5 hours ago
By Noor Ul Ain Rehman
Sun, March 15, 2026 at 2:36 PM EDT 2 min read
EOG Resources, Inc. (NYSE:EOG) is considered one of the best oil stocks to buy right now. On March 13, Barclays raised its price target for EOG Resources to $140 from $133 and reiterated an Equal Weight rating on the shares. Barclays believes that cash flow tailwinds for the exploration and production sector remain underappreciated. Although the recent oil price spike is "unlikely to last for long," the firm sees the market undervaluing the cash flow benefits and the "durable benefit" this will have on the sector’s ability to increase cash returns beyond the current conflict.
Similarly, UBS raised its price target on EOG Resources to $158 from $149 on March 5, reaffirming a Buy rating. UBS noted in a research report that the prolonged conflict in the Middle East and potential disruptions to Qatar's gas supply appear to be underpriced by the market. This situation could drive higher oil and natural gas prices and generate the strongest free cash flow upside for companies producing both commodities.
EOG Resources explores, develops, produces, and markets natural gas and crude oil. Its operations are segmented geographically into the United States, Trinidad, and Other International regions.
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