Oil & Gas E&P Stocks — Fair Value & Margin of Safety

Equity Rank covers 49 Oil & Gas E&P companies; 42 have a published model fair value, and 25 of those (60%) trade below the model estimate. The median model fair value sits 5.0% above the current price, under these model assumptions. Data as of 2026-10-22.

Source: Equity Rank — Oil & Gas E&P stocks. Model fair value is a multi-method blend (DCF, Graham Number, earnings power, sector multiples and more), recomputed after each U.S. market close.

Oil & Gas E&P stocks furthest below the model estimate

Among companies valued by at least five methods. A wide gap can also mean the models are missing something.

  1. CRGY — Crescent Energy Co: model fair value $21.43 vs. price $13.33, a model fair value differential of 60.8% above the current price (as of 2026-10-22)
  2. SD — SandRidge Energy Inc: model fair value $21.39 vs. price $14.24, a model fair value differential of 50.2% above the current price (as of 2026-10-22)
  3. REPX — Riley Exploration Permian Inc: model fair value $72.51 vs. price $51.10, a model fair value differential of 41.9% above the current price (as of 2026-10-22)
  4. GPOR — Gulfport Energy Operating Corp: model fair value $221.29 vs. price $160.50, a model fair value differential of 37.9% above the current price (as of 2026-10-22)
  5. VIST — Vista Energy, S.A.B. de C.V.: model fair value $96.64 vs. price $70.61, a model fair value differential of 36.9% above the current price (as of 2026-10-22)
  6. GPRK — GeoPark Ltd: model fair value $14.92 vs. price $11.28, a model fair value differential of 32.3% above the current price (as of 2026-10-22)
  7. PNRG — PrimeEnergy Corporation: model fair value $254.75 vs. price $192.85, a model fair value differential of 32.1% above the current price (as of 2026-10-22)
  8. MNR — Mach Natural Resources LP: model fair value $13.97 vs. price $10.61, a model fair value differential of 31.7% above the current price (as of 2026-10-22)
  9. EXE — Expand Energy Corporation: model fair value $118.63 vs. price $92.96, a model fair value differential of 27.6% above the current price (as of 2026-10-22)
  10. CHRD — Chord Energy Corp: model fair value $188.44 vs. price $150.48, a model fair value differential of 25.2% above the current price (as of 2026-10-22)

All 49 Oil & Gas E&P companies

TickerCompanyPriceModel fair valueGap
COPConocoPhillips$145.63$134.86-7.4%
CNQCanadian Natural Resources Ltd$53.92Not published—
EOGEOG Resources Inc$157.96$157.35-0.4%
OXYOccidental Petroleum Corporation$62.50$60.27-3.6%
FANGDiamondback Energy Inc$197.14$173.66-11.9%
DVNDevon Energy Corporation$49.18$47.31-3.8%
WDSWoodside Energy Group Ltd$22.87$23.62+3.3%
EQTEQT Corporation$54.66$49.54-9.4%
TPLTexas Pacific Land Corporation$333.67$118.65-64.4%
EXEExpand Energy Corporation$92.96$118.63+27.6%
PRPermian Resources Corporation$24.40$25.39+4.1%
OVVOvintiv Inc$69.30$66.59-3.9%
APAAPA Corporation$49.44$45.95-7.1%
ARAntero Resources Corp$39.05$36.40-6.8%
RRCRange Resources Corp$43.86$40.72-7.2%
SMSM Energy Co$38.42$41.19+7.2%
CHRDChord Energy Corp$150.48$188.44+25.2%
VISTVista Energy, S.A.B. de C.V.$70.61$96.64+36.9%
MTDRMatador Resources Company$56.79$68.06+19.9%
MGYMagnolia Oil & Gas Corp$25.27$24.97-1.2%
LBLandBridge Company LLC$76.96$39.13-49.2%
MURMurphy Oil Corporation$42.37$44.88+5.9%
CRGYCrescent Energy Co$13.33$21.43+60.8%
CNXCNX Resources Corp$35.73$43.86+22.8%
CRCCalifornia Resources Corp$52.96$64.11+21.1%
CRKComstock Resources Inc$13.97$12.94-7.4%
BTEBaytex Energy Corp$5.32Not published—
BSMBlack Stone Minerals LP$14.71$14.43-1.9%
TALOTalos Energy$17.66$21.80+23.4%
NOGNorthern Oil & Gas Inc$27.26$28.32+3.9%
GPORGulfport Energy Operating Corp$160.50$221.29+37.9%
BKVBKV Corporation$20.71$24.14+16.6%
KRPKimbell Royalty Partners LP$16.48$14.47-12.2%
VETVermilion Energy Inc.$13.45Not published—
MNRMach Natural Resources LP$10.61$13.97+31.7%
GFRGreenfire Resources Ltd.$6.67Not published—
DMLPDorchester Minerals LP$29.98$26.93-10.2%
HPKHighPeak Energy, Inc$11.08$15.48+39.7%
REPXRiley Exploration Permian Inc$51.10$72.51+41.9%
TBNTamboran Resources Corporation$27.79Not published—
OBEObsidian Energy Ltd$11.57Not published—
TXOMorningStar Partners, L.P.$13.89$14.85+6.9%
VTSVitesse Energy Inc$17.84$20.10+12.7%
GPRKGeoPark Ltd$11.28$14.92+32.3%
GRNTGranite Ridge Resources Inc$5.65$7.30+29.2%
EGYVaalco Energy Inc$6.23$6.47+3.9%
SDSandRidge Energy Inc$14.24$21.39+50.2%
GTEGran Tierra Energy Inc$11.35Not published—
PNRGPrimeEnergy Corporation$192.85$254.75+32.1%

Largest companies first. Gap = model fair value differential versus the current price; positive means the price sits below the model estimate. “Not published” means the models lacked reliable data.

Compare Oil & Gas E&P peers

COP vs EOG · COP vs OXY · COP vs FANG · COP vs DVN · COP vs WDS · EOG vs OXY · EOG vs FANG · EOG vs DVN · EOG vs WDS · OXY vs FANG · OXY vs DVN · OXY vs WDS · FANG vs DVN · FANG vs WDS · DVN vs WDS

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