View ValuationBaytex Energy 将来の成長Future 基準チェック /36Baytex Energyは、105.2%と2.4%でそれぞれ年率105.2%で利益と収益が成長すると予測される一方、EPSはgrowで107.3%年率。主要情報105.2%収益成長率107.30%EPS成長率Oil and Gas 収益成長11.3%収益成長率2.4%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日08 May 2026今後の成長に関する最新情報お知らせ • Dec 04Baytex Energy Corp. Provides Production Guidance for the Year 2025Baytex Energy Corp. provided production guidance for the year 2025. For the year, the company expects Production to be in the range of 150,000 boe/d - 154,000 boe/d.お知らせ • Mar 01+ 1 more updateBaytex Energy Corp. Provides Production Guidance for the Year 2024Baytex Energy Corp. provided production guidance for the year 2024. For the year 2024, the company expects production of 150,000 BOE to 156,000 BOE per day.お知らせ • Dec 07Baytex Energy Corp. Provides Production Guidance for 2024Baytex Energy Corp. provided production guidance for 2024. For the year, company expects Production (boe/d) 150,000 - 156,000. production guidance (at the mid-point) represents a 1% to 2% increase from forecast H2/2023 production guidance (7% increase on a per-share basis(6)), adjusted for the previously announced sale of Forgan and Plato assets in the Viking.お知らせ • Nov 04+ 1 more updateBaytex Energy Corp. Provides Production Guidance for the Fourth Quarter and Full Year 2023Baytex Energy Corp. provided production guidance for the fourth quarter and full year 2023. For the quarter, the company estimates production to be in the range of 158,000 boe/d to 160,000 boe/d.For the full year, the company estimated production of 121,500 boe/d to 122,000 boe/d (previous guidance range of 120,500 boe/d to 122,500 boe/d).すべての更新を表示Recent updatesSeeking Alpha • May 19Baytex Energy: Some Catching Up NeededSummary Baytex Energy Corp. remains a Strong Buy. However, that idea is contingent on management delivering meaningful breakeven cost reductions in its heavy oil operations. BTE's current WTI $48 breakeven is high for Clearwater, lagging peers like Tamarack Valley and Headwater Exploration in cost competitiveness. Financial position is solid post-Eagle Ford sale. But operational optimization is critical before considering expansion into new ventures like thermal. Key risks include geopolitical uncertainty, CEO turnover, and the need for cost structure improvements to weather potential commodity price downturns. Read the full article on Seeking AlphaDeclared Dividend • May 11First quarter dividend of CA$0.022 announcedShareholders will receive a dividend of CA$0.022. Ex-date: 15th June 2026 Payment date: 2nd July 2026 Dividend yield will be 1.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (43% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.Declared Dividend • Mar 08Fourth quarter dividend of CA$0.022 announcedShareholders will receive a dividend of CA$0.022. Ex-date: 13th March 2026 Payment date: 1st April 2026 Dividend yield will be 1.8%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (33% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.Reported Earnings • Mar 05Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: CA$0.36 loss per share (down from CA$0.29 profit in FY 2024). Revenue: CA$1.48b (down 56% from FY 2024). Net loss: CA$276.8m (down 217% from profit in FY 2024). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates. Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 4.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.お知らせ • Feb 24Baytex Energy Corp., Annual General Meeting, May 07, 2026Baytex Energy Corp., Annual General Meeting, May 07, 2026.Board Change • Jan 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Director Jeff Wojahn was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Dec 08Upcoming dividend of CA$0.022 per shareEligible shareholders must have bought the stock before 15 December 2025. Payment date: 02 January 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (4.0%).お知らせ • Dec 03+ 3 more updatesBaytex Energy Corp. to Report Q2, 2026 Results on Jul 30, 2026Baytex Energy Corp. announced that they will report Q2, 2026 results on Jul 30, 2026Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 28%After last week's 28% share price gain to US$3.03, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Oil and Gas industry in the US. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$2.28 per share.Buy Or Sell Opportunity • Nov 03Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to US$2.42. The fair value is estimated to be US$1.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 6.6% in 2 years. Earnings are forecast to decline by 77% in the next 2 years.New Risk • Nov 02New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Earnings are forecast to decline by an average of 63% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Oct 31Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: CA$0.042 (down from CA$0.23 in 3Q 2024). Revenue: CA$746.4m (down 12% from 3Q 2024). Net income: CA$32.0m (down 83% from 3Q 2024). Profit margin: 4.3% (down from 22% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 60%. Revenue is expected to decline by 4.