KeyBanc Downgrades EOG Resources (EOG) to Sector Weight, RBC Capital Lowers PT
EOG Resources, Inc. (NYSE:EOG) is one of the 12 Best American Energy Stocks to Buy Now. On January 16, KeyBanc downgraded its rating on EOG Resources, Inc. (NYSE:EOG) from Overweight to Sector Weight. KeyBanc pointed to worries about “clear signs of degradation” in both the Eagle Ford and Delaware Basin assets, along with a major drop in activity in Eagle Ford. KeyBanc analyst Tim Revzan noted that production trends can be affected by flow dynamics from extra-large (XL) laterals in the first six to twelve ...