Scotiabank upgrades EOG Resources on reasonable valuation, growth potential

Scotiabank upgrades energy firm EOG Resources EOG.N to "outperform" from "sell", trims PT to $130 from $150

Brokerage says EOG has strong financial position, which will be attractive to investors in uncertain market conditions

Co has good mix of oil and gas assets, which should help it perform well in current market, Scotiabank says

EOG has potential for growth, particularly in its core Permian region and emerging areas such as Utica and Dorado, brokerage says

18 out of 33 brokerages rate stock "buy" or higher, 15 "hold"; their median PT is $144 - data compiled by LSEG

Including session's moves, EOG stock down 14.5% YTD