J.P.Morgan cuts PT for EOG Resources on lower oil and gas price assumptions

** J.P.Morgan cuts PT for oil and gas producer EOG Resources EOG.N to $132 from $142

** New PT represents an upside of 13.5% to the stock's last close

** PT cut was due to decline in commodity price assumptions, brokerage says

** Says EOG continues to execute well, with new drilling and appraisal opportunities that could expand its resource base in the U.S. and internationally

** "A lingering concern has been inventory depth and the melting ice cube challenge facing the U.S. shale industry, so successful resource expansion- especially in the Utica and Dorado- is key for the shares" - JPM

** Brokerage adds the market has generally appreciated strength of EOG's execution as evidenced by the premium multiple

** 18 out of 31 brokerages rate stock "buy" or higher, and 13 "hold"; median PT is $140 - data compiled by LSEG

** As of last close, EOG shares down 5.1% YTD