Citigroup Raises Price Target for EOG Resources Stock

Analysts see potential upside for energy exploration company's shares

Mar. 30, 2026 at 6:22pm

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Citigroup analysts have increased their price target for EOG Resources (NYSE:EOG) stock from $115 to $150, maintaining a 'neutral' rating on the energy exploration company's shares. The new target suggests a potential upside of 0.05% from the stock's previous close.

Why it matters

EOG Resources is a major player in the U.S. energy sector, focused on the exploration, development and production of crude oil, natural gas and natural gas liquids. Citigroup's updated price target and rating signal the analysts' views on the company's near-term growth prospects and valuation.

The details

In a research note issued on Monday, Citigroup analysts raised their price objective on EOG Resources shares, citing the company's strong performance. The brokerage firm currently has a 'neutral' rating on the stock. Citigroup's new $150 price target represents a potential upside of 0.05% from EOG's previous closing price.

  • Citigroup issued the updated research note on Monday, March 30, 2026.

The players

Citigroup

A major global financial services company that provides a wide range of banking, investing and financial products and services.

EOG Resources

An independent exploration and production company focused on crude oil, natural gas and natural gas liquids in the United States.

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What’s next

Investors will be watching to see if EOG Resources' stock price rises in response to Citigroup's more bullish outlook and higher price target.

The takeaway

Citigroup's updated analysis suggests the investment bank sees potential upside in EOG Resources' shares, though it maintains a neutral rating, indicating the company's stock may have room to appreciate further if it can continue delivering strong operational and financial results.