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EOG Resources (EOG) Price Target Trimmed by $8

EOG Resources, Inc. (NYSE:EOG) is included among the 12 Most Undervalued Natural Gas Stocks to Buy 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 April 15, Citi analyst Scott Gruber reduced the firm’s price target on EOG Resources, Inc. (NYSE:EOG) from $150 to $142, while maintaining a ‘Neutral’ rating on the shares. The trimmed target still reflects an upside potential of over 7% from the current share price.

EOG Resources, Inc. (NYSE:EOG) expects to deliver a free cash flow of approximately $4.5 billion in FY 2026, with its breakeven price to cover the year’s capital program and regular dividend standing at $50 WTI. However, the supply disruptions amid the Middle East conflict sent the global crude oil prices soaring to multi-year highs, providing a significant FCF boost for operators like EOG.

Heartland Advisors, an investment management company, stated the following regarding EOG Resources, Inc. (NYSE:EOG) in its Q1 2026 investor letter:

“Energy. One of our top contributors in the quarter was EOG Resources, Inc. (NYSE:EOG), a Quality Value oil and gas producer. EOG is a low-cost, high-return operator in a tough business. Before the Iran conflict escalated, EOG shares rose after the company disclosed additional details that quelled concerns regarding well productivity in its Permian Basin footprint and provided evidence of ample remaining low-cost inventory. Meanwhile, EOG continues to reach new milestones in its portfolio of attractive domestic and international growth assets. This is all happening while the company is aggressively returning cash to shareholders via dividends and share repurchases.

Geopolitical factors have certainly helped turbocharge EOG shares recently, along with the broader oil and gas industry. However, compared to other upstream energy producers, we are most intrigued by the company’s elite track record in exploration and development combined with tangible evidence that it is repeating a similar playbook to what built the company into a premier operator. Even after the recent run, shares trade at just 6x EV/EBITDA.”

While we acknowledge the risk and potential of EOG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EOG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 14 Best Energy Infrastructure Stocks to Buy Now and 15 Best Blue Chip Stocks to Buy Now.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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