Educational use only — not investment advice. "Undervalued / fairly valued / overvalued" and every risk score reflect our models vs. price, which can be wrong or based on stale or incomplete data. Always review the company's own financials and SEC filings, and consult a licensed advisor, before acting.
AESI
Overvalued
Atlas Energy Solutions Inc.
Price$12.16
Model IV$10.08
P/IV1.19
Premium +21%
Return to IV: -17.1%
Market implies +8.0%/yr
vs model +8.0% · in line
AGIG
Valuation N/A
ABUNDIA GLOBAL IMPACT GROUP, INC.
Price$0.94
Model IV—
P/IV—
Market implies +35.9%/yr
vs model +0.0% · above model
AMPY
Deeply undervalued
Amplify Energy Corp.
Price$4.58
Model IV$7.72
P/IV0.54
Discount 41%
Return to IV: +68.5%
Market implies -11.1%/yr
vs model +0.9% · below model
ANNA
Valuation N/A
AleAnna, Inc.
Price$2.55
Model IV—
P/IV—
Market implies +54.0%/yr
vs model +4.0% · above model
ANNAW
Deeply overvalued
AleAnna, Inc.
Price$0.25
Model IV$0.10
P/IV2.77
Premium +156%
Return to IV: -61.0%
Market implies +13.3%/yr
vs model +4.0% · above model
APA
Undervalued
APA Corp
Price$45.47
Model IV$55.84
P/IV0.76
Discount 19%
Return to IV: +22.8%
Market implies +0.5%/yr
vs model +3.8% · below model
AR
Deeply undervalued
ANTERO RESOURCES Corp
Price$36.06
Model IV$59.63
P/IV0.56
Discount 40%
Return to IV: +65.4%
Market implies -3.7%/yr
vs model +3.8% · below model
BATL
Deeply undervalued
BATTALION OIL CORP
Price$1.03
Model IV$6.89
P/IV0.16
Discount 85%
Return to IV: +568.4%
Market implies -41.0%/yr
vs model +0.0% · below model
BKV
Deeply overvalued
BKV Corp
Price$23.94
Model IV$8.98
P/IV2.43
Premium +167%
Return to IV: -62.5%
Market implies +12.1%/yr
vs model +0.0% · above model
BRN
Deeply overvalued
BARNWELL INDUSTRIES INC
Price$0.95
Model IV$0.21
P/IV4.56
Premium +351%
Return to IV: -77.8%
Market implies +17.2%/yr
vs model +0.0% · above model
BSM
Undervalued
Black Stone Minerals, L.P.
Price$14.75
Model IV$19.04
P/IV0.77
Discount 23%
Return to IV: +29.1%
Market implies +0.4%/yr
vs model +4.9% · below model
CHRD
Deeply undervalued
Chord Energy Corp
Price$142.34
Model IV$262.77
P/IV0.52
Discount 46%
Return to IV: +84.6%
Market implies -4.5%/yr
vs model +4.9% · below model
CKX
Deeply overvalued
CKX LANDS, INC.
Price$10.40
Model IV$2.53
P/IV4.20
Premium +311%
Return to IV: -75.7%
Market implies +17.3%/yr
vs model +3.3% · above model
CNQ
Overvalued
CANADIAN NATURAL RESOURCES Ltd
Price$49.05
Model IV$40.07
P/IV1.19
Premium +22%
Return to IV: -18.3%
Market implies +4.6%/yr
vs model +2.1% · in line
CNX
Fairly valued
CNX Resources Corp
Price$33.83
Model IV$34.23
P/IV0.96
Discount 1%
Return to IV: +1.2%
Market implies +3.1%/yr
vs model +3.9% · in line
CRC
Deeply undervalued
California Resources Corp
Price$53.05
Model IV$85.10
P/IV0.61
Discount 38%
Return to IV: +60.4%
Market implies +0.1%/yr
vs model +8.0% · below model
CRGY
Deeply undervalued
Crescent Energy Co
Price$13.01
Model IV$67.06
P/IV0.46
Discount 81%
Return to IV: +415.4%
Market implies -15.0%/yr
vs model +8.0% · below model
CRK
Fairly valued
COMSTOCK RESOURCES INC
Price$13.71
Model IV$15.31
P/IV0.88
Discount 10%
Return to IV: +11.7%
Market implies +1.9%/yr
vs model +4.0% · in line
CVE
Deeply overvalued
CENOVUS ENERGY INC.
