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EOG Resources (EOG) Stock Down Ahead of Earnings Results

NEW YORK (TheStreet) -- Shares of EOG Resources (EOG - Get Report) are falling by 0.45% to $86.08 in mid-morning trading on Thursday, prior to the release of the company's 2015 third quarter financial results, which are due out after the market close today.

Analysts are expecting the company, which is engaged in the exploration, development, production and marketing of crude oil and natural gas, to report a year over year decline in both earnings per share and revenue for the most recent quarter.

EOG Resources has been forecast to report a loss of 30 cents per share on revenue of $2.35 billion for the three month period ending in September.

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The company's financial results showed a profit of $1.31 per share on revenue of $5.12 billion for the 2014 third quarter.

Oil companies have been struggling to deal with the constant decline in the commodity's prices due to the global over supply and record...


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