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EOG Resources (EOG, Oil & Gas Exploration & Production) Stock Valuation & Fair Value Favorable on our tests

EOG Resources (EOG, Oil & Gas Exploration & Production) trades at a blended P/E of 9.1, about 57% below its historical normal valuation, with a forward growth estimate of -1.2%. Analysts' one-year estimates have been hit 27% of the time. Priced at its historical normal P/E of 21.3 on the same blended earnings, the 2026-10-02 close of $141.38 corresponds to about $330 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-10-05
Blended P/E
9.1
Normal P/E
21.3
PEG
—
Fwd growth
-1.2%
Div yield
2.9%
RSI (14)
59.9
Neutral
Technical context
  • Price $148.51 at the 2026-10-08 close, 3.4% above the 20-day average ($143.60) and 2.8% above the 50-day ($144.52).
  • RSI (14) at 59.9.
  • 52-week range $99.31 to $153.74: the price is 3.4% below the high and 49.5% above the low.

The Street vs SeerForecast

Wall Street's mean price target for EOG is $164.00 across 28 analysts, 10.4% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: favorable on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been favorable on our tests since 2026-06-03.

Blended P/E and rating by weekBlended P/E moved from 10.3 to 9.1 between 2026-06-03 and 2026-10-02, against a normal P/E of 21.3, with 6 rating changes over 37 recorded weeks.2026-06-03: P/E 10.3, Favorable on our tests, recalculated for the week of 2026-06-032026-06-10: P/E 10.4, Favorable on our tests, recalculated for the week of 2026-06-102026-06-12: P/E 10.4, Favorable on our tests, recalculated for the week of 2026-06-142026-06-16: P/E 10.4, Favorable on our tests, recalculated for the week of 2026-06-162026-06-18: P/E 10.4, Favorable on our tests, recalculated for the week of 2026-06-212026-07-02: P/E 9.5, Favorable on our tests, recalculated for the week of 2026-07-022026-07-06: P/E 9.7, Favorable on our tests, recalculated for the week of 2026-07-062026-07-09: P/E 9.7, Favorable on our tests, recalculated for the week of 2026-07-092026-07-10: P/E 10.0, Favorable on our tests, recalculated for the week of 2026-07-122026-07-13: P/E 10.0, Favorable on our tests, recalculated for the week of 2026-07-132026-07-14: P/E 10.0, Favorable on our tests, recalculated for the week of 2026-07-142026-07-20: P/E 10.3, Favorable on our tests, recalculated for the week of 2026-07-202026-07-22: P/E 10.3, Favorable on our tests, recalculated for the week of 2026-07-222026-07-24: P/E 10.7, Favorable on our tests, recalculated for the week of 2026-07-252026-07-27: P/E 10.7, Favorable on our tests, recalculated for the week of 2026-07-272026-07-31: P/E 10.6, Mixed on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 10.8, Mixed on our tests, recorded live 2026-08-032026-08-07: P/E 9.8, Favorable on our tests, recalculated for the week of 2026-08-072026-08-07: P/E 9.7, Favorable on our tests, recorded live 2026-08-102026-08-14: P/E 10.1, Mixed on our tests, recalculated for the week of 2026-08-142026-08-14: P/E 10.2, Mixed on our tests, recorded live 2026-08-172026-08-21: P/E 10.7, Mixed on our tests, recalculated for the week of 2026-08-212026-08-21: P/E 10.8, Weak on forward returns, recorded live 2026-08-242026-08-27: P/E 10.8, Weak on forward returns, recalculated for the week of 2026-08-272026-08-28: P/E 10.1, Mixed on our tests, recalculated for the week of 2026-08-282026-08-28: P/E 10.0, Mixed on our tests, recalculated for the week of 2026-08-302026-08-28: P/E 10.0, Mixed on our tests, recorded live 2026-08-312026-09-04: P/E 10.1, Favorable on our tests, recalculated for the week of 2026-09-052026-09-04: P/E 10.1, Favorable on our tests, recorded live 2026-09-072026-09-11: P/E 10.0, Favorable on our tests, recalculated for the week of 2026-09-122026-09-11: P/E 10.0, Favorable on our tests, recorded live 2026-09-142026-09-18: P/E 9.6, Favorable on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 9.6, Favorable on our tests, recorded live 2026-09-212026-09-25: P/E 9.3, Favorable on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 9.3, Favorable on our tests, recorded live 2026-09-282026-10-02: P/E 9.1, Favorable on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 9.1, Favorable on our tests, recorded live 2026-10-0510.015.020.0Jun 3Jul 3Aug 2Sep 2Oct 2Normal P/E 21.3
Favorable on our testsMixed on our testsWeak on forward returns