Price$31.49
Model IV$14.04
P/IV2.23
Premium +124%
Return to IV: -55.4%
Market implies +13.6%/yr
vs model +2.5% · above model
DEC
Deeply undervalued
Diversified Energy Co
Price$14.10
Model IV$35.19
P/IV0.41
Discount 60%
Return to IV: +149.6%
Market implies -16.4%/yr
vs model +0.0% · below model
DMLP
Deeply undervalued
DORCHESTER MINERALS, L.P.
Price$29.45
Model IV$56.62
P/IV0.48
Discount 48%
Return to IV: +92.3%
Market implies -2.9%/yr
vs model +8.0% · below model
DVN
Deeply undervalued
DEVON ENERGY CORP/DE
Price$48.92
Model IV$75.41
P/IV0.65
Discount 35%
Return to IV: +54.1%
Market implies -1.4%/yr
vs model +5.5% · below model
E
Fairly valued
ENI SPA
Price$55.62
Model IV$51.09
P/IV1.07
Premium +9%
Return to IV: -8.1%
Market implies +3.8%/yr
vs model +3.0% · in line
EC
Valuation N/A
ECOPETROL S.A.
Price$16.94
Model IV—
P/IV—
Limited data — see page
EGY
Overvalued
VAALCO ENERGY INC /DE/
Price$6.00
Model IV$5.09
P/IV1.15
Premium +18%
Return to IV: -15.2%
Market implies +5.1%/yr
vs model +4.4% · in line
EOG
Deeply undervalued
EOG RESOURCES INC
Price$148.51
Model IV$236.41
P/IV0.60
Discount 37%
Return to IV: +59.2%
Market implies -2.9%/yr
vs model +4.3% · below model
EONR
Deeply overvalued
EON Resources Inc.
Price$0.49
Model IV$0.13
P/IV4.00
Premium +280%
Return to IV: -73.7%
Market implies +14.8%/yr
vs model +0.0% · above model
EP
Deeply overvalued
EMPIRE PETROLEUM CORP
Price$2.96
Model IV$0.88
P/IV2.87
Premium +235%
Return to IV: -70.1%
Market implies +18.8%/yr
vs model +5.1% · above model
EPM
Deeply undervalued
EVOLUTION PETROLEUM CORP
Price$3.64
Model IV$18.45
P/IV0.23
Discount 80%
Return to IV: +406.7%
Market implies -17.1%/yr
vs model +8.0% · below model
EPSN
Deeply overvalued
Epsilon Energy Ltd.
Price$6.07
Model IV$4.24
P/IV1.43
Premium +43%
Return to IV: -30.1%
Market implies +9.2%/yr
vs model +8.0% · in line
EQT
Fairly valued
EQT Corp
Price$52.94
Model IV$48.89
P/IV1.12
Premium +8%
Return to IV: -7.7%
Market implies +5.5%/yr
vs model +5.5% · in line
EXE
Deeply overvalued
EXPAND ENERGY Corp
Price$88.86
Model IV$57.79
P/IV1.51
Premium +54%
Return to IV: -35.0%
Market implies +9.3%/yr
vs model +4.0% · above model
FANG
Fairly valued
Diamondback Energy, Inc.
Price$191.68
Model IV$224.66
P/IV0.84
Discount 15%
Return to IV: +17.2%
Market implies +4.3%/yr
vs model +8.0% · below model
FTW
Valuation N/A
PRESIDIO PRODUCTION Co
Price$9.52
Model IV—
P/IV—
Limited data — see page
GBR
Valuation N/A
New Concept Energy, Inc.
Price$0.72
Model IV—
P/IV—
Market implies +150.0%/yr
GFR
Valuation N/A
Greenfire Resources Ltd.
Price$6.26
Model IV—
P/IV—
Market implies +110.1%/yr
vs model +0.0% · above model
GPOR
Deeply undervalued
GULFPORT ENERGY CORP
Price$164.64
Model IV$867.27
P/IV0.19
Discount 81%
Return to IV: +426.8%
Market implies -15.4%/yr
vs model +8.0% · below model
GPRK
Valuation N/A
GeoPark Ltd
Price$11.45
Model IV—
P/IV—
Limited data — see page
GRNT
Deeply undervalued
Granite Ridge Resources, Inc.
Price$4.80
Model IV$46.20
P/IV0.11
Discount 90%
Return to IV: +862.6%
Market implies -25.9%/yr
vs model +8.0% · below model
GTE
Deeply undervalued
GRAN TIERRA ENERGY INC.
