NEW YORK (TheStreet) -- Shares of EOG Resources Inc (EOG) closed down 0.05% to $98.90 in Friday's regular trading session, ahead of the company's first quarter 2015 earnings release on Monday after the market closes.
The company is expected to report a break even quarter with revenue of $2.71 billion, according to analysts polled by Thomson Reuters.
"I think that company, while it is already had a stock that's moved, could go higher because they need to deliver good numbers. More importantly, if it goes down, buy it along with us at Action Alerts PLUS," said Cramer.
In the same quarter of last year, the company raked in earnings of $1.40 per share on revenue of $4.08 billion.
Houston, TX-based EOG Resources explores for, develops, produces and markets crude oil and natural gas. The company operates in producing basins in regions worldwide including the U.S., Canada, Trinidad, the U.K., China, and Argentina.
Insight from TheStreet's Research Team:
EOG Resources is a core holding of Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. During the most recent weekly roundup, this is what Jim Cramer, Portfolio Manager & Jack Mohr, Director of Research - Action Alerts PLUS had to say about the stock:
EOG Resources (EOG:NYSE; $96.72; 900 shares; 3.29%; Sector: Energy): The shares traded lower as oil prices fell in a choppy week of trading. We added to our position as we wanted to avoid chasing the shares and found EOG attractively valued. EOG is a peer leader in shale-oil production growth. It manages to find new core shale plays at low costs through internal exploration, applies technology to those plays, and operates with increasing efficiency to expand its resource base in terms of both size (drilling locations) and quality (i.e., estimated ultimate recovery, or EUR).