EOG Resources Soars 5.32% on Strategic Acquisitions

On June 13, 2025, EOG Resources saw a pre-market rise of 5.32%.

EOG Resources, Inc. is an upstream energy company primarily focused on the exploration and production of oil and natural gas. The company's operations span across the United States, China, and Trinidad, with a significant presence in prolific resource areas with substantial reserves of oil and natural gas.

Analysts have provided varying price targets for EOG Resources. Bank of America recently adjusted its price target from $125.00 to $124.00, maintaining a "neutral" rating. Jefferies analyst Lloyd Byrne has a "buy" rating on the stock, with a target price adjusted from $156 to $148. Additionally, a new analyst forecast has set a price target of $135.00 for EOG Resources.

EOG Resources has been actively involved in strategic acquisitions and deals. The company's acquisition of Encino and its Utica deal reflect solid gas demand, which has positively impacted its stock performance. These moves have been noted by analysts as indicative of the company's strong position in the market.

EOG Resources has also been recognized for its dividend performance. The company's forward dividend yield is 3.40%, with an ex-dividend date set for July 17, 2025. This dividend performance, along with the company's strategic acquisitions, has contributed to a positive outlook among analysts.