Mizuho Reduces PT on EOG Resources (EOG) Stock

EOG Resources, Inc. (NYSE:EOG) is one of the Most Promising Energy Stocks According to Wall Street Analysts. On September 15, Mizuho analyst Nitin Kumar reduced the price target on the company’s stock to $133 from $140, while keeping a “Neutral” rating. Notably, the firm expects a positive skew in gas prices over the upcoming 12 months. As per the analyst, while oil stocks continue to price in the current strip, the gas stocks provide a 10%-15% discount on the basis of implied commodity prices. Notably, EOG Resources, Inc. (NYSE:EOG) delivered healthy Q2 2025 results, with oil, gas, and NGL volumes surpassing the midpoints of its guidance.

EOG Resources, Inc. (NYSE:EOG) highlighted that expansion of its portfolio via the Encino acquisition, an entry into Bahrain and the UAE, and robust exploration progress throughout its domestic portfolio and in Trinidad, significantly enhanced its industry-leading asset base. EOG Resources, Inc. (NYSE:EOG) continues to improve its resource base. With the closing of its Encino acquisition, the Utica is well-positioned as a foundational asset for EOG Resources, Inc. (NYSE:EOG).

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Disclosure: None. This article is originally published at Insider Monkey.