EOG Resources (EOG) Price Target Cut by $18

The share price of EOG Resources, Inc. (NYSE:EOG) fell by 2.34% between December 31, 2025, and January 7, 2026, putting it among the Energy Stocks that Lost the Most This Week.

EOG Resources, Inc. (NYSE:EOG) is one of the largest crude oil and natural gas exploration and production companies in the United States, with proved reserves in the US and Trinidad.

On January 5, Bernstein analyst Bob Brackett trimmed the firm’s price target on EOG Resources, Inc. (NYSE:EOG) from $144 to $126, while keeping a ‘Market Perform’ rating on the shares. The revised target still indicates an upside of almost 23% from the current share price. The analyst believes that 2026 will be a ‘transitional year’ for shale operators such as EOG, as shale production is expected to plateau and then decline. This will lead producers to assume various risks as they seek to replace inventory, including acquisition, exploration, and geopolitical risks. Bernstein has begun the new year with a balanced view for oil, expecting rough times in the near term but more strength later.

EOG Resources, Inc. (NYSE:EOG) has also come under pressure from the recent fall in global crude oil prices. Ann Janssen, the finance chief of EOG, stated on January 7 that the decline is driven by oversupply and the prospect of higher production from Venezuela and could persist for several more quarters.

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Disclosure: None.