APA vs BTE vs EOG Stock Comparison

Apa, Baytex Energy and Eog Resources Prices as of Oct 26, 2026 Peers: Industry group
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APA APA Corp
$51.66 +20.9% 1M +116.8% 1Y
Market cap
$17.91B
P/E
10.7x
Revenue (TTM)
$8.61B
Div. yield
0.02%
Oil and Gas Exploration and Production Energy
4 wins
BTE Baytex Energy Corp.
$5.53 +22.1% 1M +131.4% 1Y
Market cap
$4.18B
P/E
–
Revenue (TTM)
$1.74B
Div. yield
0.02%
Oil and Gas Exploration and Production Energy
3 wins
EOG Eog Resources Inc
$163.70 +16.6% 1M +53.9% 1Y
Market cap
$84.74B
P/E
12.3x
Revenue (TTM)
$27.03B
Div. yield
0.03%
Oil and Gas Exploration and Production Energy
4 wins

Head to Head

11 decided of 12

Eog Resources leads on 4 of the 12 questions below (Eog Resources 4, Apa 4, Baytex Energy 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAPABTEEOGLeader
Larger companyMarket capitalisation $17.91B $4.18B $84.74B EOG
Cheaper on earningsLower P/E, profitable companies only 10.7x -8.1x 12.3x APA
Cheaper on forward earningsLower price / next fiscal year consensus EPS 7.8x 12.3x 9.8x APA
Faster revenue growthRevenue growth, trailing twelve months -16.1% +280.5% +19.1% BTE
More profitableNet margin, trailing twelve months 19.5% -29.5% 25.4% EOG
Better return on capitalReturn on invested capital — — 17.7% –
Less leveragedLower net debt / EBITDA 0.7x -0.8x 0.2x BTE
Higher dividend yieldTrailing dividend yield 0.02% 0.02% 0.03% EOG
Better 1-year returnPrice return, last 12 months +116.8% +131.4% +53.9% BTE
Better 5-year returnAnnualised price return, 5 years +14.0%/yr +11.1%/yr +12.0%/yr APA
Less volatileAnnualised volatility, 1 year 43.9% 42.3% 28.6% EOG
Higher overall scoreMean of the five percentile scores vs peers 72/100 59/100 72/100 APA

Percentile Scorecard

APABTEEOG

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAPABTEEOG
Valuation 75 #26 of 99 68 #32 of 99 49 #51 of 99
Growth 75 #25 of 97 40 #59 of 97 78 #22 of 97
Profitability 93 #8 of 96 56 #43 of 96 94 #7 of 96
Financial Health 51 #51 of 102 87 #14 of 102 86 #15 of 102
Shareholder Returns 65 #27 of 76 43 #44 of 76 51 #38 of 76
Overall 72 59 72
  • APA ranked among 103 companies in Oil and Gas Upstream
  • BTE ranked among 103 companies in Oil and Gas Upstream
  • EOG ranked among 103 companies in Oil and Gas Upstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAPABTEEOGSPY
1 month +20.9%+22.1%+16.6% -0.8%
3 months +48.7%+33.6%+16.7% +3.5%
6 months +34.4%+16.7%+22.9% +7.0%
Year to date +111.2%+71.2%+55.9% +12.2%
1 year +116.8%+131.4%+53.9% +13.0%
3 years +28.7%+27.4%+29.9% +86.3%
3 years, per year +8.8%+8.4%+9.1% +23.1%
5 years +92.0%+69.3%+75.9% +68.6%
5 years, per year +14.0%+11.1%+12.0% +11.0%
10 years -16.2%+38.3%+77.7% +258.0%
10 years, per year -1.8%+3.3%+5.9% +13.6%

