Scotiabank has downgraded EOG Resources Inc (EOG) to a rating of Sector Perform from Sector Outperform as of September 25, 2025. The current share price stands at $106.40.
This downgrade indicates a shift towards increased caution regarding the company's outlook. Such decisions reflect potential concerns about competitive pressures, market conditions, or execution risks that may affect EOG's performance in the energy sector.
EOG Resources, headquartered in Houston, Texas, is engaged in the exploration, development, production, and marketing of crude oil and natural gas. The firm operates primarily in major producing basins in the United States, Trinidad, and selected international areas, with a focus on the Wolfcamp, Bone Spring, and Leonard plays. EOG holds approximately 535,000 total net acres in the Eagle Ford play and about 160,000 net acres in the Dorado gas play.
As of November 20, 2025, EOG has a market capitalisation of $59.3 billion, a P/E ratio of 10.73, and a dividend yield of 381.0%. The company is scheduled to report its next earnings on August 5, 2026, with an estimated EPS of $2.50 and revenue of $6.1 billion.
Analyst ratings, including this recent downgrade, represent professional opinions based on research and financial models. While they can provide valuable insights, these assessments are based on assumptions that may not always materialise. Investors should consider multiple factors, including company fundamentals and industry trends, when making decisions. Analyst views should be one of many inputs rather than the sole basis for investment choices. It is also important to note that analyst ratings can change as new information becomes available, reflecting differing opinions among analysts regarding the same company.