Goldman Sachs Downgrades EOG Sources (EOG) to Purchase

(updating remark)

Goldman Sachs analyst Brian Singer downgraded EOG Sources (NYSE: EOG) from Conviction Purchase to Purchase with a price goal of $68.00.

The analyst feedback “We take away EOG Sources (EOG) from the Americas Conviction Listing and add Devon Vitality (DVN) as we see count on market recognition for extra transformational adjustments at DVN and see barely increased beta to our bullish 2021E/22E oil price outlook. Since being added to the Americas Conviction Listing on May 28, 2012, EOG is up 2% whereas the XOP is down 69%, the XLE is down 39% and the S&P 500 is up 177%.”

For an analyst scores abstract and scores historical past on EOG Sources click on right here. For extra scores information on EOG Sources click on right here.

Shares of EOG Sources closed at $53.16 yesterday.