EOG Resources Inc (EOG) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of EOG Resources Inc stock $165, price $145, upside +13.9%, quality 64 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $50.41 – $165.54 · fair‑value band $95.19 – $214.53 · the $144.89 price screens below the $165.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.
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The company also offers crude oil and condensate, and gathering, processing and marketing. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.
Stock analysis
EOG Resources Inc (EOG) currently trades at $144.89, while our model-based Fair Value estimate is $165.02, implying the stock looks roughly 12% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $171.48 per share, and 11 of the 26 models we run sit above the $144.89 price.
Bear case: the Asset-Based group reads lowest at $38.11, and 15 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $95.19 (bear) to $214.53 (bull), the price of $144.89 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
EOG Resources Inc reported revenue of $22.6B in FY2025 versus $19.7B in FY2021, a compound +3.5%/yr. Reported net income was $5.0B in FY2025, compounding +1.7%/yr from FY2021.
Key figures
Market cap $76.6B Large · P/E ratio 11.3 · P/S ratio 2.87 · EPS (TTM) $12.85 · Dividend yield 2.8% · Net margin 25.7% · Return on equity 22.5% · Return on assets (EBIT) 18.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 80 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 47% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at 14%, EOG screens cheaper than that median.
Fair Value models
Bear$95.19Fair Value $165.02Bull$214.53
Price $144.89 · Upside +13.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($7.45 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 4 officers or directors sold shares worth $8.1M and none bought.
SaleJeffrey R. LeitzellEVP & COO5× since Dec 31, 2025: 22,511 shares, avg. $136.53$3.1MSep 25, 2026
SaleMichael P DonaldsonEVP & Chief Legal Officer7,336 shares at $148.00$1.1MSep 11, 2026
SaleEzra Y YacobChairman & CEO, Director35,942 shares at $152.10$5.5MAug 24, 2026
SaleCharles R CrispDirector1,887 shares at $136.17$256,953May 28, 2026
SaleAnn D. JanssenEVP & Chief Financial Officer2× since Mar 12, 2026: 6,758 shares, avg. $137.84$931,526Mar 19, 2026
Plus 42 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−3.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−8.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.0%
Start year 2020 (pandemic). Over 10 years: +10.1% a year
Revenue growth 36 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+10.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.8%
Dividend (yield on the price)2.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7.8% vs 5.7%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−6% → 35%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+8.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−0.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +5.5% a year for the price and −2.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Efficient US operations deliver consistent output growth as main strength, yet commodity price exposure remains the central limit on the moat.
Main risk: Stricter emissions regulations and permitting restrictions could increase compliance costs or limit new drilling, squeezing margins in EOG's shale operations.
Bull case: EOG could leverage its low-cost operations and proprietary technology including sensors and KI to sustain strong well economics and shift emphasis toward gas assets that benefit from rising power demand.
Bear case: If emissions rules tighten sharply or oil demand falls faster than expected, EOG might face higher costs, restricted drilling and lower production volumes that erode its free cash flow generation.
EOG keeps posting solid output gains from its efficient US operations even as early UAE unconventional wells beat the company's own targets. This mix of proven low-cost execution at home and fresh exploration abroad sets up a real tension. Will the disciplined focus on core basins generate steadier results than the newer international efforts, or could those plays unlock outsized growth once scaled?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas E&P · 236 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+13.9% · Above median
Profitability
Return on equity (12 months)22.5% · Top 25%
Return on assets9.6% · Top 25%
Net margin (12 months)25.7% · Above median
Operating margin (12 months)40.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)58.7% · Top 25%
Dividend yield (12 months)2.8% · Below median
Balance sheet
Debt / equity0.26× · Below median
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
P/E (12 months)11.3× · Cheaper than median
P/B2.57× · Priciest 25%
P/S (12 months)2.87× · Pricier than median
Price / free cash flow (fiscal year)22.2× · Pricier than median
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Is EOG Resources Inc (EOG) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $165.02 versus a price of $144.89, about +14% upside (undervalued).
What is the fair value of EOG?
Our model-based fair value for EOG Resources Inc is $165.02 (as of Nov 6, 2026), built from audited fundamentals. The current price: $144.89.
What is the quality score of EOG?
EOG Resources Inc has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for EOG Resources Inc (EOG)?
Our model-based price target is the fair value of $165.02 (as of Nov 6, 2026) from 26 valuation models. Cautious scenario $95.19, optimistic scenario $214.53. It is a calculation from audited fundamentals, not an analyst target.
What is the EOG Resources Inc stock forecast for 2026?
