Reported 1 day ago
EOG Resources, Inc. (NYSE:EOG) is recognized as one of the best undervalued energy stocks, ranking 7th on a list that highlights 11 such stocks. With a forward P/E ratio of 10.56 and support from 62 hedge funds, EOG focuses on low-cost natural gas production, primarily in its South Texas Dorado play. Analyst Rob Thummel emphasizes that the energy sector has strong growth potential driven by natural gas demand and U.S. LNG exports, suggesting that investments in stable energy infrastructure could yield significant returns.
Source: YAHOO