Energy stocks with the lowest EV/EBIT

Ranked

119

of 167 energy stocks we cover

Median

14.2×

Lowest

0.5×

PROP

Range

0.5× to 150×

#	Company	EV/EBIT	PE	Operating margin	Market cap
1	PROPPrairie Operating, Oil & Gas Exploration & Production	0.5×	n/m	0.1%	$43.9M
2	AMPYAmplify Energy, Oil & Gas Exploration & Production	2.3×	9.6×	19.9%	$190.3M
3	PARRPAR Pacific, Oil & Gas Exploration & Production	3.8×	4.5×	13.4%	$3.9B
4	PBFPBF Energy, Oil & Gas Integrated	5.0×	6.7×	5.8%	$9B
5	GPORGulfport Energy, Oil & Gas Exploration & Production	5.5×	6.7×	45.0%	$2.9B
6	APAAPA, Oil & Gas Exploration & Production	5.6×	11.0×	37.5%	$18.2B
7	SDSandridge Energy, Oil & Gas Exploration & Production	5.9×	6.6×	41.1%	$547.2M
8	CNXCNX Resources, Oil & Gas Exploration & Production	6.0×	5.8×	53.4%	$5.4B
9	EXEExpand Energy, Oil & Gas Exploration & Production	6.5×	8.1×	26.9%	$21.6B
10	INRInfinity Natural Resources, Oil & Gas Exploration & Production	6.7×	n/m	40.9%	$909.5M
11	HOSHornbeck Offshore Services, Oil & Gas Equipment & Services	7.0×	26.3×	5.6%	$1B
12	REPXRiley Exploration Permian, Oil & Gas Exploration & Production	7.2×	9.8×	38.4%	$1.1B
13	NBRNabors Industries, Oil & Gas Drilling	7.3×	6.0×	20.3%	$1.3B
14	REIRing Energy, Oil & Gas Exploration & Production	7.4×	n/m	−53.0%	$372.6M
15	HESMHess Midstream, Oil & Gas Exploration & Production	7.6×	10.6×	62.1%	$3.9B
16	CHRDChord Energy, Oil & Gas Exploration & Production	7.9×	10.6×	19.0%	$8.6B
17	PAGPPlains GP, Oil & Gas Midstream	8.0×	n/m	3.1%	$5.7B
18	DINOHF Sinclair, Oil & Gas Refining & Marketing	8.4×	11.6×	8.3%	$21.6B
19	OVVOvintiv, Oil & Gas Exploration & Production	8.6×	20.5×	9.7%	$19.9B
20	BKVBKV, Oil & Gas Exploration & Production	8.6×	7.4×	33.5%	$2.2B
21	CRGYCrescent Energy, Oil & Gas Exploration & Production	9.1×	n/m	20.6%	$4.6B
22	SMSM Energy, Oil & Gas Exploration & Production	9.1×	7.9×	29.6%	$9.5B
23	FSLRFirst Solar, Solar	9.3×	10.6×	33.6%	$18.5B
24	RRCRange Resources, Oil & Gas Exploration & Production	9.6×	12.6×	34.8%	$10.6B
25	ARANTERO RESOURCES, Oil & Gas Exploration & Production	9.7×	11.5×	24.7%	$12.3B
26	NCNacco Industries, Coal	9.8×	15.0×	8.3%	$260.5M
27	EOGEOG Resources, Oil & Gas Exploration & Production	9.9×	12.7×	32.9%	$85.5B
28	MTDRMatador Resources, Oil & Gas Exploration & Production	10.2×	10.3×	32.2%	$7.4B
29	OXYOccidental Petroleum, Oil & Gas Exploration & Production	10.6×	9.9×	27.3%	$64.1B
30	EQTEQT, Oil & Gas Exploration & Production	10.9×	12.9×	42.5%	$34.8B
31	WFRDWeatherford International, Oil & Gas Equipment & Services	10.9×	17.1×	12.7%	$6.2B
32	MPCMarathon Petroleum, Oil & Gas Refining & Marketing	11.1×	15.7×	9.2%	$128.4B
