P/E ratio for W&T Offshore (WTI)
P/E ratio as of January 2023 (TTM): 3.88
According to W&T Offshore's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.87805. At the end of 2021 the company had a P/E ratio of -10.8.
P/E ratio history for W&T Offshore from 2005 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -10.8 | -233.96% |
| 2020 | 8.04 | -26.28% |
| 2019 | 10.9 | 355.13% |
| 2018 | 2.40 | -60.2% |
| 2017 | 6.02 | -853.9% |
| 2016 | -0.7983 | 375.51% |
| 2015 | -0.1679 | -99.66% |
| 2014 | -48.9 | -304.91% |
| 2013 | 23.9 | 38.55% |
| 2012 | 17.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 SandRidge Energy
SD | 3.62 | -6.63% | 🇺🇸 USA |
 Contango Oil & Gas Company MCF | N/A | -100.00% | 🇺🇸 USA |
 Callon Petroleum CPE | 2.16 | -44.27% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.