Thursday, May 02, 2019 9:02:24 PM
$EOG Earnings reports usually attracts sellers in EOG Resources.
EOG reports Thursday evening with a several of its peers, optimism is in short supply within the sector. Given the 15% sell off over the past week in EOG and the fact it historically sheds any post earnings gains very quickly there is no reason to get in quite yet. On the bull side, a earnings surprise could propel this beaten down stock much higher, but we see that as unlikely.
EOG reports Thursday evening with a several of its peers, optimism is in short supply within the sector. Given the 15% sell off over the past week in EOG and the fact it historically sheds any post earnings gains very quickly there is no reason to get in quite yet. On the bull side, a earnings surprise could propel this beaten down stock much higher, but we see that as unlikely.
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