Piper Sandler Raises EOG Resources, Inc. (EOG) Price Target to $127

EOG Resources, Inc. (NYSE:EOG) is among the 14 Best Oil and Gas Dividend Stocks to Buy Right Now.

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 March 5, Piper Sandler upped its price target on EOG Resources, Inc. (NYSE:EOG) from $123 to $127, but maintained its ‘Neutral’ rating on the shares. The updated target comes amid the Middle East war, which has led to Iran closing down the Strait of Hormuz and putting around a fifth of the global oil, product, and natural gas supply at risk. While the rising tensions have overshadowed the recent Q4 results and FY 2026 outlook, Piper does not expect many changes from the US operators.

EOG Resources, Inc. (NYSE:EOG) posted strong results for its Q4 2025 on February 25, with the firm beating estimates in both earnings and revenue. The company is targeting to deliver a free cash flow of approximately $4.5 billion in 2026, with its breakeven price to cover the year’s capital program and regular dividend standing at $50 WTI. It needs mentioning that the Middle East conflict has pushed the WTI crude oil futures to around $80 per barrel, providing a significant FCF growth opportunity for operators like EOG.

EOG Resources, Inc. (NYSE:EOG) boasts an impressive annual dividend yield of 3.19%, putting it among the 11 Best Energy Stocks to Buy for Dividends in 2026.

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