Published on 29 Apr 2024 on Zacks via Yahoo Finance
Why You Should Buy EOG Resources (EOG) Ahead of Q1 Earnings
Investors are closely monitoring EOG Resources, Inc. EOG as it prepares to announce first-quarter 2024 earnings on May 2, after market close. Some investors are considering whether to buy shares of this top exploration and production energy company before its earnings release or wait for a more favorable entry opportunity.
Encouraging Price Performance
EOG Resources has proven to be rewarding since the beginning of 2024, gaining 13.9% year to date, surpassing the 11.6% rise of the composite stocks belonging to the Zacks US Oil & Gas Exploration & Production industry. Premium drilling strategy, fortress balance sheet and handsome shareholder returns are among the key reasons that are leading to the outperformance.