RBC Capital lowered the firm’s price target on EOG Resources (EOG) to $138 from $145 and keeps an Outperform rating on the shares. The firm has updated its estimates based on its previous quarterly catch-up with the company, final Q4 commodity mark-to-market, and RBC’s new commodity price deck calling for lower oil prices, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EOG: