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US Market Fair Value

Market valuation is derived from the median price/fair value of constituent companies, as evaluated by Morningstar analysts.

Most Undervalued Energy Stocks

Screen With Investor

Name	Evaluated Price	Fair Value / Uncertainty	Price/Fair Value	Morningstar Rating for Stocks
Expand Energy Corp Ordinary Shares - New EXE	$87.34	$139.00 High	0.63
Antero Resources Corp AR	$37.43	$55.00 High	0.68
EXCO Resources Inc EXCE	$103.18	$150.00 High	0.69
LOCK\|Xdr P&?&%p Z?J> WYR	$44.12	$62.00 High	0.71
LOCK\|Mc< @gLCJp @J wW#kG dH$# JBXY	$49.87	$70.00 Medium	0.71
LOCK\|lPnp ^v<?^#!J Kv CT	$19.46	$25.00 Medium	0.78

Most Overvalued Energy Stocks

Screen With Investor

Name	Evaluated Price	Fair Value / Uncertainty	Price/Fair Value	Morningstar Rating for Stocks
Phillips 66 PSX	$259.63	$188.00 High	1.38
Equinor ASA ADR EQNR	$42.80	$33.00 High	1.30
Eni SpA ADR E	$56.54	$49.30 High	1.15
LOCK\|w@ZQjy @sYsP$! XyjQx#mW? $GS TKY	$49.64	$44.00 High	1.13

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