Stonex reiterates Hold on EOG Resources stock after tax guidance
Published on 10/15/2026 at 10:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTax exposure and analyst caution
- EOG raised third-quarter tax expense guidance to USD 835 million-935 million on October 8, 2026.
- Stonex lifted its third-quarter EBITDA forecast to USD 4.29 billion from USD 3.5 billion on October 13, 2026.
- EOG Resources stock was trading at EUR 138.08 at 10:38 a.m. CEST at Lang & Schwarz on October 15, 2026.
EOG Resources (ISIN US26875P1012) faced a Hold reiteration from Stonex on October 13, 2026, as the analyst cited valuation concerns and higher tax guidance. Investing.com reported that Stonex kept its Hold view while raising its third-quarter EBITDA forecast. The key tension is clear: operating expectations improved, but the tax burden also rose.
Tax guidance changes the earnings setup
On October 8, 2026, EOG raised its expected current tax expense for the third quarter to USD 835 million-935 million from USD 545 million-645 million. The company attributed the change to higher crude oil prices realized during the quarter and expected for the full year, while keeping its other third-quarter and full-year guidance ranges unchanged, according to StockTitan.
What does the analyst caution mean?
Stonex raised its third-quarter EBITDA forecast to USD 4.29 billion from USD 3.5 billion, while the consensus estimate stood at USD 4.4 billion on October 13, 2026. The firm said the tax guidance was difficult to justify at its midpoint and based its Hold rating on valuation, according to Investing.com.
Three events define the recent picture
On October 8, 2026, EOG raised third-quarter tax expense guidance to USD 835 million-935 million from USD 545 million-645 million. On October 12, 2026, Barclays assigned a Hold rating and a USD 147.00 price target, as reported by Markets Insider. On October 13, 2026, Stonex reiterated Hold and lifted its EBITDA forecast to USD 4.29 billion from USD 3.5 billion.
Key dates carry two different signals
EOG's next substantiated dates are October 16, 2026, for the ex-dividend date tied to a USD 1.02 quarterly dividend, and November 6, 2026, for its third-quarter results. MarketBeat reported both dates and said second-quarter revenue reached USD 8.62 billion, up 57.4 percent year over year.
Stock price and valuation context
EOG Resources stock was trading at EUR 138.08 at Lang & Schwarz on October 15, 2026 at 10:38 a.m. CEST. The primary-market quote was USD 154.19 as of October 14, 2026, with a USD 101.59-154.88 52-week range and USD 80.9 billion market capitalization.
The further course of trading is shown by the continuously updated real-time quote of EOG Resources stock.
EOG Resources stock facts
- Company: EOG Resources, Inc.
- ISIN: US26875P1012
- WKN: 877961
- Ticker: EOG
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 15, 2026, 10:38 a.m. CEST): EUR 138.08
- Market capitalization: USD 80.9 billion (as of October 15, 2026)
- 52-week range: USD 101.59-154.88 (as of October 14, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
Market context: Market report S&P 500.
