NEW YORK (TheStreet) -- Shares of EOG Resources (EOG) - Get Report are slipping, down 2.43% to $91.52 in early market trading Friday, after the oil and gas company had its rating lowered to "neutral" from "buy" by analysts at UBS.
Similarly, analysts at Macquarie downgraded EOG Resources to a "neutral" from an "outperform" rating with a lowered price target of $96 this morning.
And yesterday, analysts at Citigroup downgraded shares of the energy company to "neutral" from "buy" with a $96 price target, down from their previous $100.
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On Thursday's Mad Money on CNBC, TheStreet's Jim Cramer said EOG Resources was one of his top picks.
Cramer thinks that despite a volatile stock price, EOG is still the best driller to own in the current environment.
Houston, TX-based EOG Resources explores for, develops, produces and markets crude oil and natural gas. The company operates in producing basins in regions worldwide including the U.S., Canada, Trinidad, the U.K., China, and Argentina.
Separately, TheStreet Ratings team rates EOG RESOURCES INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate EOG RESOURCES INC (EOG) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in stock price during the past year and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
- You can view the full analysis from the report here: EOG Ratings Report