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The Screen · Energy · Oil & Gas E&P
EOG Resources
EOG · a US exchange · USD · Market cap $86.4B · 3,400 employees
EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and To…
Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.58, read 2026-11-01
Ethical passes the values gate
Price165.54 USD
Fair value150.49
Ethical score88.6/100
RatingQUALITY, FULLY VALUED
Our investment reviews on this name
2026-10-18Read Accumulation152.62+8.5% to today ✓Markup gives way to Accumulation after a 9% rise in 7 days
2026-10-11Read Markup140.35+17.9% to today ✓Markdown gives way to Markup first Markup read since August
2026-10-02Read Markdown140.35+17.9% to today Markup gives way to Markdown with volume flow in agreement
2026-07-02Read Markup137.78+20.1% to today ✓First review on file: Markup
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
EOG Resources holds its Accumulation at $165.54. The statistical read favours the sellers, held for 44 days.
As held on the ledger · 2026-10-30
Phase
Accumulation
Quantitative state
The statistical read favours the sellers, held for 44 days
Price at the screen
$165.54
Valuation
12.62 trailing · 10.01 forward price to earnings
Values screen
PASS· score 88.6
Beta
0.37
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
16.23%
Below 33%
Interest-bearing debt is just 16.2% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
11.73%
Below 49%
Money owed to the company is 11.7% of assets, under the 49% limit.
Pass
Revenue purity
0.93%
Below 5%
Only 0.9% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Clears, in Plain English
EOG Resources clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 16%, inside the ~33% line, and almost none of its income is interest, so it passes.
Read as at 2026-11-01. It updates when the underlying figures move, and past reads are kept below.
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Today EOG passes the screen. If new figures move it to a fail, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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What the Numbers Say It Is Worth
The Fair Value Range
Our analysis reads QUALITY, FULLY VALUED: it trades above our $150.49 fair value estimate, moderate competitive moat, 58.70% revenue growth.
Fair value range in USD, drawn from the 2026-10-30 screen. The gold marker is the market price at the same screen. The price runs 9.1% above the base estimate.
Where our models see it going: fair-value estimate $150.49, with a range of $126.90 to $173.06, dated to the 2026-10-30 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Oil Patch Earnings Mask a Classic Trap
Picture an oil driller whose profits swing with every gust in crude prices, much like a harvest that can vanish overnight. EOG Resources shows solid revenue growth of 16 percent, a 23 percent profit margin and 18 percent ROE, yet the 9.6 times forward multiple is no bargain. In a cyclical sector those figures often mark peak earnings rather than undervaluation, even with a moderate moat and a clean ethical screen.
The near-zero margin of safety at the current price versus our fair value leaves little room for error if volumes or realisations slip. Analyst targets sit higher, but history shows energy multiples compress fast once the cycle turns, and EOG offers no structural defence against that reset.
Commodity price swings, reserve replacement costs and shifting global demand remain the real drivers here. Low multiples in this industry usually signal warning, not opportunity. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
EOG trades on a US exchange. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-01Accumulation$165.54+0.0%Entry 13
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 20% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 24%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (29 analysts) rates it buy, with a mean price target of $167. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-31Accumulation$165.54+2.0%Entry 12
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 2.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 20% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 24%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (29 analysts) rates it buy, with a mean price target of $167. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-30Accumulation$162.22+0.8%Entry 11
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 0.8% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 20% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 24%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (29 analysts) rates it buy, with a mean price target of $167. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-29Accumulation$160.92+5.4%Entry 10
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 5.4% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 20% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 24%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (29 analysts) rates it buy, with a mean price target of $167. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25Accumulation$152.62+0.0%Entry 9
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 18% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 24%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (29 analysts) rates it buy, with a mean price target of $166.
The framework has shifted from markup to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 8.7% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 24%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (29 analysts) rates it buy, with a mean price target of $164.
2026-10-11Markup · changed$140.35+0.0%Entry 7
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 24%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (28 analysts) rates it buy, with a mean price target of $164.
2026-10-02Markdown · changed$140.35-7.8%Entry 6
The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 7.8% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 24%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (28 analysts) rates it buy, with a mean price target of $162.
2026-08-28Markup$152.19+8.8%Entry 5
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 8.8% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 24%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (27 analysts) rates it buy, with a mean price target of $160.
2026-07-27Markup$139.89+1.5%Entry 4
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 1.5% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 24%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (27 analysts) rates it buy, with a mean price target of $160.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
