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 $589.8M against $351.7M — 1.7× 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 13 and Ring Energy, Inc. on 5.

Valuation

Metric REI WTI Oil & Gas E&P median
P/E n/m n/m 10.57
P/S 0.98 0.97 1.80
P/B 0.42 n/m 1.27
Price to free cash flow 10.12 14.45 9.99
EV/EBITDA n/m 4.91 5.08
EV/Sales 2.09 1.33 2.39
Earnings yield (80.15%) (20.00%) 6.06%
Free cash flow yield 9.88% 6.92% 6.17%

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% 9.71%
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%) —
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 0.91

Dividend

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

Size

Metric REI WTI Oil & Gas E&P median
Market cap 351.73m 589.76m 923.59m

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