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.お知らせ • Oct 10Baytex Energy Reportedly Weighs $3 Billion Exit of U.S. OperationsBaytex Energy Corp. (TSX:BTE) is weighing an exit of its operations in the Eagle Ford shale of south Texas to refocus on its domestic assets, according to people familiar with the matter. Baytex, which significantly extended its reach into the basin just two years ago via a takeover of Ranger Oil, is working with advisers to solicit interest in the operations, which could fetch as much as $3 billion, the people said, asking not to be identified because the details are private. No final decision has been made and Baytex could opt to hold onto the assets. A representative for Baytex declined to comment. The potential sale would be a significant turnabout for Baytex, which touted the Ranger deal at the time as an opportunity to double free cash flow and deliver at least a dozen years of oil-weighted drilling opportunities.Buy Or Sell Opportunity • Oct 03Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 30% to US$2.37. The fair value is estimated to be US$1.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 3.0% in 2 years. Earnings are forecast to decline by 87% in the next 2 years.Valuation Update With 7 Day Price Move • Sep 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$2.61, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Oil and Gas industry in the US. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$1.82 per share.Upcoming Dividend • Sep 08Upcoming dividend of CA$0.022 per shareEligible shareholders must have bought the stock before 15 September 2025. Payment date: 01 October 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (4.0%).Buy Or Sell Opportunity • Sep 02Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 38% to US$2.36. The fair value is estimated to be US$1.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 3.0% in 2 years. Earnings are forecast to decline by 87% in the next 2 years.Declared Dividend • Aug 04Second quarter dividend of CA$0.022 announcedShareholders will receive a dividend of CA$0.022. Ex-date: 15th September 2025 Payment date: 1st October 2025 Dividend yield will be 3.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 80% over the next 3 years. Since a fall of 79% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Reported Earnings • Aug 01Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: CA$0.20 (up from CA$0.13 in 2Q 2024). Revenue: CA$709.2m (down 21% from 2Q 2024). Net income: CA$151.5m (up 46% from 2Q 2024). Profit margin: 21% (up from 12% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.2%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$2.04, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Oil and Gas industry in the US. Total loss to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$1.92 per share.Upcoming Dividend • Jun 06Upcoming dividend of CA$0.022 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 02 July 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (4.2%).Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 28%After last week's 28% share price gain to US$1.94, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Oil and Gas industry in the US. Total loss to shareholders of 61% over the past three years.お知らせ • May 10Baytex Energy Corp. Declares Quarterly Cash Dividend, Payable on July 2, 2025Baytex Energy Corp. Board of Directors has declared a quarterly cash dividend of $0.0225 per share, to be paid on July 2, 2025 to shareholders of record on June 13, 2025.Declared Dividend • May 08First quarter dividend of CA$0.022 announcedShareholders will receive a dividend of CA$0.022. Ex-date: 13th June 2025 Payment date: 2nd July 2025 Dividend yield will be 4.5%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 76% over the next 3 years. Since a fall of 75% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Reported Earnings • May 07First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: CA$0.09 (up from CA$0.017 loss in 1Q 2024). Revenue: CA$791.2m (up 2.1% from 1Q 2024). Net income: CA$69.6m (up CA$83.6m from 1Q 2024). Profit margin: 8.8% (up from net loss in 1Q 2024). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.8%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.New Risk • Apr 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 48% per year for the foreseeable future. Minor Risks High level of debt (54% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.2% average weekly change). Significant insider selling over the past 3 months (US$343k sold).Buy Or Sell Opportunity • Apr 09Now 28% overvaluedOver the last 90 days, the stock has fallen 33% to US$1.80. The fair value is estimated to be US$1.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 1.4% per annum. Earnings are also forecast to decline by 48% per annum over the same time period.