Why EOG Resources (EOG) Stock Is Up Today

NEW YORK (TheStreet) -- EOG Resources (EOG) shares are up 1% to $110.47 on Monday following news that its crude oil production climbed 42% during the first quarter.

A Barron's report over the weekend stated that the company is poised to increase its yearly earnings 32% this year if trends continue.

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TheStreet Ratings team rates EOG RESOURCES INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate EOG RESOURCES INC (EOG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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