PrimeEnergy Corporation (PNRG) vs W&T Offshore, Inc. (WTI)

PrimeEnergy Corporation and W&T Offshore, Inc. are both Oil & Gas E&P companies. W&T Offshore, Inc. is the larger, with a market value of $589.8M against $333.7M — 1.8× the size. W&T Offshore, Inc. has negative trailing earnings, so its P/E is not meaningful; PrimeEnergy Corporation trades at 13.7×. W&T Offshore, Inc. grew revenue faster over the last twelve months: 13.8% against −19.4%. PrimeEnergy Corporation has the higher net margin (13.9% vs −19.3%) and the lower return on invested capital (9.18% vs 74.1%). Across the 19 metrics below, PrimeEnergy Corporation leads on 13 and W&T Offshore, Inc. on 6.

Valuation

Metric PNRG WTI Oil & Gas E&P median
P/E 13.69 n/m 10.57
P/S 1.88 0.97 1.80
P/B 1.54 n/m 1.27
Price to free cash flow 6.71 14.45 9.99
EV/EBITDA 3.32 4.91 5.08
EV/Sales 1.80 1.33 2.39
Earnings yield 7.30% (20.00%) 6.06%
Free cash flow yield 14.89% 6.92% 6.17%

Profitability

Metric PNRG WTI Oil & Gas E&P median
Gross margin 68.29% 43.34% 80.41%
Operating margin 15.75% 0.99% 21.39%
Net margin 13.87% (19.32%) 14.17%
Free cash flow margin 27.95% 6.73% 9.71%
Return on equity 11.72% 72.64% 10.05%
Return on assets 7.54% (10.95%) 5.81%
Return on invested capital 9.18% 74.05% 6.32%

Growth

Metric PNRG WTI Oil & Gas E&P median
Revenue growth (TTM) (19.43%) 13.75% 9.94%
EPS growth (last fiscal year) (50.52%) (71.19%) —
Revenue growth, 5-year CAGR 26.47% 7.66% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PNRG WTI Oil & Gas E&P median
Debt to equity 0.01 (1.79) 0.28
Current ratio 1.49 1.17 0.96
Net debt to EBITDA (0.07) 2.09 0.91

Dividend

Metric PNRG WTI Oil & Gas E&P median
Dividend yield — 0.70% 4.93%
Payout ratio 0.00 0.00 0.07

Size

Metric PNRG WTI Oil & Gas E&P median
Market cap 333.69m 589.76m 923.59m

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