Is BTE or HP more undervalued in 2026?

CirclFi compares Baytex Energy Corp (BTE) and Helmerich & Payne, Inc. (HP) using 13 institutional-grade valuation models. BTE has a Quality of Company score of 6.5/10 while HP scores 6.1/10.

Which is a better buy — BTE or HP?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do BTE and HP valuations compare?

BTE at $4.89 and HP at $38.15 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

BTE vs HP Valuation Comparison 2026 — Intrinsic Value Analysis

BTE

Drilling Oil & Gas Wells

Baytex Energy Corp

Quality

6.5

out of 10

Value Trap

—

Price

$4.89

Last close

Models

13/13

Active

HP

Drilling Oil & Gas Wells

Helmerich & Payne, Inc.

Quality

6.1

out of 10

Value Trap

SAFE

Price

$38.15

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	BTE Fair Value	BTE Upside	HP Fair Value	HP Upside
Bayesian DCF	Intrinsic	$9.71	+98.6%	$1.09	-97.3%
Earnings Power Value	Intrinsic	$2.67	-41.7%	—	—
EROIC Spread	Intrinsic	$2.21	-51.8%	$15.54	-59.5%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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BTE vs HP — Which Stock Is More Undervalued?

BTE scores higher with a 6.5/10 quality rating vs HP's 6.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Baytex Energy Corp (BTE) and Helmerich & Payne, Inc. (HP) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

BTE currently trades at $4.89 with a QOC of 6.5/10, while HP trades at $38.15 with a QOC of 6.1/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).