Wells Fargo Boosts EOG Resources Price Target to $155

Energy company's stock rating remains 'Overweight' as analysts see upside potential.

Mar. 16, 2026 at 2:38pm

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Wells Fargo & Company analysts have increased their price target for EOG Resources (NYSE: EOG) from $127 to $155, maintaining an 'Overweight' rating on the energy exploration company's stock. The new $155 price target represents a potential upside of 14.72% from EOG's previous closing price.

Why it matters

The increased price target from a major Wall Street firm signals analysts' continued optimism about EOG Resources' growth prospects and ability to capitalize on the current energy market environment. This could boost investor confidence in the stock.

The details

In a research note, Wells Fargo analysts cited EOG Resources' strong operational performance and favorable market conditions as reasons for the price target increase. The company has demonstrated its ability to efficiently extract and produce oil and gas, which has translated to solid financial results.

  • Wells Fargo issued the new price target on March 16, 2026.

The players

EOG Resources

An independent exploration and production company focused on crude oil, natural gas, and natural gas liquids.

Wells Fargo & Company

A major financial services company that provides banking, investment, and mortgage products.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

The increased price target from Wells Fargo reflects Wall Street's continued confidence in EOG Resources' ability to navigate the current energy market environment and deliver strong financial performance for investors.