EOG Resources Inc. (NYSE:EOG) ranks among the stocks with the lowest forward PE ratios. On January 13, RBC Capital cut its price target for EOG Resources Inc. (NYSE:EOG) to $138 from $145 and retained an Outperform rating on the company. The decrease reflects RBC’s revised commodity price projection, especially for oil, with the firm now projecting WTI crude at $56 per barrel in 2026, a decrease from its original projection of $60.06 per barrel.
RBC’s 2026 earnings per share expectations for EOG Resources Inc. (NYSE:EOG) were decreased to $8.19 from $9.76, while its cash flow per share estimates are down to $19.05 from $20.79, owing largely to the lower oil price assumption. The firm’s 2027 predictions were also revised lower, with EPS now projected to fall to $11.43, down from $11.69, and cash flow per share at $23.07, down from $23.44.
EOG Resources Inc. (NYSE:EOG), together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the US, the Republic of Trinidad & Tobago, and internationally.
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Disclosure: None. This article is originally published at Insider Monkey.
