Ring Energy, Inc. (REI) vs W&T Offshore, Inc. (WTI)

Ring Energy, Inc. and W&T Offshore, Inc. are both Oil & Gas E&P companies. W&T Offshore, Inc. is the larger, with a market value of $552.5M against $341.3M — 1.6× the size. W&T Offshore, Inc. grew revenue faster over the last twelve months: 13.8% against −3.15%. W&T Offshore, Inc. has the higher net margin (−19.3% vs −68.0%) and the higher return on invested capital (74.1% vs −9.64%). Across the 18 metrics below, W&T Offshore, Inc. leads on 12 and Ring Energy, Inc. on 6.

Valuation

Metric REI WTI Oil & Gas E&P median
P/E n/m n/m 11.01
P/S 0.99 1.02 1.98
P/B 0.43 n/m 1.30
Price to free cash flow 10.19 15.16 10.68
EV/EBITDA n/m 5.09 5.09
EV/Sales 2.10 1.38 2.63
Earnings yield (79.56%) (19.06%) 5.78%
Free cash flow yield 9.81% 6.60% 4.91%

Profitability

Metric REI WTI Oil & Gas E&P median
Gross margin 71.76% 43.34% 80.41%
Operating margin (53.03%) 0.99% 21.39%
Net margin (68.02%) (19.32%) 14.17%
Free cash flow margin 9.71% 6.73% 8.18%
Return on equity (26.68%) 72.64% 10.05%
Return on assets (15.75%) (10.95%) 5.81%
Return on invested capital (9.64%) 74.05% 6.32%

Growth

Metric REI WTI Oil & Gas E&P median
Revenue growth (TTM) (3.15%) 13.75% 9.94%
EPS growth (last fiscal year) (150.00%) (71.19%) (10.50%)
Revenue growth, 5-year CAGR 22.14% 7.66% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric REI WTI Oil & Gas E&P median
Debt to equity 0.48 (1.79) 0.28
Current ratio 0.54 1.17 0.96
Net debt to EBITDA 6.31 2.09 0.89

Dividend

Metric REI WTI Oil & Gas E&P median
Dividend yield — 1.04% 3.29%
Payout ratio — — 0.35

Size

Metric REI WTI Oil & Gas E&P median
Market cap 341.30m 552.45m 1.04b

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