33	MGYMagnolia Oil & Gas, Oil & Gas Exploration & Production	11.1×	11.5×	38.0%	$6.2B
34	PEDPedevco, Oil & Gas Exploration & Production	11.4×	n/m	14.0%	$198.4M
35	BSMBlack Stone Minerals, Oil & Gas Exploration & Production	11.4×	12.4×	64.3%	$3.2B
36	PSXPhillips 66, Oil & Gas Refining & Marketing	11.4×	16.2×	3.9%	$113B
37	CLBCore Laboratories, Oil & Gas Equipment & Services	11.5×	19.1×	9.2%	$454.7M
38	MURMurphy Oil, Oil & Gas Exploration & Production	11.5×	22.0×	18.5%	$6.4B
39	PRPermian Resources, Oil & Gas Exploration & Production	11.8×	16.9×	35.8%	$21.3B
40	CQPCheniere Energy Partners, Oil & Gas Midstream	11.9×	11.4×	33.6%	$32B
41	DKDelek US, Oil & Gas Integrated	12.0×	20.7×	4.8%	$4.6B
42	ARLPAlliance Resource Partners, Coal	12.0×	12.8×	14.7%	$3.4B
43	COPConocoPhillips, Oil & Gas Exploration & Production	12.0×	19.9×	21.2%	$181.2B
44	VGVenture Global, Oil & Gas Midstream	12.1×	11.0×	37.6%	$35B
45	HALHalliburton, Oil & Gas Equipment & Services	12.2×	18.3×	11.4%	$29.1B
46	AROCArchrock, Oil & Gas Midstream	12.3×	15.7×	40.0%	$5.1B
47	ETEnergy Transfer, Oil & Gas Midstream	12.3×	n/m	10.0%	$69B
48	CRKComstock Resources, Oil & Gas Exploration & Production	12.4×	7.9×	28.8%	$4.1B
49	OIIOceaneering International, Oil & Gas Equipment & Services	12.6×	11.9×	10.4%	$3.9B
50	VLOValero Energy, Oil & Gas Refining & Marketing	12.7×	17.4×	7.2%	$120.7B
51	MXCMexco Energy, Oil & Gas Exploration & Production	12.8×	13.4×	22.4%	$20.5M
52	RIGTransocean, Oil & Gas Drilling	13.1×	n/m	−24.2%	$7.2B
53	FLOCFlowco, Oil & Gas Equipment & Services	13.3×	n/m	18.8%	$1.8B
54	NGLNGL Energy Partners, Oil & Gas Midstream	13.5×	n/m	4.0%	$1.9B
55	DVNDevon Energy, Oil & Gas Exploration & Production	13.5×	12.2×	22.7%	$56.5B
56	NRPNatural Resource Partners, Coal	13.7×	14.8×	60.6%	$1.5B
57	ANNAAleAnna, Oil & Gas Exploration & Production	13.9×	13.2×	28.9%	$168M
58	GELGenesis Energy, Oil & Gas Midstream	13.9×	74.1×	19.1%	$1.7B
59	LNGCheniere Energy, Oil & Gas Midstream	14.0×	22.2×	29.9%	$61.7B
60	CVXChevron, Oil & Gas Integrated	14.2×	22.4×	12.4%	$460.8B
61	EPDEnterprise Products Partners, Oil & Gas Midstream	14.2×	12.9×	13.4%	$80.1B
62	MNRMach Natural Resources, Oil & Gas Exploration & Production	15.1×	20.9×	14.4%	$1.8B
63	GRNTGranite Ridge Resources, Oil & Gas Exploration & Production	15.2×	n/m	7.5%	$772.9M
64	OKEONEOK, Oil & Gas Midstream	15.2×	16.5×	15.5%	$60.4B
65	TTITetra Technologies, Oil & Gas Exploration & Production	15.4×	133×	7.3%	$789.2M
66	DWSNDawson Geophysical, Oil & Gas Midstream	15.5×	16.9×	4.6%	$63M
67	RNGRRanger Energy Services, Oil & Gas Equipment & Services	15.6×	24.5×	3.7%	$344.2M
