EOG Resources, Inc. (NYSE:EOG) is one of the Undervalued Stocks with Biggest Upside Potential. On December 15, Leo Mariani from Roth MKM reiterated a Hold rating on the stock with a $114 price target. Earlier on December 12, Josh Silverstein from UBS reiterated a Buy rating on EOG Resources, Inc. (NYSE:EOG), but lowered the price target from $144 to $141.
Leo Mariani of Roth MKM noted that they expect the next few quarters to be soft for the oil sector. Despite a cautious view on the sector, the analyst noted that EOG Resources, Inc. (NYSE:EOG) is optimistic on the natural gas market in 2026 and expects to deliver higher prices. Moreover, the company also raised its preliminary fiscal 2026 organic volume slightly up from the previously flat outlook.
On the other hand, Silverstein has a more optimistic view of the energy sector. He sees the sector as strongly positioned to perform well in 2026, driven by improved oil and natural gas outlook, emerging OFS opportunities, attractive valuations, and M&A-driven value creation among other factors.
That said, earlier on December 3, Raymond James had also maintained a Buy rating on EOG Resources, Inc. (NYSE:EOG) with a $153 price target. The analyst noted that the company exceeded expectations on most of its operating metrics during the fiscal Q3 2025. He added that the company’s total production exceeded expectations by 2%, along with oil volumes remaining in-line with the firm’s expectations. The firm also likes the 5% increase in free cash flow guidance for 2025, which is driven by lower operating costs of $10.10 per barrel of oil equivalent versus the previous cost of $10.35.
EOG Resources, Inc. (NYSE:EOG), a U.S.-based oil and gas producer, operates large-scale shale assets across the Permian, Eagle Ford, Utica, and domestic gas resources.
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Disclosure: None. This article is originally published at Insider Monkey.