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to US$1.62, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 63% over the past three years.Seeking Alpha • Mar 29Baytex Energy: Early Signs Of Contrarian Investors Loading The BarrelSummary I believe Baytex is undervalued, trading at just 1.3x forward cash flow and 60% of book value, with no goodwill on the books. I believe the company's 60% US-based production limits the impact of the new 10% Canadian energy import tariffs. That said, I’m concerned by a 33% qoq drop in institutional ownership last quarter, despite strong fundamentals and margin improvements. I’m leaning toward a contrarian buy, especially if Q1 13F filings show institutional buying activity returning. Read the full article on Seeking AlphaNew Risk • Mar 17New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$343k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 46% per year for the foreseeable future. Minor Risks High level of debt (54% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (US$343k sold).Declared Dividend • Mar 07Fourth quarter dividend of CA$0.022 announcedShareholders will receive a dividend of CA$0.022. Ex-date: 14th March 2025 Payment date: 1st April 2025 Dividend yield will be 3.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 49% over the next 3 years. However, it would need to fall by 66% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Mar 05Full year 2024 earnings releasedFull year 2024 results: Net income: (up CA$233.4m from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.New Risk • Mar 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 116% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 116% per year for the foreseeable future. Minor Risk Paying a dividend despite being loss-making.お知らせ • Mar 05Baytex Energy Corp. Declares Quarterly Cash Dividend, Payable on April 1, 2025Baytex Energy Corp. has declared a quarterly cash dividend of $0.0225 per share to be paid on April 1, 2025 for shareholders of record on March 14, 2025.Seeking Alpha • Mar 05Baytex Energy: Costs Decline At The Right TimeSummary Baytex Energy's acquisition of Eagle Ford properties has led to confusion due to an impairment in fiscal year 2023. Eagle Ford properties have lower operating costs; however, they also have higher royalty costs. Management's non-core sales and operational improvements in Eagle Ford and Clearwater have further lowered production costs. Despite being a Canadian company, most production is in the U.S., making the impact of proposed tariffs unclear. Similarly, the debt is United States based, as is most of the production in the Eagle Ford. This limits currency risk of the debt in a different country. Read the full article on Seeking Alphaお知らせ • Feb 25Baytex Energy Corp., Annual General Meeting, May 05, 2025Baytex Energy Corp., Annual General Meeting, May 05, 2025.Seeking Alpha • Dec 27Baytex Energy: 2025 Guidance Does Not Alter My Buy ThesisSummary Baytex Energy Corp. plans no production growth for fiscal year 2025. The return on Clearwater wells has declined because the company is using lower commodity prices for this budget. Technological advances may drive 0-4% production growth, depending on cost progress and production improvements. Management is cautious about fiscal year 2025. Both the Eagle Ford and Clearwater production growth and improvements should allow BTE profitability to increase. Read the full article on Seeking AlphaSeeking Alpha • Dec 20Baytex Energy: A Look At Its Outlook For 2025Summary Baytex has met expectations for 2024, with production and capex at the midpoint of guidance. It may be able to generate US$320 million in 2025 free cash flow at high-$60s WTI oil strip. Baytex's value remains quite sensitive to oil prices, but I believe it is currently priced for a long-term price of slightly under $65 WTI oil. Baytex's debt remains a risk. This appears manageable to me, but it needs to reduce debt by around 35% to reach its debt target. Read the full article on Seeking AlphaUpcoming Dividend • Dec 06Upcoming dividend of CA$0.022 per shareEligible shareholders must have bought the stock before 13 December 2024. Payment date: 02 January 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (3.9%).お知らせ • Dec 04Baytex Energy Corp. Provides Production Guidance for the Year 2025Baytex Energy Corp. provided production guidance for the year 2025. For the year, the company expects Production to be in the range of 150,000 boe/d - 154,000 boe/d.Seeking Alpha • Nov 26Baytex Energy: A 'Scratch And Dent' StandoutSummary Baytex Energy Corp. is undervalued, trading at a 35% discount to book value, with strong fundamentals and catalysts in both U.S. and Canadian markets. Baytex's acquisition of Ranger Oil in the Eagle Ford basin has diversified its production, now over half of its daily output. The company is focused on reducing debt and returning capital to shareholders, with a free cash flow yield of 18% and attractive valuation multiples. BTE rates a strong buy for investors anticipating higher oil prices and improved market conditions for upstream E&P operators. Read the full article on Seeking AlphaSeeking Alpha • Nov 18Baytex Energy: Post Ranger Oil Acquisition Improving ResultsSummary The assimilation and optimization costs related to the acquisition are fading. Clearwater production is rising as planned. This company may continue to post earnings that beat the industry expectations. The share repurchases are materially affecting shares outstanding. This is one of the few companies in a position to post strong earnings comparisons during a time of weak commodity prices. Read the full article on Seeking AlphaDeclared Dividend • Nov 04Third quarter dividend of CA$0.022 announcedShareholders will receive a dividend of CA$0.022. Ex-date: 13th December 2024 Payment date: 2nd January 2025 Dividend yield will be 2.