Stock fact sheet · data as of
EOG Resources, Inc. (EOG): fair value, margin of safety and Wheel Score
Ticker symbol EOG · Energy · Oil & Gas Exploration & Production · United States · Value
Is EOG undervalued?
At 147.06 (close of 5 Nov 2026), EOG trades 14% under the GLS average fair value of 171.78. 4 of the 9 models that produced a value land above the price. A discount of this size counts as a positive margin of safety in every GLS scan; whether it is enough depends on the rest of the picture - the health score, the moat and the option premium below.
There is a wide gap between GLS Growth (38.26) and 10 Cap (400.25). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, EOG is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 50, growth score 17, out of 100).
Nine valuation models for EOG
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 264.52 | +80% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 133.48 | -9% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 210.90 | +43% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 52.29 | -64% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 38.26 | -74% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 400.25 | +172% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 240.99 | +64% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 60.03 | -59% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 145.25 | -1% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -27.28 | -119% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 164.79 | +12% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
EOG Resources, Inc. scores 8 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the "Piotroski 6 or more" Wheel Trade Filter with room to spare. On durability EOG scores 6.2/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are high - ROIC 13.0%, ROE 16.7%, ROA 9.6% - with debt at 0.28 times equity and a free-cash-flow yield of 8.6%.
The dividend yield is 2.77% at a payout ratio of 32%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Crude Oil and Condensate 57%, Gathering, Processing and Marketing 23%, Natural Gas 9% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 8 / 9 | ROIC | 13.0% |
|---|---|---|---|
| GLS Moat | 6.2 / 10 | ROE | 16.7% |
| Debt / equity | 0.28 | ROA | 9.6% |
| Free-cash-flow yield | 8.6% | Payout ratio | 32% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 83: Good
With a Wheel Score of 83 - the Good band - EOG Resources, Inc. passes all 9 Wheel Trade Filters. How it ranks: value fair, premium strong, moat good, health strong, red flags strong, option trading good, stability strong. Value (fair) is the part keeping it out of the Prime band.
Implied volatility is 37% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. The option chain is deep: 55,562 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 5.1M shares a day on a market cap of $77.1B, with a beta of 0.28 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that strong.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Fair | 14% below fair value | |
| Premium | Strong | implied volatility 37% | |
| Moat | Good | moat 6.2/10 | |
| Health | Strong | Piotroski 8/9 | |
| Red Flags | Strong | Red Flags score 90/100 | |
| Option trading | Good | 2,962 contracts a day, 55,562 open interest | |
| Stability | Strong | beta 0.28, $77.1B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
EOG Resources, Inc. reports earnings on 5 Nov 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Exploration & Production
The 12 companies below are the closest to EOG Resources, Inc. by market cap within the Oil & Gas Exploration & Production industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| CNQ Canadian Natural Resources Limited | 49.64 | 49.40 | -0% | 48Weak | $102.3B |
| OXY Occidental Petroleum Corporation | 57.33 | 81.77 | +30% | 92Prime | $57.3B |
| FANG Diamondback Energy, Inc. | 182.88 | 167.65 | -9% | 44Weak | $51.2B |
| DVN Devon Energy Corporation | 44.12 | 47.13 | +6% | 46Weak | $48.5B |
| WDS Woodside Energy Group Ltd | 21.51 | 23.39 | +8% | 36Weak | $40.8B |
| COP ConocoPhillips | 136.94 | 130.37 | -5% | 51Fair | $164.5B |
| EQT EQT Corporation | 52.54 | 89.97 | +42% | 54Fair | $32.9B |
| EXE Expand Energy Corporation | 87.31 | 248.51 | +65% | 87Prime | $20.2B |
| TPL Texas Pacific Land Corporation | 287.65 | 140.14 | -105% | 43Weak | $19.8B |
| PR Permian Resources Corporation | 22.43 | 26.28 | +15% | 46Weak | $18.8B |
| OVV Ovintiv Inc. | 62.70 | 89.37 | +30% | 83Good | $17.3B |
| APA APA Corporation | 44.49 | 105.84 | +58% | 92Prime | $15.6B |
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A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about EOG
Is EOG undervalued right now?
By the GLS models, moderately: at 147.06 the stock trades 14% below the average fair value of 171.78 (data as of 5 Nov 2026).
What is the Wheel Score of EOG and what does it mean?
EOG scores 83 out of 100 (Good). The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for EOG?
171.78 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does EOG Resources, Inc. report earnings next?
The next earnings report is due on 5 Nov 2026 (after the close), 0 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does EOG have listed options, and how liquid are they?
Yes. The nightly snapshot found 664 listed contracts with 55,562 open interest across all expiries and implied volatility of 37% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.