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 10.3-52%Favorable on our tests (recalculated)
2026-07-31P/E 10.6-50%Mixed on our tests (recalculated)
2026-08-03P/E 10.8-49%Mixed on our tests
2026-08-07P/E 9.8-54%Favorable on our tests (recalculated)
2026-08-14P/E 10.1-53%Mixed on our tests (recalculated)
2026-08-24P/E 10.8-50%Weak on forward returns
2026-08-28P/E 10.1-53%Mixed on our tests (recalculated)
2026-09-05P/E 10.1-53%Favorable on our tests (recalculated)
2026-10-03P/E 9.1-57%Favorable on our tests (recalculated)
2026-10-05P/E 9.1-57%Favorable on our tests ← now
Show all 37 weeks
WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 10.3-52%Favorable on our tests (recalculated)
2026-06-10P/E 10.4-51%Favorable on our tests (recalculated)
2026-06-14P/E 10.4-51%Favorable on our tests (recalculated)
2026-06-16P/E 10.4-51%Favorable on our tests (recalculated)
2026-06-21P/E 10.4-51%Favorable on our tests (recalculated)
2026-07-02P/E 9.5-55%Favorable on our tests (recalculated)
2026-07-06P/E 9.7-55%Favorable on our tests (recalculated)
2026-07-09P/E 9.7-55%Favorable on our tests (recalculated)
2026-07-12P/E 10.0-53%Favorable on our tests (recalculated)
2026-07-13P/E 10.0-53%Favorable on our tests (recalculated)
2026-07-14P/E 10.0-53%Favorable on our tests (recalculated)
2026-07-20P/E 10.3-52%Favorable on our tests (recalculated)
2026-07-22P/E 10.3-52%Favorable on our tests (recalculated)
2026-07-25P/E 10.7-50%Favorable on our tests (recalculated)
2026-07-27P/E 10.7-50%Favorable on our tests (recalculated)
2026-07-31P/E 10.6-50%Mixed on our tests (recalculated)
2026-08-03P/E 10.8-49%Mixed on our tests
2026-08-07P/E 9.8-54%Favorable on our tests (recalculated)
2026-08-10P/E 9.7-55%Favorable on our tests
2026-08-14P/E 10.1-53%Mixed on our tests (recalculated)
2026-08-17P/E 10.2-52%Mixed on our tests
2026-08-21P/E 10.7-50%Mixed on our tests (recalculated)
2026-08-24P/E 10.8-50%Weak on forward returns
2026-08-27P/E 10.8-50%Weak on forward returns (recalculated)
2026-08-28P/E 10.1-53%Mixed on our tests (recalculated)
2026-08-30P/E 10.0-53%Mixed on our tests (recalculated)
2026-08-31P/E 10.0-53%Mixed on our tests
2026-09-05P/E 10.1-53%Favorable on our tests (recalculated)
2026-09-07P/E 10.1-53%Favorable on our tests
2026-09-12P/E 10.0-53%Favorable on our tests (recalculated)
2026-09-14P/E 10.0-53%Favorable on our tests
2026-09-19P/E 9.6-55%Favorable on our tests (recalculated)
2026-09-21P/E 9.6-55%Favorable on our tests
2026-09-26P/E 9.3-56%Favorable on our tests (recalculated)
2026-09-28P/E 9.3-56%Favorable on our tests
2026-10-03P/E 9.1-57%Favorable on our tests (recalculated)
2026-10-05P/E 9.1-57%Favorable on our tests ← now

Frequently asked questions

Is EOG Resources stock overvalued?

At a blended P/E of 9.1 versus its historical normal P/E of 21.3, EOG Resources trades about 57% below its typical valuation. tickerseer currently rates it favorable on our tests.

What is EOG Resources's fair value and PEG?

EOG Resources trades at a blended P/E of 9.1 against a historical normal P/E of 21.3, a forward growth estimate of -1.2%. Priced at its historical normal P/E of 21.3 on the same blended earnings, the 2026-10-02 close of $141.38 corresponds to about $330 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of EOG Resources changed?

tickerseer's rating has been favorable on our tests since 2026-06-03.

What is the analyst price target for EOG Resources?

The mean Wall Street price target for EOG Resources is $164.00 across 28 analysts, 10.4% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Oil & Gas Exploration & Production. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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