NEW YORK (TheStreet) -- Shares of EOG Resources Inc (EOG) are trading higher by 0.42% to $99.32 Monday afternoon, ahead of the company's first quarter 2015 earnings release after the market closes later today.
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-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 and Jack Mohr, Director of Research - Action Alerts PLUS had to say about the stock:
EOG Resources (EOG:NYSE; $98.90; 900 shares; 3.41%; Sector: Energy): Few companies, if any, have benefited more from the U.S. shale revolution than EOG, which has been a leader in discovering and exploiting unconventional oil plays. Being at the leading edge in exploration expertise has enabled the company to build large-scale, core acreage positions at attractive costs in the two largest unconventional oil plays in the U.S. (Eagle Ford and Bakken).