Risk

MeasureAPABTEEOGSPY
Volatility, 1Y 43.9%42.3%28.6% 12.7%
Downside volatility, 1Y 42.6%44.8%29.3% 12.7%
Beta vs S&P 500, 1Y -0.98-0.34-0.74 1.00
Return / volatility, 1Y 2.663.111.89 1.02
Max drawdown, 5Y -72.7%-79.1%-34.8% -25.4%
From 52-week high -0.5%0.0%0.0% -1.8%
52-week high $51.90$5.53$163.70 $779.14
52-week low $21.66$2.27$101.78 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAPABTEEOG
P/E now vs peer median 10.9xmedian 13.5x -8.3xmedian 13.5x 12.5xmedian 13.5x
P/S now vs peer median 2.1xmedian 2.1x 2.4xmedian 2.1x 3.2xmedian 2.1x
EV/EBITDA now vs peer median 4.8xmedian 5.9x 6.7xmedian 5.9x 6.5xmedian 5.9x
P/FCF now vs peer median 8.6xmedian 11.0x 1.5xmedian 11.0x 13.5xmedian 11.0x
P/B now vs peer median 2.3xmedian 1.5x —median 1.5x 2.7xmedian 1.5x
PEG now vs peer median -19.97median 2.27 0.22median 2.27 -2.80median 2.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAPABTEEOG
Revenue $8.61B $1.74B $27.03B
Gross profit $7.81B – –
Operating income $2.31B – $8.91B
Net income $1.98B -$513.91M $6.88B
Free cash flow $2.11B $2.82B $6.35B
R&D $142.00M $4.64M $213.00M
EPS (diluted) $4.74 $-0.67 $13.00
Cash & equivalents $444.00M $506.96M $4.91B
Total debt $17.14B $1.49B $7.93B
Shares (diluted) 354.00M 769.18M 529.00M
Enterprise value $16.19B $2.42B $69.06B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAPABTEEOG
P/E 10.9x -8.3x 12.5x
P/FCF 8.6x 1.5x 13.5x
P/Operating cash flow 4.0x 5.6x 6.4x
P/S 2.1x 2.4x 3.2x
P/B 2.3x – 2.7x
P/Tangible book 2.3x – 2.7x
EV/EBITDA 4.8x 6.7x 6.5x
EV/EBIT 9.3x -57.1x 10.0x
EV/Revenue 2.5x 2.2x 3.3x
EV/FCF 10.1x 1.3x 14.0x
EV/Operating cash flow 4.7x 5.0x 6.7x
PEG (3Y EPS CAGR) -19.97 0.22 -2.80

Growth

14 metrics
MetricAPABTEEOG
Revenue growth (1Y) -16.1% 280.5% 19.1%
Revenue CAGR (3Y) -2.3% -2.9% 1.4%
Gross profit growth (1Y) -6.7% – –
Gross profit CAGR (3Y) 1.5% – –
Operating income growth (1Y) 3,511% – 22.2%
Operating income CAGR (3Y) 10.4% – -7.0%
Net income growth (1Y) 54.0% -293.1% 20.0%
Net income CAGR (3Y) 2.1% -34.0% -7.6%
EPS growth (1Y) 58.2% -302.8% 23.8%
EPS CAGR (3Y) -0.5% -37.0% -4.5%
Operating cash flow growth (1Y) -2.7% -41.1% 25.2%
Operating cash flow CAGR (3Y) 5.5% 5.7% -1.0%
Free cash flow growth (1Y) 33.2% 128.7% 44.8%
Free cash flow CAGR (3Y) 7.5% 130.4% -5.5%

Profitability

14 metrics
MetricAPABTEEOG
Gross margin 90.8% – –
EBITDA margin 52.3% 32.6% 50.9%
Operating margin 26.8% – 32.9%
Pretax margin 36.1% -12.2% 32.5%
Net margin 19.5% -29.5% 25.4%
FCF margin 24.6% 161.9% 23.5%
Operating cash flow margin 52.6% 43.8% 49.4%
Return on equity 25.8% – 21.9%
Return on assets 11.0% – 12.7%
Return on invested capital – – 17.7%
Return on capital employed 14.8% – 18.3%
Asset turnover 0.5x – 0.5x
Cash conversion (OCF / net income) 2.3x -1.5x 1.9x
Stock comp / revenue – 0.8% 0.9%

