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TheStreet Open House

Jim Cramer's Mad Dash: EOG Is the Best

NEW YORK (TheStreet) -- Shares of EOG Resources (EOG) are higher on Tuesday after beating revenue and earnings estimates, with earnings up 34% year over year. 

"It's been my favorite," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Cramer's Mad Dash" segment. 

Former-CEO Mark Papa set the precedence for the company's rapid growth that the current management continues to execute, Cramer said.  EOG's operations in the Permian basin, Bakken formation and Eagle Ford shale are helping to maximize that growth. 

While Pioneer Natural Resources (PXD) is a great company, too, "EOG is the best," Cramer concluded. 

Turning to Delta Air Lines (DAL), the company increased its quarterly dividend by 50% to 9 cents and boosted its share buyback program to $2 billion. 

Cramer was ecstatic over the now-booming airline sector, calling Delta a "cash machine" and praised its capital return program for investors. 

Although he likes Delta and says shareholders should stay long, American Airlines (AAL) "is my favorite," Cramer said, adding that he has a $60 price target on the stock.

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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