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 $483.3M against $291.8M — 1.7× the size. W&T Offshore, Inc. grew revenue faster over the last twelve months: 20.3% against 7.37%. W&T Offshore, Inc. has the higher net margin (−8.44% vs −53.3%) and the higher return on invested capital (0.00% vs −4.09%). Across the 19 metrics below, W&T Offshore, Inc. leads on 15 and Ring Energy, Inc. on 4.

Valuation

Metric REI WTI Oil & Gas E&P median
P/E n/m n/m 9.67
P/S 0.85 0.79 1.76
P/B 0.40 n/m 1.19
Price to free cash flow 5.89 7.70 8.37
EV/EBITDA 37.89 3.59 4.59
EV/Sales 1.85 1.05 2.27
Earnings yield (79.65%) (10.90%) 7.55%
Free cash flow yield 16.98% 12.99% 3.98%

Profitability

Metric REI WTI Oil & Gas E&P median
Gross margin 0.00% 46.40% 79.54%
Operating margin (20.48%) 4.99% 24.01%
Net margin (53.30%) (8.44%) 14.11%
Free cash flow margin 50.18% 10.23% 7.72%
Return on equity (23.35%) 28.00% 8.99%
Return on assets (13.46%) (5.20%) 4.63%
Return on invested capital (4.09%) 0.00% 6.33%

Growth

Metric REI WTI Oil & Gas E&P median
Revenue growth (TTM) 7.37% 20.26% 13.60%
EPS growth (last fiscal year) (150.00%) (71.19%) (10.17%)
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 0.47 (1.85) 0.29
Current ratio 0.41 1.31 0.92
Net debt to EBITDA 6.31 2.09 0.93

Dividend

Metric REI WTI Oil & Gas E&P median
Dividend yield — 1.28% 3.76%
Payout ratio — — 0.33

Size

Metric REI WTI Oil & Gas E&P median
Market cap 291.81m 483.27m 953.29m

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