BTE vs EOG vs DVN Stock Comparison

Baytex Energy, Eog Resources and Devon Energy Prices as of Oct 29, 2026 Peers: Industry group
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BTE Baytex Energy Corp.
$5.38 +20.4% 1M +129.9% 1Y
Market cap
$4.12B
P/E
–
Revenue (TTM)
$1.74B
Div. yield
1.49%
Oil and Gas Exploration and Production Energy
3 wins
EOG Eog Resources Inc
$162.25 +16.2% 1M +53.1% 1Y
Market cap
$85.10B
P/E
12.4x
Revenue (TTM)
$27.03B
Div. yield
2.51%
Oil and Gas Exploration and Production Energy
8 wins
DVN Devon Energy Corp/De
$51.17 +9.8% 1M +59.7% 1Y
Market cap
$56.29B
P/E
14.6x
Revenue (TTM)
$20.38B
Div. yield
2.19%
Oil and Gas Exploration and Production Energy
1 win

Head to Head

12 decided of 12

Eog Resources leads on 8 of the 12 questions below (Eog Resources 8, Baytex Energy 3, Devon Energy 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBTEEOGDVNLeader
Larger companyMarket capitalisation $4.12B $85.10B $56.29B EOG
Cheaper on earningsLower P/E, profitable companies only -8.1x 12.4x 14.6x EOG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.0x 9.7x 9.0x DVN
Faster revenue growthRevenue growth, trailing twelve months +280.5% +19.1% +18.1% BTE
More profitableNet margin, trailing twelve months -29.5% 25.4% 16.1% EOG
Better return on capitalReturn on invested capital — 17.7% -3.5% EOG
Less leveragedLower net debt / EBITDA -0.8x 0.2x 4.1x BTE
Higher dividend yieldTrailing dividend yield 1.49% 2.51% 2.19% EOG
Better 1-year returnPrice return, last 12 months +129.9% +53.1% +59.7% BTE
Better 5-year returnAnnualised price return, 5 years +9.9%/yr +11.9%/yr +5.0%/yr EOG
Less volatileAnnualised volatility, 1 year 42.2% 28.6% 33.9% EOG
Higher overall scoreMean of the five percentile scores vs peers 59/100 68/100 45/100 EOG

Percentile Scorecard

BTEEOGDVN

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

AxisBTEEOGDVN
Valuation 69 #31 of 99 48 #52 of 99 40 #60 of 99
Growth 38 #61 of 97 65 #35 of 97 63 #37 of 97
Profitability 57 #42 of 96 95 #6 of 96 46 #52 of 96
Financial Health 87 #14 of 102 86 #15 of 102 32 #70 of 102
Shareholder Returns 43 #44 of 77 49 #40 of 77 46 #42 of 77
Overall 59 68 45
  • BTE ranked among 103 companies in Oil and Gas Upstream
  • EOG ranked among 103 companies in Oil and Gas Upstream
  • DVN 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

PeriodBTEEOGDVNSPY
1 month +20.4%+16.2%+9.8% +0.7%
3 months +25.1%+11.5%+15.8% +3.7%
6 months +6.3%+15.4%-0.4% +7.1%
Year to date +66.6%+54.5%+39.7% +12.8%
1 year +129.9%+53.1%+59.7% +11.9%
3 years +24.8%+29.3%+10.8% +85.2%
3 years, per year +7.7%+9.0%+3.5% +22.8%
5 years +60.1%+75.5%+27.7% +67.6%
5 years, per year +9.9%+11.9%+5.0% +10.9%
10 years +35.2%+78.7%+30.6% +262.0%
10 years, per year +3.1%+6.0%+2.7% +13.7%

Risk

MeasureBTEEOGDVNSPY
Volatility, 1Y 42.2%28.6%33.9% 12.7%
Downside volatility, 1Y 44.6%29.2%32.9% 12.6%
Beta vs S&P 500, 1Y -0.34-0.74-0.73 1.00
Return / volatility, 1Y 3.081.861.76 0.94
Max drawdown, 5Y -79.1%-34.8%-65.7% -25.4%
From 52-week high -2.7%-0.9%-1.7% -1.2%
52-week high $5.53$163.70$52.07 $779.14
52-week low $2.27$101.78$32.01 $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.

