Bernstein Raises its Price Target on EOG Resources (EOG) to $167 from $126

EOG Resources, Inc. (NYSE:EOG) is one of the 10 Most Profitable S&P 500 Stocks to Buy Now.

On March 22, 2026, Bernstein raised the price target on EOG Resources, Inc. (NYSE:EOG) to $167 from $126 and maintained a Market Perform rating after updating models to reflect current crude prices and crack spreads. Bernstein said geopolitical risks remain elevated, noting that conflicts that extend beyond the near term can last for years, and added that, given the “uncertainty and right tail risk,” increasing exposure to energy remains a consideration.

On March 20, 2026, JPMorgan raised its price target on EOG Resources to $145 from $125 and maintained a Neutral rating, stating that oil market fundamentals have “shifted on a dime” following the Middle East conflict. The firm said supply disruptions have reduced global productive capacity and removed concerns of a near-term supply glut, with the potential for a $5 to $10 per barrel geopolitical risk premium to be embedded in longer-term oil prices.

Mizuho also raised its price target on EOG Resources, Inc. (NYSE:EOG) to $146 from $134 and kept a Neutral rating, increasing its 2026 oil price outlook by 14% to $73.25 while noting that it remains too early to determine whether higher prices will be sustained, though the bias is likely upward.

EOG Resources, Inc. (NYSE:EOG) explores, develops, and produces crude oil, natural gas liquids, and natural gas across multiple regions.

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