Barclays Lowers EOG Resources (EOG) PT to $136, Cites Broader Oil and E&P Sector Cuts

EOG Resources Inc. (NYSE:EOG) is one of the best value stocks to invest in now. On October 7, Barclays lowered the firm’s price target on EOG Resources to $136 from $140, while keeping an Equal Weight rating on the shares. This price target was downgraded along with other modest cuts made for 2026 for the oil and exploration & production space.

Earlier in Q2 2025, EOG Resources reported that its adjusted net income (non-GAAP) was $1.3 billion, or $2.32 per share, compared to a GAAP net income of $1.345 billion, or $2.46 per share. This financial performance was supported by total revenue of $5.478 billion, which was modestly down 9.08% year-over-year.

Barclays Lowers EOG Resources (EOG) PT to $136, Cites Broader Oil and E&P Sector Cuts

However, production volumes for the quarter exceeded guidance midpoints across all commodities. Total Crude Oil Equivalent production averaged 1,134.1 MBoed, surpassing the midpoint of 1,114.8 MBoed. This included Crude Oil and Condensate volumes of 504.2 MBod, NGLs volumes of 258.4 MBbld, and Natural Gas volumes of 2,229 MMcfd.

EOG Resources Inc. (NYSE:EOG), together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the US, the Republic of Trinidad & Tobago, and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.