Industry ยท Oct 2026
Oil & Gas Exploration & Production stocks ranked by gap to the model's fair value
Faircurve's model values 24 oil & gas exploration & production stocks. 19 of them are ranked below by the gap between the model's fair value and the last close, as of 31 Oct 2026: 11 read as Undervalued, 8 as Fairly valued and 0 as Overvalued. The median gap across the ranked names is +17.5%. The widest gaps above the price are MTDR (+57.9%), APA (+54.0%), CHRD (+39.6%). The widest below it are RRC (-8.6%), EQT (-8.1%), DVN (-7.7%).
Valuations as of . Prices are the closes of 3 Nov 2026. The gap is the model's fair value against the price: a positive gap means the fair value is above the price. It states what the model concluded, not where the price goes next.
The ranking
| Rank | Company | Last close | Model fair value | Gap | Model verdict | Quality score | Market value |
|---|---|---|---|---|---|---|---|
| 1 | MTDR Matador Resources Company | $54.31 | $85.78 | +57.9% | Undervalued | 63 | $7.5B |
| 2 | APA APA Corporation | $47.77 | $73.57 | +54.0% | Undervalued | 71 | $18.5B |
| 3 | CHRD Chord Energy Corporation | $143.83 | $200.83 | +39.6% | Undervalued | 69 | $8.6B |
| 4 | OVV Ovintiv Inc. | $66.43 | $90.81 | +36.7% | Undervalued | 73 | $20.1B |
| 5 | PR Permian Resources Corporation | $24.00 | $30.87 | +28.6% | Undervalued | 64 | $21.8B |
| 6 | EXE Expand Energy Corporation | $89.93 | $115.56 | +28.5% | Undervalued | 71 | $20.9B |
| 7 | EOG EOG Resources, Inc. | $155.17 | $196.15 | +26.4% | Undervalued | 76 | $86.8B |
| 8 | CRGY Crescent Energy Company | $13.01 | $16.06 | +23.4% | Undervalued | 56 | $4.7B |
| 9 | COP ConocoPhillips | $144.40 | $174.22 | +20.7% | Undervalued | 81 | $185.0B |
| 10 | OXY Occidental Petroleum Corporation | $60.43 | $71.01 | +17.5% | Undervalued | 44 | $64.0B |
| 11 | CNX CNX Resources Corporation | $36.58 | $42.14 | +15.2% | Undervalued | 56 | $5.5B |
| 12 | MGY Magnolia Oil & Gas Corporation | $24.66 | $28.04 | +13.7% | Fairly valued | 87 | $7.1B |
| 13 | MUR Murphy Oil Corporation | $39.46 | $43.60 | +10.5% | Fairly valued | 47 | $6.3B |
| 14 | FANG Diamondback Energy, Inc. | $192.34 | $212.10 | +10.3% | Fairly valued | 53 | $59.4B |
| 15 | CRC California Resources Corp | $51.38 | $53.24 | +3.6% | Fairly valued | 64 | $4.9B |
| 16 | SM SM Energy Company | $36.67 | $36.29 | -1.0% | Fairly valued | 40 | $9.6B |
| 17 | DVN Devon Energy Corporation | $47.62 | $43.93 | -7.7% | Fairly valued | 42 | $57.4B |
| 18 | EQT EQT Corporation | $54.25 | $49.85 | -8.1% | Fairly valued | 49 | $34.6B |
| 19 | RRC Range Resources Corporation | $54.01 | $49.37 | -8.6% | Fairly valued | 74 | $12.8B |
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Valued but not ranked
These 5 names are valued but not ranked, for one of four reasons: the model grades the evidence as low or has not graded it yet, the inputs are under review, the gap is wider than 60%, or the valuation is more than three weeks old. The numbers are shown for reference.
| Company | Last close | Model fair value | Gap | Why it is not ranked | Quality score | Market value |
|---|---|---|---|---|---|---|
| AR Antero Resources Corporation | $39.93 | $36.31 | -9.1% | Low evidence grade | 52 | $12.9B |
| CRK Comstock Resources, Inc. | $13.84 | $9.11 | -34.2% | Low evidence grade | 31 | $4.3B |
| NOG Northern Oil and Gas, Inc. | $24.98 | $37.20 | +48.9% | Low evidence grade | 57 | $3.0B |
| TALO Talos Energy Inc. | $16.10 | $27.42 | +70.3% | Gap wider than 60% | 51 | $3.0B |
| TPL Texas Pacific Land Corporation | $332.00 | $345.86 | +4.2% | Low evidence grade | 76 | $22.9B |