5 Best Large Cap Energy Stocks to Buy Now

In this article, we will take a look at the 5 Best Large Cap Energy Stocks to Buy Now. For a deeper discussion and an extended list, please see the 12 Best Large Cap Energy Stocks to Buy Now.

5. EOG Resources, Inc. (NYSE:EOG)

Number of Hedge Fund Holders: 59

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 12, Piper Sandler once again raised its price target on EOG Resources, Inc. (NYSE:EOG) from $127 to $144, but maintained its ‘Neutral’ rating on the shares. The updated target comes as the analyst firm increased its price deck.

With the ongoing supply disruption amid the Iran war, Piper Sander has raised its mid-cycle crude price forecast to $75 per barrel from $70 previously. The analyst firm sees lasting supply impacts from the situation in the Middle East and expects the soaring prices to incentivize increased investments in production.

EOG Resources, Inc. (NYSE:EOG) is targeting to generate approximately $4.5 billion in free cash flow in FY 2026. Meanwhile, its breakeven price to cover the year’s capital program and regular dividend is $50 WTI. So the Middle East crisis, which has pushed the WTI crude oil futures to just under $100 per barrel, provides a solid cushion for the company to grow its cash flow while also keeping its strong commitment to shareholders.