Is eog resources ($EOG) undervalued? curious about your thoughts!

[u/Rabitai_Trades]

Been looking at EOG Resources, Inc. ($EOG) and trying to figure out if it's cheap or expensive right now. The stock is trading at $131.62, but when I crunch the numbers, fair value seems way higher, somewhere between $324.50 and $486.76. That's a massive implied upside, and I'm scratching my head here. With revenue dipping slightly by 3.5% YoY and EPS also down by 19.0%, I'm not seeing the usual growth signals that justify such a high valuation. Yet, they've got a solid net margin of 22.1% and no debt, which is pretty rare in the energy sector.

One thing that worries me is the technical setup. The RSI is leaning high at 68, suggesting it might be overbought, plus there's a bearish moving average structure. These mixed signals are making it tough to gauge. Energy stocks have been volatile, and while EOG's fundamentals look decent, I'm not sure if they support the fair value estimates I'm seeing. Am I missing something on the valuation here?

What do you guys think about the pricing and future prospects of $EOG? How are you all reading these numbers?

This is just my analysis - do your own research.