Price$10.49
Model IV$110.21
P/IV0.07
Discount 90%
Return to IV: +950.6%
Market implies -32.1%/yr
vs model +5.4% · below model
HESM
Deeply undervalued
Hess Midstream LP
Price$34.00
Model IV$124.82
P/IV0.30
Discount 73%
Return to IV: +267.1%
Market implies -11.3%/yr
vs model +6.6% · below model
INDO
Valuation N/A
Indonesia Energy Corp Ltd
Price$2.81
Model IV—
P/IV—
Market implies +37.4%/yr
vs model +0.0% · above model
INR
Valuation N/A
INFINITY NATURAL RESOURCES, INC.
Price$13.35
Model IV—
P/IV—
Market implies +57.7%/yr
vs model +8.0% · above model
KGEI
Valuation N/A
Kolibri Global Energy Inc.
Price$6.46
Model IV—
P/IV—
Limited data — see page
KOS
Undervalued
Kosmos Energy Ltd.
Price$2.69
Model IV$3.79
P/IV0.70
Discount 29%
Return to IV: +40.7%
Market implies -8.1%/yr
vs model +0.0% · below model
KRP
Valuation N/A
Kimbell Royalty Partners, LP
Price$15.16
Model IV—
P/IV—
Limited data — see page
MGY
Fairly valued
Magnolia Oil & Gas Corp
Price$24.48
Model IV$28.01
P/IV0.87
Discount 13%
Return to IV: +14.4%
Market implies +1.7%/yr
vs model +4.3% · in line
MNR
Deeply undervalued
MACH NATURAL RESOURCES LP
Price$10.67
Model IV$84.02
P/IV0.16
Discount 87%
Return to IV: +687.4%
Market implies -21.4%/yr
vs model +8.0% · below model
MTDR
Deeply undervalued
Matador Resources Co
Price$54.48
Model IV$173.71
P/IV0.31
Discount 69%
Return to IV: +218.9%
Market implies -8.5%/yr
vs model +8.0% · below model
MUR
Deeply undervalued
MURPHY OIL CORP
Price$38.60
Model IV$193.31
P/IV0.19
Discount 80%
Return to IV: +400.8%
Market implies -19.0%/yr
vs model +3.0% · below model
MVO
Valuation N/A
MVO
Price$0.60
Model IV—
P/IV—
Limited data — see page
MXC
Fairly valued
MEXCO ENERGY CORP
Price$10.49
Model IV$9.87
P/IV1.08
Premium +6%
Return to IV: -5.9%
Market implies -0.9%/yr
vs model +2.8% · below model
NOG
Deeply undervalued
NORTHERN OIL & GAS, INC.
Price$25.14
Model IV$260.62
P/IV0.08
Discount 90%
Return to IV: +936.7%
Market implies -26.0%/yr
vs model +8.0% · below model
NUAI
Valuation N/A
New ERA Energy & Digital, Inc.
Price$4.83
Model IV—
P/IV—
Market implies +69.1%/yr
vs model +4.0% · above model
NUAIW
Valuation N/A
New ERA Energy & Digital, Inc.
Price$2.59
Model IV—
P/IV—
Market implies +58.2%/yr
vs model +4.0% · above model
OBE
Valuation N/A
OBSIDIAN ENERGY LTD.
Price$11.11
Model IV—
P/IV—
Limited data — see page
OVV
Fairly valued
Ovintiv Inc.
Price$63.37
Model IV$70.35
P/IV0.85
Discount 10%
Return to IV: +11.0%
Market implies +1.1%/yr
vs model +3.0% · in line
OXY
Fairly valued
OCCIDENTAL PETROLEUM CORP /DE/
Price$60.28
Model IV$56.59
P/IV1.03
Premium +7%
Return to IV: -6.1%
Market implies +2.1%/yr
vs model +1.5% · in line
PARR
Deeply undervalued
PAR PACIFIC HOLDINGS, INC.
Price$87.65
Model IV$188.82
P/IV0.30
Discount 54%
Return to IV: +115.4%
Market implies -3.4%/yr
vs model +8.0% · below model
PBR
Deeply undervalued
PETROBRAS - PETROLEO BRASILEIRO SA
Price$24.69
Model IV$263.97
P/IV0.08
Discount 91%
Return to IV: +969.1%
Market implies -33.4%/yr
vs model +7.1% · below model
