IWA Research upgraded EOG Resources to a Buy on July 8, 2026. The firm cited strong financial health and operational excellence as a solid margin of safety. Jefferies maintained its Buy rating and raised its price target from $170 to $175. Jefferies anticipates an oil production beat driven by growth in Utica operations.
Zacks Research increased its Q2 2026 earnings estimate from $4.32 to $4.67 per share. The firm also lifted its full-year 2026 earnings forecast to $15.89 per share. These revisions come ahead of EOG’s Q2 earnings report. Analysts expect updates on exploration activities and the company's ability to deliver shareholder returns through free cash flow.