EOG Resources Plunges 3.73% on Fourth Day of Decline

EOG Resources (EOG) shares fell 3.73% today, marking the fourth consecutive day of decline, with a total drop of 19.24% over the past four days. The stock price hit its lowest level since March 2023, experiencing an intraday decline of 5.11%.

UBS analyst Josh Silverstein recently adjusted the price target for EOG Resources, lowering it from $153 to $141 while maintaining a Buy rating. This adjustment could influence investor sentiment and trading activities, potentially affecting the stock price. The analyst's revised outlook may reflect concerns about the company's near-term performance or broader market conditions, leading to a cautious approach among investors.