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0 0 0 -0.00192554557124513 -9.16926462498177E-05 0.00375939849624057 0.00651017788373367 0.00742710434623145
Stock impact report

EOG Resources, Inc. (EOG) Resources Hit by Downgrade, Eyes Utica Upside [Yahoo! Finance]

EOG Resources, Inc. (EOG) 
Last eog resources, inc. earnings: 2/27 04:33 pm Check Earnings Report
US:NYSE Investor Relations: investors.eogresources.com
Company Research Source: Yahoo! Finance
Rezvan cited concerns about deteriorating well productivity in EOG's core Texas operations. The analyst pointed to clear signs of degradation in both the Eagle Ford and Delaware Basin assets, which represent EOG's primary production regions and legacy workhorse properties. Copyright: 1971yes / 123RF Stock Photo And while acknowledging that initial production rates from new extra-large laterals can show variability during their first year, Rezvan concluded that these productivity trends warranted a more cautious stance on the stock compared to previous expectations. This, in part, explains why the analyst maintained his price target on EOG shares at $138. Despite the downgrade, KeyBanc expressed continued optimism about EOG's oily Utica asset. The analyst stated that they remain bullish on the asset, but are concerned by productivity changes from the legacy workhorse assets in Texas. Rezvan also took the chance to point out that he has adopted a more selective view of the energ Show less Read more
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