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.お知らせ • Nov 02+ 3 more updatesBaytex Energy Corp. to Report Fiscal Year 2024 Results on Mar 04, 2025Baytex Energy Corp. announced that they will report fiscal year 2024 results on Mar 04, 2025Reported Earnings • Nov 01Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: CA$0.23 (up from CA$0.15 in 3Q 2023). Revenue: CA$850.8m (down 7.8% from 3Q 2023). Net income: CA$185.2m (up 45% from 3Q 2023). Profit margin: 22% (up from 14% in 3Q 2023). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 21%. Revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.8%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.Seeking Alpha • Oct 17Baytex Energy: Solid Operational Performance, But Vulnerable To Lower Oil PricesSummary Baytex has met expectations operationally, and is on track to meet its full-year guidance. Baytex's heavy oil production grew 8% quarter-over-quarter. WCS differentials have ended up slightly wider than previously expected, although still substantially improved compared to earlier in 2024. Baytex is on track to generate over US$450 million in 2024 free cash flow. Baytex's 2025 free cash flow may end up under US$300 million at current strip of high-$60s WTI oil, due to its lack of hedge protection above US$60 WTI oil. Read the full article on Seeking AlphaSeeking Alpha • Sep 27Baytex Energy: 'But The Stock Price...'Summary Baytex Energy's stock price is temporarily depressed due to a large shareholder from the Ranger Oil acquisition selling shares. The Eagle Ford acreage is delivering anticipated improvements. This enables far more Clearwater production, which earns a 500% return. The startup of the Trans Mountain Pipeline Expansion is keeping the heavy oil discount historically tight (for the time being). The market will eventually recognize the operational progress and improved outlook. The Eagle Ford acquisition meant that Eagle Ford operations were now mostly operated by Baytex, whereas before the acquisition, the acreage was non-operated. Read the full article on Seeking AlphaUpcoming Dividend • Sep 09Upcoming dividend of CA$0.022 per shareEligible shareholders must have bought the stock before 16 September 2024. Payment date: 01 October 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.2%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (4.2%).お知らせ • Jul 31+ 1 more updateBaytex Energy Corp. Declares Quarterly Cash Dividend, Payable on October 1, 2024Baytex Energy Corp. Board of Directors declared a quarterly cash dividend of CAD 0.0225 per share to be paid on October 1, 2024 for shareholders on record as at September 16, 2024.Declared Dividend • Jul 29Second quarter dividend of CA$0.022 announcedShareholders will receive a dividend of CA$0.022. Ex-date: 16th September 2024 Payment date: 1st October 2024 Dividend yield will be 2.1%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (20% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.Seeking Alpha • Jul 26Baytex Energy: Per Share Production Up 23%Summary Baytex Energy Corp. per share production is up sharply due to the acquisition. Clearwater wells return 500% at least in the current environment. Acquisition of Ranger Oil added much-needed light oil production. This supports the expansion of the heavy oil business. United States earnings from Eagle Ford are likely offsetting any unfavorable currency effects on the debt. In short, there is no unfavorable currency effect on the debt. Earnings per share are now positioned to grow for years to come. Read the full article on Seeking AlphaReported Earnings • Jul 26Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: CA$0.13 (down from CA$0.37 in 2Q 2023). Revenue: CA$892.7m (up 82% from 2Q 2023). Net income: CA$103.9m (down 51% from 2Q 2023). Profit margin: 12% (down from 44% in 2Q 2023). Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jun 07Upcoming dividend of CA$0.022 per shareEligible shareholders must have bought the stock before 14 June 2024. Payment date: 02 July 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (4.1%).Seeking Alpha • Jun 06Baytex Energy: Narrower WCS Differentials Partially Offset Lower Oil PricesSummary With the Trans Mountain Pipeline expansion, WCS differentials have narrowed to near negative US$12, which is a US$7 improvement compared to Q1 2024. This partially offsets the impact of weaker oil prices, with 2H 2024 WTI strip at around $73 now. Baytex's Q1 2024 results were in line with expectations, and its full-year guidance remains unchanged. It is now projected to generate US$472 million in 2024 free cash flow at current strip. Read the full article on Seeking AlphaNew Risk • May 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (50% increase in shares outstanding).Reported Earnings • May 10First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: CA$0.017 loss per share (down from CA$0.094 profit in 1Q 2023). Revenue: CA$775.0m (up 68% from 1Q 2023). Net loss: CA$14.0m (down 127% from profit in 1Q 2023). Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings.Seeking Alpha • May 10Baytex Energy: Some Patience NeededSummary Baytex Energy posted a slight loss for Q1 due to non-cash issues, but cash flow grew at a healthy pace. Operational improvements are a priority for management to improve the situation. The large cash flow increase bodes well for debt repayment and potentially larger dividends. This company has changed from a Canadian heavy oil producer to an Eagle Ford (United States) producer with heavy oil production. The company now also controls most of its Eagle Ford production. Read the full article on Seeking AlphaSeeking Alpha • Mar 21Baytex Energy: Projected 2024 Free Cash Flow Improves To Over US$500 MillionSummary Baytex is now projected to generate US$528 million in 2024 free cash flow at the current strip. This is US$138 million higher than it forecast in December 2023, as it benefits from improved oil prices and collars with a ceiling above the current strip. It paid approximately US$44 million for US$200 million in insurance related to its Canadian tax dispute. The cost of that policy suggests a high (75+%) chance of BTE winning that dispute. Read the full article on Seeking AlphaNew Risk • Mar 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Paying a dividend despite being loss-making.Upcoming Dividend • Mar 07Upcoming dividend of CA$0.022 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 01 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (4.3%).Seeking Alpha • Mar 04Baytex Energy: One Of Best E&Ps For Oil BullsSummary Baytex Energy's cash flows are very levered to oil prices. The company expects to generate C$575 million in free cash flow this year based on current strip prices, but at higher oil prices, it could double. The stock could see some near-term pressure as new shares open up to trade following an acquisition last year. Read the full article on Seeking Alphaお知らせ • Mar 01+ 1 more updateBaytex Energy Corp. Provides Production Guidance for the Year 2024Baytex Energy Corp. provided production guidance for the year 2024. For the year 2024, the company expects production of 150,000 BOE to 156,000 BOE per day.Reported Earnings • Feb 29Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: CA$0.33 loss per share (down from CA$1.53 profit in FY 2022). Revenue: CA$2.71b (up 17% from FY 2022). Net loss: CA$233.4m (down 127% from profit in FY 2022). Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.Seeking Alpha • Feb 19Baytex Energy Is Worth Some ThoughtSummary Financial advisors dismiss value investors in favor of metrics like growth and relative price to earnings. Valuation experts are shifting to using a modified Black Scholes analysis to value commodity-based companies. Black-Scholes approach values reserves based on the theory that if profitable development is possible, reserve value can be assessed with reasonable accuracy. Valuation of Baytex reserves provides evidence Baytex shares are undervalued in the market. Read the full article on Seeking AlphaSeeking Alpha • Jan 18Baytex Energy May Be The Most Undervalued Energy Stock On My RadarSummary Baytex Energy is a Canadian driller with a dual listing in Toronto and New York, focusing on oil production and transitioning to a healthier state. The company has improved its business in recent years, achieving operational efficiency and productivity, increasing shareholder returns, and introducing a dividend. Baytex Energy has a clear plan for debt reduction, distribution of free cash flow to shareholders, and aims to generate significant free cash flow in the future as oil prices increase. Read the full article on Seeking Alphaお知らせ • Dec 19+ 4 more updatesBaytex Energy Corp. to Report Q1, 2024 Results on May 09, 2024Baytex Energy Corp. announced that they will report Q1, 2024 results on May 09, 2024Seeking Alpha • Dec 17Baytex: Downgrading To 'Buy' On Lower Oil Price AssumptionsSummary Baytex Energy recently provided 2024 and later-year guidance, looking for moderate production growth going forward. The company's FCF guidance was disappointing, given lower oil price assumptions. BTE's stock remains cheap, but is a more speculative play given its debt load and sensitivities to oil prices. Read the full article on Seeking AlphaNew Risk • Dec 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 27% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 27% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks High level of debt (55% net debt to equity). Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (31% net profit margin).お知らせ • Dec 07Baytex Energy Corp. Provides Production Guidance for 2024Baytex Energy Corp. provided production guidance for 2024. For the year, company expects Production (boe/d) 150,000 - 156,000. production guidance (at the mid-point) represents a 1% to 2% increase from forecast H2/2023 production guidance (7% increase on a per-share basis(6)), adjusted for the previously announced sale of Forgan and Plato assets in the Viking.Upcoming Dividend • Dec 07Upcoming dividend of CA$0.022 per share at 2.1% yieldEligible shareholders must have bought the stock before 14 December 2023. Payment date: 02 January 2024. Payout ratio is a comfortable 1.9% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (4.6%).Seeking Alpha • Dec 05Baytex Energy: Solid Operational Performance, But Lowered Free Cash Flow ExpectationsSummary Baytex Energy's free cash flow should increase in Q4 2023 to around CAD$325 million (US$241 million). BTE's Q3 2023 performance was in line with expectations, but reduced capex should help boost Q4 2023 free cash flow. It is involved in a Canadian tax dispute that could cost it over US$300 million, although this won't be resolved for multiple years. The Company's estimated value has been trimmed to CAD$6.75 (US$5.00) to reflect the impact of lower near-term commodity prices and the potential tax settlement costs. Read the full article on Seeking Alphaお知らせ • Nov 29An unknown buyer entered into an agreement to acquire Certain of Viking Assets Located at Forgan and Plato in Southwest Saskatchewan from Baytex Energy Corp. (TSX:BTE) for CAD 150 millionAn unknown buyer entered into an agreement to acquire Certain of Viking Assets Located at Forgan and Plato in Southwest Saskatchewan from Baytex Energy Corp. (TSX:BTE) for CAD 150 million on November 27, 2023. The disposition is expected to close prior to year-end with net proceeds from the sale to be applied against outstanding bank indebtedness. Scotiabank acted as financial advisor to Baytex.お知らせ • Nov 04+ 1 more updateBaytex Energy Corp. Provides Production Guidance for the Fourth Quarter and Full Year 2023Baytex Energy Corp. provided production guidance for the fourth quarter and full year 2023. For the quarter, the company estimates production to be in the range of 158,000 boe/d to 160,000 boe/d.For the full year, the company estimated production of 121,500 boe/d to 122,000 boe/d (previous guidance range of 120,500 boe/d to 122,500 boe/d).Reported Earnings • Nov 03Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: CA$0.15 (down from CA$0.48 in 3Q 2022). Revenue: CA$923.0m (up 63% from 3Q 2022). Net income: CA$127.4m (down 52% from 3Q 2022). Profit margin: 14% (down from 47% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 134% per year, which means it is tracking significantly ahead of earnings growth.Seeking Alpha • Nov 03Baytex Energy: Choosing Between Profits And More ProfitsSummary Baytex Energy Corp. has the choice between developing a profitable Eagle Ford basin or a more profitable Clearwater acreage. Clearwater play has low breakeven points and could generate cash flow, but heavy oil production may be shut in during commodity price downturns. Management has prioritized a low debt ratio balance sheet and light oil production to ensure reasonable results during weak commodity prices. The newly acquired Eagle Ford acreage appears to be in a position to show material production improvement. Current high prices make the latest acquisition more of a bargain while allowing an earlier debt reduction to desired levels. Read the full article on Seeking AlphaSeeking Alpha • Oct 04Baytex Energy: Taking Advantage Of A Good DealSummary Baytex Energy's acquisition of Ranger Oil was an excellent bargain. Rising oil prices increase the value of this bargain. The other non-operated Eagle Ford acreage could be more highly valued now that there is operating acreage to go with it. That is now a far more typical setup. Light Oil is a premium product with a more reliable cash flow in a downturn. Baytex is now mostly a light oil producer even though it began as a heavy oil producer. The company is now materially different from the company that reported second-quarter results. Read the full article on Seeking AlphaUpcoming Dividend • Sep 07Upcoming dividend of CA$0.022 per share at 1.6% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 02 October 2023. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (4.2%).Seeking Alpha • Sep 04Baytex Energy: Strong Oil Prices Push Projected H2 2023 FCF Above US$400 MillionSummary Baytex Energy is projected to generate US$426 million in 2H 2023 free cash flow. It benefits from strong oil prices and narrower WCS differentials and has wide WTI oil collars with a ceiling of US$100. BTE may be able to put US$200 million towards share repurchases in 2H 2023. The estimated value has improved to US$5.50 at long-term $75 WTI oil, assuming narrower WCS differentials continue. Read the full article on Seeking AlphaBoard Change • Aug 31High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Jeff Wojahn was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jul 29+ 1 more updateBaytex Energy Corp. Declares Quarterly Cash Dividend, Payable on October 2, 2023Baytex Energy Corp. announced that its Board of Directors has declared a quarterly cash dividend of CAD 0.0225 per share to be paid on October 2, 2023 for shareholders of record on September 15, 2023.Seeking Alpha • Jul 28Baytex Energy: Is The Stock Still Dirt Cheap?Summary Baytex Energy Corp. has reported Q2 2023 financial results. Net income per share rocketed to $.37, and the EPS for the first half of the year climbed to $.47 from $.42 compared to last year. We look at whether Baytex's stock is still cheap following the 5% rise in its share price. Read the full article on Seeking AlphaSeeking Alpha • Jul 12Baytex Energy: Going For MoreSummary The new Baytex Energy Corp. debt goal is C$1.5 billion. Production per share should increase just from the Ranger Oil acquisition. The share purchase program should enhance that effect. A quarterly paid dividend that totals C$.09 was initiated. The company needs to plan on the light oil cash flow carrying the company through periodic downturns. A company like Baytex Energy often outperforms a penny stock like Pantheon Resources in the long term. Read the full article on Seeking Alphaお知らせ • Jun 22Baytex Energy Corp. Announces Board ChangesBaytex Energy Corp. has appointed Jeffrey Wojahn and Tiffany (T.J.) Thom Cepak to its board of directors. The Baytex board is comprised of 10 members, nine of whom are independent and four of whom are women. All committees of the Baytex board are chaired by independent members and two of the four committee chairs are women. In addition, the company announced it has added Julia Gwaltney and Kayla Baird to the Baytex leadership team, as well as the Ranger teams operating in Texas. The Baytex leadership team is comprised of: Eric Greager, president and chief executive officer; Chad Kalmakoff, chief financial officer; Chad Lundberg, chief operating officer; James Maclean, chief legal officer and corporate secretary; Brian Ector, senior vice president, capital markets and investor relations; Kendall Arthur, senior vice president and general manager, Canadian heavy oil operations; Julia Gwaltney, senior vice president and general manager, U.S. Eagle Ford operations; Nicole Frechette, vice president and general manager, Canadian light oil operations; Chris Lessoway, vice president, finance and treasurer; and Kayla Baird, vice president, U.S. accounting and corporate services.業績と収益の成長予測NYSE:BTE - アナリストの将来予測と過去の財務データ ( )CAD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20271,579146177896412/31/20261,84326830594533/31/20261,487-3391521,177N/A12/31/20251,481-2772071,486N/A9/30/2025945-2064201,727N/A6/30/20251,049-535201,805N/A3/31/20251,233-1016851,956N/A12/31/20241,613-975941,908N/A9/30/20243,355-3515761,914N/A6/30/20243,428-4093631,808N/A3/31/20243,026-2992231,495N/A12/31/20232,713-2332401,296N/A9/30/20232,4037451991,125N/A6/30/20232,045883313991N/A3/31/20232,2378505541,159N/A12/31/20222,3268566491,173N/A9/30/20222,2511,0666151,110N/A6/30/20222,084834557979N/A3/31/20221,7621,706404790N/A12/31/20211,5291,614397712N/A9/30/20211,2731,272205523N/A6/30/20211,0871,215198438N/A3/31/202185024103292N/A12/31/2020812-2,43970353N/A9/30/2020985-2,778178537N/A6/30/20201,122-2,739156638N/A3/31/20201,393-2,522280860N/A12/31/20191,486-12N/A835N/A9/30/20191,396-126N/A769N/A6/30/20191,391-114N/A728N/A3/31/20191,266-251N/A555N/A12/31/20181,115-325N/A485N/A9/30/20181,070-18N/A413N/A6/30/2018929-55N/A336N/A3/31/201887613N/A332N/A12/31/201785887N/A325N/A9/30/2017802-348N/A268N/A6/30/2017751-378N/A279N/A3/31/2017686-475N/A264N/A12/31/2016602-485N/A247N/A9/30/2016605-545N/A283N/A6/30/2016661-1,025N/A343N/A3/31/2016772-966N/A426N/A12/31/2015880-1,143N/A549N/A9/30/20151,071-1,086N/A751N/A6/30/20151,346-422N/A949N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: BTEは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 3.5% ) よりも高い成長率であると考えられます。収益対市場: BTE今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: BTE今後 3 年以内に収益を上げることが予想されます。収益対市場: BTEの収益 ( 2.4% ) US市場 ( 11.7% ) よりも低い成長が予測されています。高い収益成長: BTEの収益 ( 2.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: BTEの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YEnergy 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 05:15終値2026/05/21 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Baytex Energy Corp. 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。24 アナリスト機関Patrick O'RourkeATB CormarkLaique Ahmad Amir ArifATB CormarkJonathan FlemingATB Cormark Historical (Cormark Securities)21 その他のアナリストを表示
お知らせ • Dec 04Baytex Energy Corp. Provides Production Guidance for the Year 2025Baytex Energy Corp. provided production guidance for the year 2025. For the year, the company expects Production to be in the range of 150,000 boe/d - 154,000 boe/d.
