EOG Resources, Inc.

(New York Stock Exchange)
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Slightly Bullish +25

Stonex reiterates Hold on EOG Resources stock after tax guidance

Earnings report Guidance raised AI-generated analysis

πŸ“ˆ EOG Resources raised its third-quarter tax expense guidance to USD 835 million-935 million due to higher crude oil prices.

πŸ“‰ Stonex reiterated a Hold rating on EOG Resources, citing valuation concerns and the elevated tax guidance midpoint.

πŸ’° Stonex lifted its Q3 EBITDA forecast for EOG Resources to USD 4.29 billion from USD 3.5 billion.

🏦 Barclays maintained a Hold rating with a USD 147.00 price target on EOG Resources stock.

πŸ“… EOG Resources has an ex-dividend date of October 16, 2026, for a quarterly dividend of USD 1.02.

πŸ“Š EOG Resources reported second-quarter revenue of USD 8.62 billion, up 57.4% year over year.

πŸ’΅ EOG Resources stock is trading at EUR 138.08 with a market cap of USD 80.9 billion.

πŸ“‰ The company's 52-week trading range spans from USD 101.59 to USD 154.88.

Bullish Signals
  • EOG Resources raised its third-quarter tax expense guidance to USD 835 million-935 million, reflecting higher realized crude oil prices.
  • Analysts lifted the third-quarter EBITDA forecast for EOG Resources to USD 4.29 billion from USD 3.5 billion.
  • The company reported strong second-quarter revenue of USD 8.62 billion, representing a 57.4% year-over-year increase.
Risk Factors
  • Stonex reiterated a Hold rating on EOG Resources due to valuation concerns and the difficulty of justifying the higher tax guidance midpoint.
  • Barclays maintained a Hold rating with a USD 147.00 price target, indicating limited upside in current market conditions.
Full Analysis
EOG Resources raised its third-quarter tax expense guidance to a range of USD 835 million to USD 935 million on October 8, 2026, up from the previous estimate of USD 545 million to USD 645 million. The company attributed this increase to higher realized crude oil prices during the quarter and expects similar price levels for the full year, while maintaining its other guidance ranges unchanged. Following the earnings update, analyst firm Stonex reiterated a Hold rating on EOG Resources stock on October 13, 2026. While Stonex lifted its third-quarter EBITDA forecast to USD 4.29 billion from USD 3.5 billion, the firm cited valuation concerns and the difficulty of justifying the elevated tax guidance midpoint as the primary reasons for maintaining the neutral stance. Other market participants also maintained a cautious outlook; Barclays assigned a Hold rating with a USD 147.00 price target on October 12, 2026. EOG Resources is currently trading at approximately EUR 138.08, with a market capitalization of USD 80.9 billion and a 52-week range between USD 101.59 and USD 154.88. Looking ahead, investors will watch for the company's third-quarter results release on November 6, 2026, and its ex-dividend date of October 16, 2026, which is tied to a quarterly dividend of USD 1.02. The stock recently reported second-quarter revenue of USD 8.62 billion, representing a significant 57.4 percent year-over-year increase.