Piper Sandler Reduces PT on EOG Resources (EOG) Stock

EOG Resources, Inc. (NYSE:EOG) is one of the Best Bargain Stocks to Buy in November. On October 21, Piper Sandler reduced the price target on the company’s stock to $129 from $136, while keeping a “Neutral” rating, as reported by The Fly. Heading into Q3 2025 earnings, the conversations around E&P are focused on improvement in intermediate-term oil sentiment, the secular gas demand story supported by the power and data center, FY 2026 outlook on capital efficiency, and anticipations for the continued M&A, among other factors. Notably, the firm is adjusting estimates for its E&P coverage.

In a separate release, it was mentioned that the expansion of EOG Resources, Inc. (NYSE:EOG)’s portfolio via Encino acquisition, entry into Bahrain and the UAE, and healthy exploration progress throughout the domestic portfolio and in Trinidad, significantly enhanced its industry-leading asset base. EOG Resources, Inc. (NYSE:EOG) continues to improve its resource base while, at the same time, also maintaining one of the strongest balance sheets in the broader industry.

While we acknowledge the potential of EOG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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