5 Most Undervalued American Stocks to Invest In

4. EOG Resources, Inc. (NYSE:EOG)

On June 29, 2026, Morgan Stanley analyst Devin McDermott lowered the firm’s price target on EOG Resources, Inc. (NYSE:EOG) to $156 from $160 and kept an Equal Weight rating. McDermott noted that oil prices have declined since the U.S. and Iran announced a memorandum of understanding on June 14, with WTI now only slightly above pre-conflict levels. Morgan Stanley refreshed its estimates for the latest energy prices.

Last month, Barclays raised its price target on EOG Resources to $153 from $140 and kept an Equal Weight rating. Barclays said depleting inventories, shrinking OPEC spare capacity, and a “muted” U.S. production response to the Middle East war are reinforcing a tighter oil macro backdrop that is not fully reflected in equities. The firm said this sets up “oily” exploration and production companies for a share re-rating after the conflict. Barclays also cut its gas price outlook on near-term oversupply and adjusted ratings and price targets across integrated oil and exploration and production names.

Also in May, Mizuho raised its price target on EOG Resources to $157 from $149 and kept a Neutral rating. Mizuho expects the impact of the Iran crisis on global oil prices and refining cracks to be prolonged. The firm increased its 2026 and 2027 oil price outlook by 25% and 6%, respectively, while raising its forecast for U.S. refining cracks by 61% and 51%. Mizuho said a pullback in stock valuations despite elevated commodity prices creates an opportunity to seek “alpha” in U.S. oil and gas.

EOG Resources, Inc. (NYSE:EOG) explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in the United States, the Republic of Trinidad and Tobago, and internationally.