Houston, Texas-based EOG Resources, Inc. (EOG) explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States and internationally. With a market cap of $61.6 billion, the company operates in prolific resources with huge reserves of oil and natural gas.

Companies worth $10 billion or more are generally described as "large-cap stocks." EOG fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the Oil & Gas E&P industry. EOG operates as a leading upstream energy player with a presence spread across the United States, China, and Trinidad.

Nevertheless, the energy giant's stock dropped nearly 19.8% from its 52-week high of $138.18 achieved on Jan. 16. EOG’s stock has declined 9.3% in the past three months,  compared to the SPDR S&P Oil & Gas Exploration & Production ETF’s (XOP) 2.6% fall over the same time frame. 

Moreover, in the longer term, EOG has declined 9.6% on a YTD basis, whereas XOP declined 8.9%. Furthermore, shares of EOG fell 7.5% over the past 52 weeks, outperforming XOP's 17% decline over the same time frame.

EOG has been trading below its 200-day and 50-day moving averages since early April.

On May 1, EOG Resources shares climbed 1.2% following the release of its Q1 2025 results. The company’s revenue came in slightly below forecast at $5.7 billion. However, its production rose 4.8% year-over-year, driven by a 63% surge in natural gas prices and higher crude output. Additionally, the company’s adjusted net income per share came in at $2.87, beating the consensus estimate by 4.7%.

Its top rival, ConocoPhillips (COP), has lagged behind the stock, with its shares declining 13.3% in 2025 and 23.4% over the past year.

Among the 28 analysts covering the EOG stock, the consensus rating is a “Moderate Buy.” Its mean price target of $137.59 suggests a 24.2% upside potential from current price levels.