68	WESWestern Midstream Partners, Oil & Gas Midstream	15.8×	14.2×	40.2%	$18.6B
69	PAAPlains All American Pipeline, Oil & Gas Midstream	15.9×	n/m	3.1%	$18.8B
70	FTITechnipFMC, Oil & Gas Equipment & Services	16.1×	24.3×	14.5%	$27.4B
71	DMLPDorchester Minerals, Oil & Gas Exploration & Production	16.4×	n/m	n/m	$1.5B
72	NGSNatural Gas Services, Oil & Gas Equipment & Services	16.7×	19.2×	21.6%	$399.5M
73	CPKChesapeake Utilities, Oil & Gas Midstream	17.2×	21.4×	27.3%	$3.2B
74	OISOil States International, Oil & Gas Equipment & Services	17.2×	n/m	−14.4%	$518.8M
75	SLBSlb, Oil & Gas Equipment & Services	17.4×	25.6×	11.4%	$78.7B
76	KRPKimbell Royalty Partners, Oil & Gas Exploration & Production	17.4×	22.0×	40.1%	$1.9B
77	NOVNOV, Oil & Gas Equipment & Services	17.4×	76.0×	5.1%	$7B
78	XOMExxon Mobil, Oil & Gas Integrated	17.5×	23.6×	10.7%	$753.3B
79	AMAntero Midstream, Oil & Gas Midstream	17.9×	24.8×	49.6%	$9.9B
80	KGSKodiak Gas Services, Oil & Gas Midstream	18.2×	52.8×	27.4%	$4.5B
81	VVVValvoline, Oil & Gas Refining & Marketing	18.4×	40.0×	15.3%	$4B
82	HPKHighPeak Energy, Oil & Gas Drilling	18.9×	n/m	14.8%	$1.5B
83	INVXInnovex International, Oil & Gas Equipment & Services	18.9×	33.6×	10.0%	$2.1B
84	HCCWarrior MET Coal, Coal	19.0×	20.6×	13.6%	$4.5B
85	NENoble, Oil & Gas Drilling	19.1×	50.2×	11.4%	$7.6B
86	WHDCactus, Oil & Gas Equipment & Services	19.4×	54.0×	18.6%	$5.1B
87	BKRBaker Hughes, Oil & Gas Equipment & Services	19.4×	18.0×	12.0%	$55.5B
88	SWXSouthwest Gas, Oil & Gas Midstream	19.7×	12.7×	28.7%	$6.6B
89	KWRQuaker Chemical, Oil & Gas Refining & Marketing	20.0×	27.7×	7.7%	$2.7B
90	RESRPC, Oil & Gas Equipment & Services	20.1×	69.4×	1.9%	$1.4B
91	CVICVR Energy, Oil & Gas Integrated	20.3×	84.3×	4.1%	$5.8B
92	SMCSummit Midstream, Oil & Gas Midstream	20.6×	n/m	14.6%	$633.8M
93	RGCORGC Resources, Oil & Gas Midstream	20.7×	17.0×	17.3%	$237.8M
94	KMIKinder Morgan, Oil & Gas Midstream	21.1×	22.1×	29.0%	$76.7B
95	TRGPTarga Resources, Oil & Gas Midstream	21.9×	28.9×	22.9%	$64.8B
96	HPHelmerich & Payne, Oil & Gas Drilling	22.1×	n/m	2.3%	$3.9B
97	FETForum Energy Technologies, Oil & Gas Equipment & Services	22.5×	n/m	4.6%	$980.3M
98	DTMDT Midstream, Oil & Gas Midstream	24.5×	27.1×	49.6%	$12.6B
99	WMBWilliams Companies, Oil & Gas Midstream	24.7×	28.6×	38.2%	$87.7B
100	SDRLSEADRILL, Oil & Gas Drilling	25.5×	n/m	7.8%	$3.3B

The first 100 of 119.

Not ranked: 26 with a loss over the last year, 5 with not a meaningful number, 1 with a value above 300× (too small a base to compare), 1 with a value too high to mean anything. 12 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.