Our models put fair value at $165.02, about +14% upside versus a price of $144.89 (undervalued). Cautious scenario $95.19, optimistic scenario $214.53. The calculation is refreshed regularly with new filings.
What is the revenue of EOG Resources Inc (EOG)?
EOG Resources Inc reported trailing-twelve-month revenue of about $26.7B (latest available figure, as of Nov 6, 2026).
Does EOG Resources Inc pay a dividend?
EOG Resources Inc currently shows a dividend yield of 2.82% relative to its recent price (as of Nov 6, 2026).
What growth is priced into EOG Resources Inc (EOG)?
For today's price to be fair in a discounted-cash-flow model, EOG Resources Inc would have to grow free cash flow by +8.0 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.0 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of EOG use?
Our models discount EOG Resources Inc at 8.1 %: a base by market capitalisation (large), damped by beta 0.27, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For EOG Resources Inc that is +8.0 % per year a year over ten years, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has EOG Resources Inc (EOG) delivered so far?
Over the past 5 years revenue at EOG Resources Inc grew +18.0 % a year. The price currently implies +8.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of EOG Resources Inc (EOG) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into EOG Resources Inc (+8.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of EOG Resources Inc (EOG)?
The free-cash-flow yield on the price is 4.50 %: that much free cash flow EOG Resources Inc produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of EOG Resources Inc (EOG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EOG Resources Inc it is $165.02 per share (as of Nov 6, 2026), against a price of $144.89. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is EOG Resources Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, EOG trades below its calculated fair value: price $144.89, fair value $165.02, a gap of about +14% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EOG?
No. The price is what the market pays today ($144.89); the fair value is what the company's own numbers justify ($165.02). For EOG Resources Inc the two are $20.13 per share apart. That gap is exactly why we show both numbers side by side.
How much is EOG Resources Inc worth?
The market values EOG Resources Inc at about $76.6B (market capitalisation, as of Nov 6, 2026). Per share that is $144.89; our models calculate a fair value of $165.02 per share.
What do the bullish and bearish scenarios say about EOG?
Our models span a range for EOG Resources Inc: cautious scenario $95.19, base $165.02, optimistic $214.53 per share (as of Nov 6, 2026, price $144.89). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EOG?
EOG Resources Inc trades at a price-to-earnings ratio of 11.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $165.02 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 11.2. Other multiples: PEG 1.1, P/B 2.6, P/S 2.9, EV/EBITDA 5.6.
What is the PEG ratio of EOG?
The PEG ratio of EOG Resources Inc is 1.11 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of EOG Resources Inc (EOG)?
Balance-sheet figures for EOG Resources Inc (as of Nov 6, 2026): return on equity 22.5%, debt of 0.26 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is EOG from its 52-week high?
EOG Resources Inc trades at $144.89, about 12% below its 52-week high of $165.54 and 47% above the low of $98.64 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $165.02 is for.
Which stocks are comparable to EOG Resources Inc?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, Occidental Petroleum Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is EOG Resources Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $144.89, calculated fair value $165.02 (+14%), Quality Score 64/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EOG calculated?
We run EOG Resources Inc through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $165.02, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. EOG Resources Inc currently trades 12% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of EOG Resources Inc (EOG)?
The closing price on Nov 5, 2026 was $144.89. Our model-based fair value is $165.02, about +14% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EOG Resources Inc right now?
A fairly wide model range ($95.19 to $214.53) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of EOG Resources Inc
How large is the market capitalisation of EOG Resources Inc (EOG)?
The market capitalisation of EOG Resources Inc is $76.6B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of EOG Resources Inc (EOG)?
The price-to-sales ratio of EOG Resources Inc is 2.87 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of EOG Resources Inc (EOG)?
Earnings per share at EOG Resources Inc are $12.85 (price ÷ EPS = P/E 11.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of EOG Resources Inc (EOG)?
The dividend yield of EOG Resources Inc is 2.8% (payout 31.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of EOG Resources Inc (EOG)?
The net margin of EOG Resources Inc is 25.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of EOG Resources Inc (EOG)?
The return on equity (ROE) of EOG Resources Inc is 22.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of EOG Resources Inc (EOG)?
On an EBIT basis the return on assets of EOG Resources Inc is 18.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of EOG Resources Inc (EOG)?
The operating margin of EOG Resources Inc is 40.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EOG Resources Inc (EOG)?
Revenue at EOG Resources Inc is growing +58.7% versus a year earlier (3y avg −8.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at EOG Resources Inc (EOG)?
Earnings per share at EOG Resources Inc are growing +109% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does EOG Resources Inc (EOG) carry?
The net debt of EOG Resources Inc is $5.0B (fiscal year 2025, ≈ 1.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026