Sifting through countless of stocks in the Oil, Gas & Consumable Fuels industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Baytex Energy Corp. or Hess Midstream LP because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Baytex Energy Corp. and Hess Midstream LP compare based on key financial metrics to determine which better meets your investment needs.

About Baytex Energy Corp. and Hess Midstream LP

Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin. It offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. The company also holds 100% interest in Duvernay and Peace River properties in Alberta; and Lloydminster property in Alberta and Saskatchewan. Baytex Energy Corp. was incorporated in 1993 and is headquartered in Calgary, Canada.

Hess Midstream LP acquires, owns, operates, and develops midstream assets and provide fee-based services to sponsor, its subsidiaries, and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering system consists of approximately 1,430 miles of high- and low-pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 685 million cubic feet per day; crude oil gathering system comprises approximately 615 miles of crude oil gathering pipelines; and produces water gathering system that includes approximately 360 miles of pipelines in gathering systems. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota; and Terminaling and Export segment that owns Ramberg terminal facility, the Tioga rail terminal, crude oil rail cars, and other Dakota access pipeline connections, as well as Johnson’s Corner Header System, a crude oil pipeline header system; and other DAPL connections. Hess Midstream LP was formerly known as Hess Midstream Partners LP and changed its name to Hess Midstream LP in December 2019. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.

Latest Oil, Gas & Consumable Fuels and Baytex Energy Corp., Hess Midstream LP Stock News

As of May 1, 2026, Baytex Energy Corp. had a $3.7 billion market capitalization, compared to the Oil, Gas & Consumable Fuels median of $2.9 million. Baytex Energy Corp.’s stock is up 54.5% in 2026, up 9% in the previous five trading days and up 223.38% in the past year.

Currently, Baytex Energy Corp. does not have a price-earnings ratio. Baytex Energy Corp.’s trailing 12-month revenue is $1.1 billion with a -40.8% net profit margin. As of May 1, 2026, Baytex Energy Corp. has not reported significant year-over-year quarterly sales. Analysts expect adjusted earnings to reach $0.302 per share for the current fiscal year. Baytex Energy Corp. does not currently pay a dividend.

As of May 1, 2026, Hess Midstream LP had a $4.9 billion market cap, putting it in the 67th percentile of all stocks. Hess Midstream LP’s stock is up 10.4% in 2026, up 2% in the previous five trading days and up 2.56% in the past year.

Currently, Hess Midstream LP’s price-earnings ratio is 13.3. Hess Midstream LP’s trailing 12-month revenue is $1.6 billion with a 21.8% net profit margin. Year-over-year quarterly sales growth most recently was 2.1%. Analysts expect adjusted earnings to reach $2.904 per share for the current fiscal year. Hess Midstream LP currently has a 8.2% dividend yield.

How We Compare Baytex Energy Corp. and Hess Midstream LP Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Baytex Energy Corp. and Hess Midstream LP’s stock grades to see how they measure up against one another.

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Baytex Energy Corp. and Hess Midstream LP’s Quality Grades

Company	Ticker	Quality
Baytex Energy Corp.	BTE	B
Hess Midstream LP	HESM	A

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Baytex Energy Corp. has a Quality Score of 62, which is Strong. Hess Midstream LP has a Quality Score of 83, which is Very Strong.

The Quality Grade Winner: Hess Midstream LP

As you can clearly see from the Quality Grade breakdown above, Hess Midstream LP has a better overall quality grade than Baytex Energy Corp.. For investors who are looking for companies with higher quality than others in the same industry, Hess Midstream LP could be a good stock to add to their portfolios. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Baytex Energy Corp. and Hess Midstream LP’s Momentum Grades

Company	Ticker	Momentum
Baytex Energy Corp.	BTE	A
Hess Midstream LP	HESM	C

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Baytex Energy Corp. has a Momentum Score of 94, which is Very Strong. Hess Midstream LP has a Momentum Score of 47, which is Average.

The Momentum Grade Winner: Baytex Energy Corp.

As you can clearly see from the Momentum Grade breakdown above, Baytex Energy Corp. is considered to have stronger momentum compared to Hess Midstream LP. For those specifically looking for companies that have stronger momentum compared to other companies in the same industry, Baytex Energy Corp. could be a good stock to invest in. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Baytex Energy Corp. and Hess Midstream LP’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Baytex Energy Corp.	BTE	C
Hess Midstream LP	HESM	D

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Baytex Energy Corp. has a Earnings Estimate Score of 52, which is Neutral. Hess Midstream LP has a Earnings Estimate Score of 38, which is Negative.

The Earnings Estimate Revisions Stock Winner: No Clear Winner

Neither Baytex Energy Corp. or Hess Midstream LP has an Earnings Estimate Revisions Grade that could be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Baytex Energy Corp. or Hess Midstream LP is the better investment when it comes to estimate revisions.

Other Baytex Energy Corp. and Hess Midstream LP Grades

In addition to Momentum, Estimate Revisions and Quality, A+ Investor also provides grades for Value and Growth.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Baytex Energy Corp. and Hess Midstream LP pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Baytex Energy Corp. or Hess Midstream LP Stock?

Overall, Baytex Energy Corp. stock has a Momentum Score of 94, Estimate Revisions Score of 52 and Quality Score of 62.

Hess Midstream LP stock has a Momentum Score of 47, Estimate Revisions Score of 38 and Quality Score of 83.

Comparing Baytex Energy Corp. and Hess Midstream LP’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.