EOG Resources Announces $5.6 Billion Acquisition Deal

An update from EOG Resources ( (EOG) ) is now available.

On May 30, 2025, EOG Resources announced a definitive agreement to acquire Encino Acquisition Partners for $5.6 billion, enhancing its position in the Utica shale play. This acquisition is expected to be immediately accretive to EOG’s financial metrics, expanding its multi-basin portfolio and increasing its production capacity, while also supporting a 5% increase in regular dividends.

The most recent analyst rating on (EOG) stock is a Buy with a $146.00 price target. To see the full list of analyst forecasts on EOG Resources stock, see the EOG Stock Forecast page.

Spark’s Take on EOG Stock

According to Spark, TipRanks’ AI Analyst, EOG is a Outperform.

EOG Resources is well-positioned within the oil and gas industry, bolstered by strong financial performance, strategic acquisitions, and attractive valuation metrics. While technical analysis suggests caution due to recent price trends, the company’s strategic focus on operational efficiency and international expansion provides a solid foundation for future growth amidst market uncertainties.

To see Spark’s full report on EOG stock, click here.

More about EOG Resources

EOG Resources, Inc. is one of the largest crude oil and natural gas exploration and production companies in the United States, with proved reserves in the United States and Trinidad.

Average Trading Volume: 4,157,459

Technical Sentiment Signal: Hold

Current Market Cap: $59.97B

For a thorough assessment of EOG stock, go to TipRanks’ Stock Analysis page.