P/E ratio for W&T Offshore (WTI)
P/E ratio as of April 2024 (TTM): 2.77
According to W&T Offshore's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.76744. At the end of 2022 the company had a P/E ratio of 3.49.
P/E ratio history for W&T Offshore from 2005 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.49 | -132.39% |
| 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 | 86.1% |
| 2011 | 9.26 | -18.11% |
| 2010 | 11.3 | -339.74% |
| 2009 | -4.72 | 142.48% |
| 2008 | -1.95 | -112.34% |
| 2007 | 15.8 | 45.26% |
| 2006 | 10.9 | 6.71% |
| 2005 | 10.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 SandRidge Energy
SD | 2.65 | -4.35% | 🇺🇸 USA |
 Contango Oil & Gas Company MCF | N/A | N/A | 🇺🇸 USA |
 Callon Petroleum CPE | 2.36 | -14.82% | 🇺🇸 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.