11 Best Undervalued Energy Stocks to Invest in Now

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7. EOG Resources Inc. (NYSE:EOG)

Forward P/E Ratio as of April 10: 10.56

Number of Hedge Fund Holders: 62

EOG Resources Inc. (NYSE:EOG) explores, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the US, the Republic of Trinidad and Tobago, as well as internationally.

The company is developing its emerging South Texas Dorado dry natural gas play. This is a low-cost natural gas asset that is being developed by the company that aligns with the growing demand in the North American markets, particularly the Texas Gulf Coast LNG sector. In 2024, the company made strides in Dorado and achieved a 15% increase in drilled feet per day and completed lateral feet per day.

For 2025, EOG Resources Inc. (NYSE:EOG) plans to operate one full-time drilling rig in Dorado to capitalize on the asset’s low-cost gas potential. The company’s strategy in Dorado includes its infrastructure development, which features the 36-inch Verde pipeline. This pipeline came into service in Q4 and provides access to Gulf Coast market centers.

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