J.P. Morgan raises EOG Resources' PT on better exploration strategy

EOG Resources

26/02/2026 11:59

** J.P. Morgan raises price target on shale producer EOG Resources EOG.N to $125 from $115

** New PT represents premium of 2% on stock's last close

** Brokerage says EOG's exploration strategy to remain core differentiator among its peers, with company actively pursuing both domestic and international opportunities to enhance its inventory quality and returns

** Sees Delaware well productivity holding broadly steady year-on-year, as co-development across more landing zones may lower per-foot metrics but is viewed as preserving well economics

** 18 of 34 brokerages rate stock at "buy" or higher and 16 "sell"; median PT is $133.50 - data compiled by LSEG

** In 2025, EOG was down 14.3%

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))