EOG Resources, Inc. (NYSE:EOG) is included among the 12 Best Large Cap Energy Stocks to Buy Now.
EOG Resources, Inc. (NYSE:EOG) is one of the largest crude oil and natural gas exploration and production companies in the United States with proved reserves in the US and Trinidad.
On March 12, Piper Sandler once again raised its price target on EOG Resources, Inc. (NYSE:EOG) from $127 to $144, but maintained its ‘Neutral’ rating on the shares. The updated target comes as the analyst firm increased its price deck.
With the ongoing supply disruption amid the Iran war, Piper Sander has raised its mid-cycle crude price forecast to $75 per barrel from $70 previously. The analyst firm sees lasting supply impacts from the situation in the Middle East and expects the soaring prices to incentivize increased investments in production.
EOG Resources, Inc. (NYSE:EOG) is targeting to generate approximately $4.5 billion in free cash flow in FY 2026. Meanwhile, its breakeven price to cover the year’s capital program and regular dividend is $50 WTI. So the Middle East crisis, which has pushed the WTI crude oil futures to just under $100 per barrel, provides a solid cushion for the company to grow its cash flow while also keeping its strong commitment to shareholders.
While we acknowledge the potential of EOG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading into 2026 and 13 Undervalued Dividend Aristocrats to Buy Now.
Disclosure: None. Follow Insider Monkey on Google News.