MultipleBTEEOGDVN
P/E now vs peer median -8.1xmedian 11.9x 12.4xmedian 11.9x 14.6xmedian 11.9x
P/S now vs peer median 2.4xmedian 2.0x 3.1xmedian 2.0x 2.8xmedian 2.0x
EV/EBITDA now vs peer median 6.5xmedian 5.9x 6.4xmedian 5.9x 24.6xmedian 5.9x
P/FCF now vs peer median 1.5xmedian 10.0x 13.4xmedian 10.0x 38.1xmedian 10.0x
P/B now vs peer median —median 1.5x 2.7xmedian 1.5x 1.3xmedian 1.5x
PEG now vs peer median 0.22median 1.36 -2.78median 1.36 -0.65median 1.36

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 monthsBTEEOGDVN
Revenue $1.74B $27.03B $20.38B
Gross profit – – $14.11B
Operating income – $8.91B -$1.35B
Net income -$513.91M $6.88B $3.29B
Free cash flow $2.82B $6.35B $1.48B
R&D $4.64M $213.00M $54.00M
EPS (diluted) $-0.67 $13.00 $3.49
Cash & equivalents $506.96M $4.91B –
Total debt $1.49B $7.93B $11.39B
Shares (diluted) 769.18M 529.00M 940.00M
Enterprise value $2.36B $69.42B $56.29B

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
MetricBTEEOGDVN
P/E -8.1x 12.4x 14.6x
P/FCF 1.5x 13.4x 38.1x
P/Operating cash flow 5.4x 6.4x 6.6x
P/S 2.4x 3.1x 2.8x
P/B – 2.7x 1.3x
P/Tangible book – 2.7x 1.3x
EV/EBITDA 6.5x 6.4x 24.6x
EV/EBIT -55.4x 9.9x -50.0x
EV/Revenue 2.1x 3.3x 3.3x
EV/FCF 1.3x 13.9x 45.8x
EV/Operating cash flow 4.8x 6.6x 7.9x
PEG (3Y EPS CAGR) 0.22 -2.78 -0.65

Growth

14 metrics
MetricBTEEOGDVN
Revenue growth (1Y) 280.5% 19.1% 18.1%
Revenue CAGR (3Y) -2.9% 1.4% 5.9%
Gross profit growth (1Y) – – 18.4%
Gross profit CAGR (3Y) – – 4.9%
Operating income growth (1Y) – 22.2% 11.9%
Operating income CAGR (3Y) – -7.0% -44.2%
Net income growth (1Y) -293.1% 20.0% 13.2%
Net income CAGR (3Y) -34.0% -7.6% -11.9%
EPS growth (1Y) -302.8% 23.8% -22.0%
EPS CAGR (3Y) -37.0% -4.5% -22.4%
Operating cash flow growth (1Y) -41.1% 25.2% 25.5%
Operating cash flow CAGR (3Y) 5.7% -1.0% 6.4%
Free cash flow growth (1Y) 128.7% 44.8% 337.8%
Free cash flow CAGR (3Y) 130.4% -5.5% 11.7%

Profitability

14 metrics
MetricBTEEOGDVN
Gross margin – – 69.3%
EBITDA margin 32.6% 50.9% 13.5%
Operating margin – 32.9% -6.6%
Pretax margin -12.2% 32.5% -8.8%
Net margin -29.5% 25.4% 16.1%
FCF margin 161.9% 23.5% 7.2%
Operating cash flow margin 43.8% 49.4% 42.0%
Return on equity – 21.9% 11.5%
Return on assets – 12.7% 6.4%
Return on invested capital – 17.7% -3.5%
Return on capital employed – 18.3% -3.0%
Asset turnover – 0.5x 0.4x
Cash conversion (OCF / net income) -1.5x 1.9x 2.6x
Stock comp / revenue 0.8% 0.9% 0.7%

