing optionality.
Guidance
Management reiterated 2026 plan and capital guidance: capital expenditures $6.5 billion unchanged; expected 5% oil production growth and 14% total production growth for full year 2026. At strip pricing and using guidance midpoints, their 2026 plan generates $8 billion in free cash flow. They reiterated commitment to return at least 70% of annual free cash flow to shareholders in 2026. They stated WTI breakeven below $50 per barrel. No specific 2027 guidance provided; they referenced a 3-year scenario assuming low single-digit oil growth and a WTI range of $60–$80 for planning.
Risks flagged
Risks mentioned include geopolitical conflict impacting operations in Bahrain and the broader Middle East (safety of employees/contractors), service industry maturity and availability in international markets, potential volatility in gas storage/demand, egress/infrastructure constraints in Canada and the Permian (midstream bottlenecks historically), and general macro/commodity price uncertainty. Also, exploration-phase uncertainties in UAE and Bahrain regarding repeatability and long-term performance. Standard SEC/forward-looking statement legal caveats were noted.
ReportedEPSSurpriseRevenueSurpriseMove
Aug 4, 2026$5.07
est $5.01
+1.2%$8.62B
est $8.04B
+7.1%−7.9%
May 5, 2026$3.41
est $3.21
+6.2%$6.92B
est $6.18B
+11.9%−4.9%
Feb 24, 2026$2.27
est $2.20
+3.2%$5.64B
est $5.77B
−2.2%+0.2%
Nov 6, 2025$2.71
est $2.46
+10.2%$5.73B
est $5.97B
−4.0%+0.2%
Aug 7, 2025$2.32
est $2.23
+4.0%$5.37B
est $5.45B
−1.4%−0.3%
May 1, 2025$2.87
est $2.77
+3.6%$5.84B
est $5.90B
−1.1%+0.5%
Feb 28, 2025$2.74
est $2.57
+6.8%$5.65B
est $5.96B
−5.2%−7.7%
Nov 8, 2024$2.89
est $2.77
+4.3%$5.87B
est $6.00B
−2.2%+5.3%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

EOG Resources stock forecast and analyst price targets

Analysts’ average 12-month price target for EOG Resources is $167.14, +13.7% from the last close, from 20 firms rating the stock in the last 90 days.

$167.14consensus 12-month target, +13.7% from the last close
Low $138High $213
Buy10
Hold10
Sell0

Each firm’s latest rating in the last 90 days: 20 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Oct 20SusquehannaBuy, maintained$187+27.2%
Oct 19Siebert Williams Shank & CoBuy, maintained$213+44.8%
Oct 16BarclaysHold, maintained$1470.0%
Oct 15Mizuho SecuritiesBuy, maintained$165+12.2%
Oct 15Morgan StanleyHold, reiterated$157+6.8%
+3.0%average 20-day move after past Accumulation readings
−0.4%average move over the next 20 trading days in the last 5 years
±3.1%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

EOG Resources seasonality: the next 20 trading days

Over the next 20 trading days from Nov 4, EOG Resources averaged −0.4% across the last 5 years, rising in 2 of them.

Next 20 trading days, by year

−5.4%2021−5.7%2022−3.5%2023+7.2%2024+5.9%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+3.2%4 of 5
Next 10 trading days+1.9%2 of 5
Next 15 trading days−0.8%2 of 5
Next 20 trading days−0.4%2 of 5
Next 30 trading days−4.9%1 of 5

For scale, EOG’s typical 20-trading-day move in either direction is about 5.2%.

EOG Resources market cap and key statistics

EOG Resources’s market cap is $77.14B, with a P/E ratio of 12.3 and revenue of $26.72B over the last twelve months.

Valuation

Market cap
$77.14B
P/E ratio
12.3
Forward P/E
10
EPS, TTM
$12.85
Gekko Fair Value
$201.61

Trading

Volume
5.10M
Avg volume, 20 days
2.78M
52-week high
$165.93
52-week low
$101.59
Shares outstanding
524.5M

Financials

Revenue, TTM
$26.72B
Profit margin
25.7%
Return on equity
22.5%
Quarterly earnings growth, YoY
+109.4%

Risk and income

Beta
0.27
Typical daily move
±3.1%
Typical 20-day move
±5.2%
Dividend yield
2.46%

EOG Resources peers

EOG Resources’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
XOMExxon Mobil−2.8%Neutral10.4% above
CVXChevron−2.5%Neutral4.7% above
TTETotalEnergies−2.8%Neutral31.5% below
CNQCanadian Natural Resources−6.0%Accumulation23.9% below
SUSuncor Energy−2.7%Accumulation23.7% below
IMOImperial Oil−4.5%Accumulation3.1% above

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

More stocks in Integrated oil

EOG Resources stock FAQ

What is EOG Resources’s market cap?

EOG Resources’s market cap is $77.14B at the Nov 4, 2026 close of $147.06, with 524.5M shares outstanding. The shares trade on a P/E ratio of 12.3.

What is the EOG Resources stock forecast?

The consensus analyst 12-month price target for EOG Resources is $167.14, +13.7% from the last close. Of the 20 firms that rated the stock in the last 90 days, 10 rate it a buy, 10 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is EOG Resources stock overvalued or undervalued?

On Gekko’s estimate EOG Resources is undervalued: the Nov 4, 2026 close of $147.06 is 27.1% below Gekko Fair Value of $201.61. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does EOG Resources report earnings next?

EOG Resources is expected to report on Nov 5, 2026 (today). Analysts expect earnings of $4.47 per share on revenue of $7.26B. EOG Resources beat the earnings estimate in 8 of its last 8 reports, moving 3.4% on average across the report.

What is EOG Resources’s 52-week high and low?

EOG Resources’s 52-week high is $165.93 and its 52-week low is $101.59; it closed at $147.06 on Nov 4, 2026, +39.2% over the past year.

Is EOG Resources stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 5 items with data read as supportive (gekkoindex and fair value), 1 as mixed (trend) and 2 as headwinds (earnings risk and seasonality). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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