EOG - EOG Resources Inc

NYSE · Energy · Oil & Gas E&P

$135.78

Market Closed

End of day · Apr 28, 2026, 12:00 AM

Active

Resolved

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Bear

About

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.

https://www.eogresources.com

EOG - EOG Resources Inc

Energy

Looking at EOG's chart for the past year, we've seen a pretty wide range. The price was languishing down around 106 to 110 for a long stretch between October and January, but since February it's made a sharp move up, touching a high of about 140 before pulling back a bit to the current 135.78. That's a strong rally in a short period and makes me cautious about chasing it much further right now. I'm leaning bearish here, with a short term target of 119.00. The main reason is that the recent run up seems largely driven by optimism around oil prices, but I don't see the fundamental picture supporting a sustained move above 135. EOG's production discipline is great, but the macro backdrop is still volatile and a lot of good news (like decent realized prices and stable costs) feels priced in after this rally. I also think there's a risk that OPEC headlines or a modest drop in crude could push energy names down. One caveat: the next earnings call could easily shift sentiment if they surprise with a beat or guide higher on production. A positive update on their hedging program or cost controls might keep the bullish trend alive, so that's the main thing I'd watch before getting too aggressive with a bearish stance. Bottom line, after this big move up, I think EOG drifts down to 119.00 over the next 6 weeks unless we get another leg up in oil. If I'm wrong, it'll probably be because of an unexpected catalyst out of the next quarter's results.

Entry

$135.78

Below

$119.00

Jun 9, 2026

Karma

128 to 17864

Bearish

Open

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EOG - EOG Resources Inc

Energy

The past year for EOG has been a real rollercoaster if you look at the chart. It bottomed out around the 105 mark at the end of 2025, then steadily rebounded to a high around 140 just a few weeks ago. Now we’re back in the mid 130s. So I’m not feeling super aggressive here. This is one you want to own for stability, but it’s already had a run. What still looks good? EOG’s balance sheet is in decent shape and the company’s capital discipline is better than most of its peers. They haven’t gone wild on drilling, so there’s less risk of drowning in debt if prices slip. Plus, their cost structure keeps them profitable even if crude sees some weakness. I’d expect their next earnings could show modest growth nothing crazy, but enough to nudge shares a bit higher. But I’m not blind to risk. Oil prices have been choppy and there’s always the chance global demand softens this summer. If that happens, EOG could easily give back some of these recent gains. That said, I think the upcoming production update (should hit in about a month) will be a short term catalyst if they confirm volumes are steady and keep the dividend intact, the stock probably gets a little relief rally. Bullish but with the brakes on I’m looking for a move to 146.00 over the next 8 weeks. I’m not expecting a breakout, just a slow grind higher as long as oil doesn’t roll over hard. If you’re looking for a moonshot, this isn’t it, but I am fine parking cash here for a couple months.

Entry

$133.87

Above

$146.00

Jun 19, 2026

Karma

125 to 17562

Bullish

Open

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