Oil and gas producers with the lowest EV/EBIT

Ranked

47

of 72 oil and gas producers we cover

Median

11.1×

Lowest

0.5×

PROP

Range

0.5× to 150×

#	Company	EV/EBIT	PE	Operating margin	Market cap
1	PROPPrairie Operating	0.5×	n/m	0.1%	$43.9M
2	AMPYAmplify Energy	2.3×	9.6×	19.9%	$190.3M
3	PARRPAR Pacific	3.8×	4.5×	13.4%	$3.9B
4	GPORGulfport Energy	5.5×	6.7×	45.0%	$2.9B
5	APAAPA	5.6×	11.0×	37.5%	$18.2B
6	SDSandridge Energy	5.9×	6.6×	41.1%	$547.2M
7	CNXCNX Resources	6.0×	5.8×	53.4%	$5.4B
8	EXEExpand Energy	6.5×	8.1×	26.9%	$21.6B
9	INRInfinity Natural Resources	6.7×	n/m	40.9%	$909.5M
10	REPXRiley Exploration Permian	7.2×	9.8×	38.4%	$1.1B
11	REIRing Energy	7.4×	n/m	−53.0%	$372.6M
12	HESMHess Midstream	7.6×	10.6×	62.1%	$3.9B
13	CHRDChord Energy	7.9×	10.6×	19.0%	$8.6B
14	OVVOvintiv	8.6×	20.5×	9.7%	$19.9B
15	BKVBKV	8.6×	7.4×	33.5%	$2.2B
16	CRGYCrescent Energy	9.1×	n/m	20.6%	$4.6B
17	SMSM Energy	9.1×	7.9×	29.6%	$9.5B
18	RRCRange Resources	9.6×	12.6×	34.8%	$10.6B
19	ARANTERO RESOURCES	9.7×	11.5×	24.7%	$12.3B
20	EOGEOG Resources	9.9×	12.7×	32.9%	$85.5B
21	MTDRMatador Resources	10.2×	10.3×	32.2%	$7.4B
22	OXYOccidental Petroleum	10.6×	9.9×	27.3%	$64.1B
23	EQTEQT	10.9×	12.9×	42.5%	$34.8B
24	MGYMagnolia Oil & Gas	11.1×	11.5×	38.0%	$6.2B
25	PEDPedevco	11.4×	n/m	14.0%	$198.4M
26	BSMBlack Stone Minerals	11.4×	12.4×	64.3%	$3.2B
27	MURMurphy Oil	11.5×	22.0×	18.5%	$6.4B
28	PRPermian Resources	11.8×	16.9×	35.8%	$21.3B
29	COPConocoPhillips	12.0×	19.9×	21.2%	$181.2B
30	CRKComstock Resources	12.4×	7.9×	28.8%	$4.1B
31	MXCMexco Energy	12.8×	13.4×	22.4%	$20.5M
32	DVNDevon Energy	13.5×	12.2×	22.7%	$56.5B
33	ANNAAleAnna	13.9×	13.2×	28.9%	$168M
34	MNRMach Natural Resources	15.1×	20.9×	14.4%	$1.8B
35	GRNTGranite Ridge Resources	15.2×	n/m	7.5%	$772.9M
36	TTITetra Technologies	15.4×	133×	7.3%	$789.2M
37	DMLPDorchester Minerals	16.4×	n/m	n/m	$1.5B
38	KRPKimbell Royalty Partners	17.4×	22.0×	40.1%	$1.9B
39	EGYVaalco Energy	27.3×	n/m	−10.4%	$690.1M
40	BRNBarnwell Industries	32.3×	n/m	−51.1%	$12.6M
41	TPLTexas Pacific Land	34.3×	43.1×	74.9%	$23.3B
42	VTSVitesse Energy	41.9×	n/m	7.0%	$768.4M
43	EPMEvolution Petroleum	43.6×	n/m	4.0%	$157.9M
44	LBLandBridge Co LLC	51.1×	79.9×	61.3%	$6.1B
45	FANGDiamondback Energy	70.1×	39.9×	6.3%	$57.6B
46	VNOMViper Energy	94.5×	361×	12.3%	$16.9B
47	WTIW&T Offshore	150×	n/m	1.0%	$632.5M

Not ranked: 15 with a loss over the last year, 4 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. 4 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.