EOG Resources' stock plummeted 5.02% in Monday's intraday trading session. The sharp decline came amid a series of analyst downgrades and bearish sentiment surrounding the energy company.
One of the key developments was Morgan Stanley lowering its price target on EOG Resources to $142 from $143, while maintaining an Equal Weight rating. The firm cited mixed signals and uncertainty in the near-term outlook for the company.
JPMorgan also adjusted its price target on EOG Resources, lowering it to $149 from $144, but maintained a Neutral rating. These analyst actions reflected a cautious stance on the stock's prospects in the current market environment.
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