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.
ACDC
Undervalued
ProFrac Holding Corp.
Price$4.70
Model IV$5.78
P/IV0.82
Discount 19%
Return to IV: +22.9%
Market implies -6.0%/yr
vs model +0.0% · below model
BORR
Deeply overvalued
Borr Drilling Ltd
Price$4.61
Model IV$2.21
P/IV1.90
Premium +108%
Return to IV: -52.0%
Market implies +16.0%/yr
vs model +8.0% · above model
BTE
Undervalued
BAYTEX ENERGY CORP.
Price$4.74
Model IV$6.09
P/IV0.75
Discount 22%
Return to IV: +28.5%
Market implies -2.1%/yr
vs model +1.8% · below model
CLB
Deeply overvalued
Core Laboratories Inc. /DE/
Price$10.16
Model IV$7.01
P/IV1.95
Premium +45%
Return to IV: -31.0%
Market implies +6.9%/yr
vs model +3.2% · above model
DWSN
Valuation N/A
DAWSON GEOPHYSICAL CO
Price$2.59
Model IV—
P/IV—
Market implies +56.2%/yr
vs model +3.4% · above model
GLND
Valuation N/A
Greenland Energy Co
Price$2.61
Model IV—
P/IV—
Limited data — see page
GLNDW
Valuation N/A
Greenland Energy Co
Price$0.72
Model IV—
P/IV—
Limited data — see page
HAL
Fairly valued
HALLIBURTON CO
Price$32.57
Model IV$31.48
P/IV1.05
Premium +3%
Return to IV: -3.3%
Market implies +5.2%/yr
vs model +5.7% · in line
HLX
Undervalued
HELIX ENERGY SOLUTIONS GROUP INC
Price$10.60
Model IV$14.68
P/IV0.64
Discount 28%
Return to IV: +38.5%
Market implies +1.1%/yr
vs model +8.0% · below model
HP
Fairly valued
Helmerich & Payne, Inc.
Price$40.19
Model IV$45.38
P/IV0.84
Discount 11%
Return to IV: +12.9%
Market implies +4.8%/yr
vs model +8.0% · below model
HPK
Deeply undervalued
HighPeak Energy, Inc.
Price$8.73
Model IV$54.04
P/IV0.13
Discount 84%
Return to IV: +519.0%
Market implies -22.7%/yr
vs model +8.0% · below model
KLXE
Valuation N/A
KLX Energy Services Holdings, Inc.
Price$1.26
Model IV—
P/IV—
Market implies -1.0%/yr
vs model +0.0% · in line
LBRT
Undervalued
Liberty Energy Inc.
Price$18.85
Model IV$24.70
P/IV1.75
Discount 24%
Return to IV: +31.0%
Market implies +2.7%/yr
vs model +8.0% · below model
NBR
Deeply undervalued
NABORS INDUSTRIES LTD
Price$81.56
Model IV$119.37
P/IV0.70
Discount 32%
Return to IV: +46.4%
Market implies -2.3%/yr
vs model +5.4% · below model
NCSM
Deeply undervalued
NCS Multistage Holdings, Inc.
Price$53.35
Model IV$78.42
P/IV0.54
Discount 32%
Return to IV: +47.0%
Market implies -0.6%/yr
vs model +8.0% · below model
NE
Undervalued
Noble Corp plc
Price$42.15
Model IV$56.96
P/IV0.82
Discount 26%
Return to IV: +35.1%
Market implies +2.4%/yr
vs model +8.0% · below model
NESR
Deeply overvalued
National Energy Services Reunited Corp.
Price$23.24
Model IV$8.89
P/IV3.69
Premium +161%
Return to IV: -61.7%
Market implies +18.5%/yr
vs model +6.1% · above model
NGS
Deeply overvalued
NATURAL GAS SERVICES GROUP INC
Price$33.18
Model IV$14.71
P/IV2.67
Premium +126%
Return to IV: -55.7%
Market implies +13.1%/yr
vs model +4.0% · above model
NINE
Valuation N/A
Nine Energy Service, Inc.
Price$7.82
Model IV—
P/IV—
Market implies +24.1%/yr
vs model +8.0% · above model
NOA
Deeply undervalued
North American Construction Group Ltd.
Price$11.88
Model IV$28.48
P/IV0.44
Discount 58%
Return to IV: +139.7%
Market implies -7.9%/yr
vs model +7.4% · below model
OII
Deeply overvalued
OCEANEERING INTERNATIONAL INC
Price$44.58
Model IV$15.60
P/IV2.96
Premium +186%
Return to IV: -65.0%
Market implies +19.2%/yr
vs model +5.9% · above model
PBA
Valuation N/A
PEMBINA PIPELINE CORP
Price$47.15
Model IV—
P/IV—
Limited data — see page
PDS
Fairly valued
PRECISION DRILLING Corp
Price$84.29
Model IV$88.48
P/IV0.93
Discount 5%
Return to IV: +5.0%
Market implies +3.9%/yr
vs model +6.9% · in line
PTEN
Deeply undervalued
PATTERSON UTI ENERGY INC
Price$11.48
Model IV$27.42
P/IV0.41
Discount 58%
Return to IV: +138.9%
Market implies -4.7%/yr
vs model +8.0% · below model
PUMP
Deeply undervalued
ProPetro Holding Corp.
Price$9.04
Model IV$18.29
P/IV0.83
Discount 51%
Return to IV: +102.4%
Market implies -4.1%/yr
vs model +8.0% · below model
RCON
Valuation N/A
Recon Technology, Ltd
Price$1.11
Model IV—
P/IV—
Market implies +24.4%/yr
vs model +5.2% · above model
RES
Overvalued
RPC INC
Price$6.00
Model IV$5.06
P/IV1.16
Premium +19%
Return to IV: -15.7%
Market implies +7.8%/yr
vs model +7.9% · in line
RIG
Deeply overvalued
Transocean Ltd.
Price$5.54
Model IV$3.62
P/IV1.71
Premium +53%
Return to IV: -34.7%
Market implies +12.2%/yr
vs model +8.0% · above model
RNGR
Deeply undervalued
Ranger Energy Services, Inc.
Price$15.46
Model IV$34.36
P/IV0.45
Discount 55%
Return to IV: +122.3%
Market implies -5.5%/yr
vs model +8.0% · below model
SDRL
Valuation N/A
Seadrill Ltd
Price$45.62
Model IV—
P/IV—
Market implies +30.5%/yr
vs model +8.0% · above model
SLB
Fairly valued
SLB LIMITED/NV
Price$48.98
Model IV$54.79
P/IV0.94
Discount 11%
Return to IV: +11.9%
Market implies +3.6%/yr
vs model +6.3% · in line
TUSK
Deeply overvalued
MAMMOTH ENERGY SERVICES, INC.
Price$2.76
Model IV$1.68
P/IV1.99
Premium +64%
Return to IV: -39.0%
Market implies +7.9%/yr
vs model +4.0% · above model
VAL
Deeply overvalued
Valaris Ltd
Price$83.96
Model IV$27.46
P/IV3.37
Premium +206%
Return to IV: -67.3%
Market implies +21.7%/yr
vs model +8.0% · above model
WBI
Valuation N/A
WaterBridge Infrastructure LLC
Price$29.78
Model IV—
P/IV—
Limited data — see page
WTTR
Valuation N/A
Select Water Solutions, Inc.
Price$19.60
Model IV—
P/IV—
Limited data — see page
XPRO
Valuation N/A
Expro Ltd
Price$16.21
Model IV—
P/IV—
Limited data — see page