Financial Health

11 metrics
MetricAPABTEEOG
Debt / assets 20.8% – 14.5%
Debt / equity 0.5x – 0.2x
Net debt / EBITDA 0.7x -0.8x 0.2x
Debt / FCF 1.8x 0.0x 1.2x
Liabilities / assets 55.8% – 41.8%
Equity / assets 44.2% – 58.2%
Interest coverage 10.6x -0.5x 33.0x
Current ratio 0.9x – 1.9x
Quick ratio 0.7x – 1.6x
Cash ratio 0.2x – 0.9x
Altman Z-score 2.01 – 4.23

Shareholder Returns

7 metrics
MetricAPABTEEOG
Dividend yield 1.9% 1.4% 2.5%
Net buyback yield 1.3% -4.6% 3.3%
Shareholder yield 3.2% -3.2% 5.8%
Payout ratio (earnings) 17.9% -14.4% 31.7%
Payout ratio (FCF) 16.8% 2.6% 34.3%
Dividend growth (1Y) -3.0% 39.5% 3.4%
Dividend CAGR (3Y) 8.8% – -19.6%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAPABTEEOG
Forward P/E 7.8xFY2026 12.3xFY2026 9.8xFY2026
EPS, next fiscal year $6.59FY2026 $0.45FY2026 $16.76FY2026
EPS growth, next FY +74.8%FY2026 – +65.0%FY2026
EPS growth, the year after -17.0% +11.1% -7.0%
Revenue, next fiscal year $8.94BFY2026 $1.38BFY2026 $29.71BFY2026
Revenue growth, next FY -3.1%FY2026 -47.0%FY2026 +31.3%FY2026
Revenue growth, the year after -0.3% -11.3% -5.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAPABTEEOG
Held by institutions 100.0% 51.4% 95.8%
Institutions holding 809 186 1,628
Change in shares held, QoQ +3.2% +5.1% -0.6%
Institutions buying 432 98 837
Institutions selling 244 62 578
Buyers to sellers 1.77 1.58 1.45

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

APABTEEOG
APA 1.00 0.63 0.80
BTE 0.63 1.00 0.62
EOG 0.80 0.62 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, APA, BTE and EOG?

Eog Resources (EOG) is the largest by market capitalisation: Apa (APA) $17.91B, Baytex Energy (BTE) $4.18B, Eog Resources (EOG) $84.74B.

Which stock is cheaper, APA, BTE and EOG?

Apa (APA) trades on the lowest price-to-earnings ratio (Apa (APA) 10.7x, Baytex Energy (BTE) -8.1x, Eog Resources (EOG) 12.3x). On next year's consensus earnings, Apa (APA) is cheapest (Apa (APA) 7.8x, Baytex Energy (BTE) 12.3x, Eog Resources (EOG) 9.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Baytex Energy (BTE) grew revenue fastest over the trailing twelve months: Apa (APA) -16.1%, Baytex Energy (BTE) +280.5%, Eog Resources (EOG) +19.1%.

Which company is more profitable?

Eog Resources (EOG) has the highest net margin (Apa (APA) 19.5%, Baytex Energy (BTE) -29.5%, Eog Resources (EOG) 25.4%).

Which stock has performed better?

Over the past year Baytex Energy (BTE) returned the most: Apa (APA) +116.8%, Baytex Energy (BTE) +131.4%, Eog Resources (EOG) +53.9%. Over five years, Apa (APA) compounded fastest (Apa (APA) +14.0%/yr, Baytex Energy (BTE) +11.1%/yr, Eog Resources (EOG) +12.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Eog Resources (EOG) has the highest dividend yield: Apa (APA) 0.02%, Baytex Energy (BTE) 0.02%, Eog Resources (EOG) 0.03%.

Which stock is riskier?

By one-year price volatility, Eog Resources (EOG) has been the steadiest (Apa (APA) 43.9%, Baytex Energy (BTE) 42.3%, Eog Resources (EOG) 28.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, APA, BTE and EOG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Eog Resources (EOG) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.