** Mizuho cuts EOG Resources EOG.N to "neutral" from "outperform", PT by $8 to $140, still a 9.2% upside to last close
** Says a key concerns is depth and quality of EOG's remaining shale inventory, esp in oil-focused basins like Delaware, Eagle Ford
** Adds cash margins per barrel seems to be declining due to higher cash taxes, operating costs and commodity mix
** On top of that, Mizuho sees drop in oil prices in 6-12 months due to higher OPEC+ supply, likely lower demand
** Still, avg rating of 33 brokerages on EOG is 'buy' median PT is $145 - data compiled by LSEG
** Up till last close, stock up 4.64% YTD
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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