Oil and gas producers with the lowest price to sales ratio

Ranked

65

of 72 oil and gas producers we cover

Median

2.0×

Lowest

0.1×

RKDA

Range

0.1× to 31.0×

#	Company	P/S	Net margin	Revenue growth (TTM)	Market cap
1	RKDAArcadia Biosciences	0.1×	n/m	−12.2%	$389.3K
2	PROPPrairie Operating	0.1×	−13.0%	+282.7%	$43.9M
3	BATLBattalion Oil	0.3×	−24.5%	−12.0%	$48.7M
4	PARRPAR Pacific	0.4×	9.9%	+13.2%	$3.9B
5	DECDiversified Energy	0.5×	22.6%	n/m	$1B
6	GTEGran Tierra Energy	0.7×	−40.0%	+3.6%	$415M
7	AMPYAmplify Energy	0.9×	10.6%	−23.7%	$190.3M
8	AESIAtlas Energy Solutions	1.0×	−11.1%	−8.1%	$1.1B
9	CRGYCrescent Energy	1.1×	1.3%	+24.3%	$4.6B
10	KOSKosmos Energy	1.1×	−34.2%	+6.4%	$1.7B
11	BRNBarnwell Industries	1.1×	−46.7%	−19.1%	$12.6M
12	WTIW&T Offshore	1.1×	−19.3%	+13.7%	$632.5M
13	REIRing Energy	1.2×	−68.0%	−3.2%	$372.6M
14	TTITetra Technologies	1.2×	1.0%	+5.7%	$789.2M
15	MNRMach Natural Resources	1.3×	7.4%	+34.4%	$1.8B
16	CHRDChord Energy	1.4×	13.4%	+19.2%	$8.6B
17	CRCCalifornia Resources	1.5×	−3.8%	−22.5%	$4.8B
18	TALOTalos Energy	1.6×	−20.5%	+2.4%	$3.1B
19	GRNTGranite Ridge Resources	1.6×	−5.6%	+14.6%	$772.9M
20	NOGNorthern Oil & Gas	1.6×	−25.4%	−25.6%	$3B
21	EXEExpand Energy	1.6×	20.5%	+59.3%	$21.6B
22	EONREON Resources	1.6×	−91.4%	−24.6%	$24.9M
23	PEDPedevco	1.7×	−14.6%	+229.4%	$198.4M
24	SMSM Energy	1.7×	18.2%	+75.4%	$9.5B
25	INRInfinity Natural Resources	1.7×	11.7%	+75.4%	$909.5M
26	EPMEvolution Petroleum	1.8×	−2.8%	+0.6%	$157.9M
27	CRKComstock Resources	1.9×	23.3%	+31.6%	$4.1B
28	PNRGPrimeenergy Resources	1.9×	13.9%	−19.4%	$341.4M
29	BKVBKV	1.9×	22.9%	+36.1%	$2.2B
30	GPORGulfport Energy	1.9×	32.3%	+35.2%	$2.9B
31	TXOTXO Partners	1.9×	−9.2%	+22.2%	$786.8M
32	EGYVaalco Energy	2.0×	−31.1%	−25.5%	$690.1M
33	ARANTERO RESOURCES	2.0×	17.7%	+25.8%	$12.3B
34	MTDRMatador Resources	2.0×	19.9%	−3.6%	$7.4B
35	OVVOvintiv	2.0×	9.4%	+6.0%	$19.9B
36	APAAPA	2.1×	21.1%	−12.4%	$18.2B
37	CNXCNX Resources	2.1×	36.5%	+61.9%	$5.4B
38	MURMurphy Oil	2.1×	9.7%	+8.2%	$6.4B
39	REPXRiley Exploration Permian	2.3×	24.5%	+23.2%	$1.1B
40	HESMHess Midstream	2.4×	23.2%	+2.8%	$3.9B
41	VTSVitesse Energy	2.7×	−4.0%	+8.5%	$768.4M
42	EPSNEpsilon Energy	2.8×	−5.2%	+53.7%	$192.6M
43	COPConocoPhillips	2.9×	14.7%	+9.6%	$181.2B
44	DVNDevon Energy	2.9×	16.7%	+14.6%	$56.5B
45	OXYOccidental Petroleum	3.0×	30.3%	−13.0%	$64.1B
46	SDSandridge Energy	3.0×	46.1%	+23.2%	$547.2M
47	MXCMexco Energy	3.0×	23.3%	−8.9%	$20.5M
48	RRCRange Resources	3.1×	25.0%	+23.2%	$10.6B
49	EOGEOG Resources	3.2×	25.4%	+19.1%	$85.5B
50	FANGDiamondback Energy	3.4×	8.6%	+21.4%	$57.6B
51	EQTEQT	3.6×	28.4%	+32.3%	$34.8B
52	PRPermian Resources	3.7×	21.5%	+12.8%	$21.3B
53	EPEmpire Petroleum	4.1×	n/m	−20.8%	$127.6M
54	MGYMagnolia Oil & Gas	4.2×	28.8%	+11.4%	$6.2B
55	ANNAAleAnna	4.2×	19.8%	n/m	$168M
56	SOCSable Offshore	4.5×	n/m	n/m	$625.5M
57	KRPKimbell Royalty Partners	5.7×	23.0%	+6.2%	$1.9B
58	BSMBlack Stone Minerals	6.9×	61.7%	+5.1%	$3.2B
59	DMLPDorchester Minerals	7.8×	45.5%	+13.9%	$1.5B
60	VNOMViper Energy	8.3×	2.9%	+107.8%	$16.9B
61	TPETTrio Petroleum	10.8×	n/m	+180.3%	$9.2M
62	BSINBig Sky Industrial	11.8×	n/m	−48.7%	$81.4M
63	TPLTexas Pacific Land	26.0×	60.3%	+20.8%	$23.3B
64	LBLandBridge Co LLC	27.1×	16.5%	+44.1%	$6.1B
65	CKXCKX Lands	31.0×	n/m	−17.1%	$21.5M

Not ranked: 1 with a quarter missing, 1 with a value too high to mean anything, 1 with not a meaningful number. 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.