EOG Resources price target lowered to $138 from $145 at RBC Capital

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.