Financial Health

11 metrics
MetricBTEEOGDVN
Debt / assets – 14.5% 16.1%
Debt / equity – 0.2x 0.3x
Net debt / EBITDA -0.8x 0.2x 4.1x
Debt / FCF 0.0x 1.2x 7.7x
Liabilities / assets – 41.8% 41.1%
Equity / assets – 58.2% 58.9%
Interest coverage -0.5x 33.0x -2.7x
Current ratio – 1.9x 0.7x
Quick ratio – 1.6x –
Cash ratio – 0.9x –
Altman Z-score – 4.21 1.58

Shareholder Returns

7 metrics
MetricBTEEOGDVN
Dividend yield 1.5% 2.5% 2.2%
Net buyback yield -4.8% 3.3% 1.4%
Shareholder yield -3.3% 5.9% 3.5%
Payout ratio (earnings) -14.4% 31.7% 25.0%
Payout ratio (FCF) 2.6% 34.3% 55.6%
Dividend growth (1Y) 39.5% 3.4% 11.9%
Dividend CAGR (3Y) – -19.6% -34.6%

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.

ConsensusBTEEOGDVN
Forward P/E 12.0xFY2026 9.7xFY2026 9.0xFY2026
EPS, next fiscal year $0.45FY2026 $16.76FY2026 $5.69FY2026
EPS growth, next FY – +65.0%FY2026 +45.2%FY2026
EPS growth, the year after +11.1% -7.0% -5.1%
Revenue, next fiscal year $1.38BFY2026 $29.71BFY2026 $24.57BFY2026
Revenue growth, next FY -47.0%FY2026 +31.3%FY2026 +42.9%FY2026
Revenue growth, the year after -11.3% -5.6% +2.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBTEEOGDVN
Held by institutions 51.4% 95.8% 92.2%
Institutions holding 186 1,629 1,460
Change in shares held, QoQ +5.1% -0.6% +86.7%
Institutions buying 98 838 1,140
Institutions selling 62 578 231
Buyers to sellers 1.58 1.45 4.94

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.

BTEEOGDVN
BTE 1.00 0.62 0.62
EOG 0.62 1.00 0.85
DVN 0.62 0.85 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BTE, EOG and DVN?

Eog Resources (EOG) is the largest by market capitalisation: Baytex Energy (BTE) $4.12B, Eog Resources (EOG) $85.10B, Devon Energy (DVN) $56.29B.

Which stock is cheaper, BTE, EOG and DVN?

Eog Resources (EOG) trades on the lowest price-to-earnings ratio (Baytex Energy (BTE) -8.1x, Eog Resources (EOG) 12.4x, Devon Energy (DVN) 14.6x). On next year's consensus earnings, Devon Energy (DVN) is cheapest (Baytex Energy (BTE) 12.0x, Eog Resources (EOG) 9.7x, Devon Energy (DVN) 9.0x). 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: Baytex Energy (BTE) +280.5%, Eog Resources (EOG) +19.1%, Devon Energy (DVN) +18.1%.

Which company is more profitable?

Eog Resources (EOG) has the highest net margin (Baytex Energy (BTE) -29.5%, Eog Resources (EOG) 25.4%, Devon Energy (DVN) 16.1%). On return on invested capital, Eog Resources (EOG) leads (Eog Resources (EOG) 17.7%, Devon Energy (DVN) -3.5%).

Which stock has performed better?

Over the past year Baytex Energy (BTE) returned the most: Baytex Energy (BTE) +129.9%, Eog Resources (EOG) +53.1%, Devon Energy (DVN) +59.7%. Over five years, Eog Resources (EOG) compounded fastest (Baytex Energy (BTE) +9.9%/yr, Eog Resources (EOG) +11.9%/yr, Devon Energy (DVN) +5.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Eog Resources (EOG) has the highest dividend yield: Baytex Energy (BTE) 1.49%, Eog Resources (EOG) 2.51%, Devon Energy (DVN) 2.19%.

Which stock is riskier?

By one-year price volatility, Eog Resources (EOG) has been the steadiest (Baytex Energy (BTE) 42.2%, Eog Resources (EOG) 28.6%, Devon Energy (DVN) 33.9%). Volatility measures how widely the price swings, not the risk of the business.

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

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 8. 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.