11 Most Undervalued Quality Stocks to Buy Now

6. OG Resources Inc. (NYSE:EOG)

Forward P/E Ratio as of April 14: 10.05

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 mainly in the US, the Republic of Trinidad and Tobago, and internationally. The exploration and production of oil and natural gas drive the majority of the company’s revenue.

The company holds more than 10 billion barrels of oil equivalent, with an average after-tax rate of return that exceeds 55% based on $45 oil and $2.50 natural gas. In 2024, the company’s production exceeded forecasts, with oil volume growing by 3% and total production by 8%. The proved reserves increased by 6% to 4.7 billion barrels of oil equivalent. The company reduced average well costs by 6% this year.

In the Delaware Basin, it increased drill feet per day by 10% and completed feet per day by 20%. Utica operations saw a 50% increase in drilled feet per day. The Dorado operations saw a 15% increase in both drilled feet per day and completed lateral feet per day. OG Resources Inc. (NYSE:EOG) has also invested in infrastructure. Instances include the Verde pipeline (1 Bcf/day capacity) and the Janus natural gas processing plant (300 million cubic feet/day capacity).