EOG

AI Research

Wells Fargo Raises PT to $155 + Earnings Outperformance → CFO Sells $349K Amid Bullish Oil Outlook

EOG Resources surged 3.61% on earnings outperformance, with Wells Fargo raising its price target from $127 to $155 on March 16, reflecting confidence in EOG's operational efficiency and premium exploration inventory in the Permian Basin and Eagle Ford. Barclays maintained Equal-Weight with a raised PT of $140, and Piper Sandler raised its Neutral target to $144, while 30 analysts collectively project an average 12-month price target of $135.65 for the stock trading at $134.08. CFO Ann Janssen sold 2,597 shares worth $348,808 in recent insider activity, and bearish options volume with rising implied volatility signals some caution ahead of the April 30 earnings report.

Related News