EOG Resources (EOG) Price Target Lowered by $7

EOG Resources, Inc. (NYSE:EOG) is included among the 11 Best Energy Stocks to Buy for Dividends in 2026.

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 16, Scotiabank analyst Paul Cheng lowered the firm’s price target on EOG Resources, Inc. (NYSE:EOG) from $130 to $123, but kept its ‘Sector Perform’ rating on the stock. The revision comes as the analyst firm updated its price targets on the US Integrated Oil, Refining, and Large Cap E&P stocks under its coverage. Scotiabank is expecting Q4 earnings to be fairly straightforward, since there were no major weather disruptions this winter.

EOG Resources, Inc. (NYSE:EOG) suffered another blow on the same day when KeyBanc downgraded the stock from ‘Overweight’ to ‘Sector Weight’, without assigning it a price target. The downgrade comes on degradation concerns, as the analyst sees ‘clear signs’ of degradation in both the Eagle Ford and Delaware Basin and a significant decline in activity at Eagle Ford. Given the current low-priced environment in oil and the high volatility in natural gas, KeyBanc has kept a more selective view of the sector as we enter 2026.

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Disclosure: None.