お知らせ • Mar 01+ 1 more updateBaytex Energy Corp. Provides Production Guidance for the Year 2024Baytex Energy Corp. provided production guidance for the year 2024. For the year 2024, the company expects production of 150,000 BOE to 156,000 BOE per day.
お知らせ • Dec 07Baytex Energy Corp. Provides Production Guidance for 2024Baytex Energy Corp. provided production guidance for 2024. For the year, company expects Production (boe/d) 150,000 - 156,000. production guidance (at the mid-point) represents a 1% to 2% increase from forecast H2/2023 production guidance (7% increase on a per-share basis(6)), adjusted for the previously announced sale of Forgan and Plato assets in the Viking.
お知らせ • Nov 04+ 1 more updateBaytex Energy Corp. Provides Production Guidance for the Fourth Quarter and Full Year 2023Baytex Energy Corp. provided production guidance for the fourth quarter and full year 2023. For the quarter, the company estimates production to be in the range of 158,000 boe/d to 160,000 boe/d.For the full year, the company estimated production of 121,500 boe/d to 122,000 boe/d (previous guidance range of 120,500 boe/d to 122,500 boe/d).
Seeking Alpha • May 19Baytex Energy: Some Catching Up NeededSummary Baytex Energy Corp. remains a Strong Buy. However, that idea is contingent on management delivering meaningful breakeven cost reductions in its heavy oil operations. BTE's current WTI $48 breakeven is high for Clearwater, lagging peers like Tamarack Valley and Headwater Exploration in cost competitiveness. Financial position is solid post-Eagle Ford sale. But operational optimization is critical before considering expansion into new ventures like thermal. Key risks include geopolitical uncertainty, CEO turnover, and the need for cost structure improvements to weather potential commodity price downturns. Read the full article on Seeking Alpha
Declared Dividend • May 11First quarter dividend of CA$0.022 announcedShareholders will receive a dividend of CA$0.022. Ex-date: 15th June 2026 Payment date: 2nd July 2026 Dividend yield will be 1.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (43% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
Declared Dividend • Mar 08Fourth quarter dividend of CA$0.022 announcedShareholders will receive a dividend of CA$0.022. Ex-date: 13th March 2026 Payment date: 1st April 2026 Dividend yield will be 1.8%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (33% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
Reported Earnings • Mar 05Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: CA$0.36 loss per share (down from CA$0.29 profit in FY 2024). Revenue: CA$1.48b (down 56% from FY 2024). Net loss: CA$276.8m (down 217% from profit in FY 2024). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates. Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 4.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 24Baytex Energy Corp., Annual General Meeting, May 07, 2026Baytex Energy Corp., Annual General Meeting, May 07, 2026.
Board Change • Jan 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Director Jeff Wojahn was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Dec 08Upcoming dividend of CA$0.022 per shareEligible shareholders must have bought the stock before 15 December 2025. Payment date: 02 January 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (4.0%).
お知らせ • Dec 03+ 3 more updatesBaytex Energy Corp. to Report Q2, 2026 Results on Jul 30, 2026Baytex Energy Corp. announced that they will report Q2, 2026 results on Jul 30, 2026
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 28%After last week's 28% share price gain to US$3.03, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Oil and Gas industry in the US. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$2.28 per share.
Buy Or Sell Opportunity • Nov 03Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to US$2.42. The fair value is estimated to be US$1.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 6.6% in 2 years. Earnings are forecast to decline by 77% in the next 2 years.
New Risk • Nov 02New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Earnings are forecast to decline by an average of 63% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Oct 31Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: CA$0.042 (down from CA$0.23 in 3Q 2024). Revenue: CA$746.4m (down 12% from 3Q 2024). Net income: CA$32.0m (down 83% from 3Q 2024). Profit margin: 4.3% (down from 22% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 60%. Revenue is expected to decline by 4.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 10Baytex Energy Reportedly Weighs $3 Billion Exit of U.S. OperationsBaytex Energy Corp. (TSX:BTE) is weighing an exit of its operations in the Eagle Ford shale of south Texas to refocus on its domestic assets, according to people familiar with the matter. Baytex, which significantly extended its reach into the basin just two years ago via a takeover of Ranger Oil, is working with advisers to solicit interest in the operations, which could fetch as much as $3 billion, the people said, asking not to be identified because the details are private. No final decision has been made and Baytex could opt to hold onto the assets. A representative for Baytex declined to comment. The potential sale would be a significant turnabout for Baytex, which touted the Ranger deal at the time as an opportunity to double free cash flow and deliver at least a dozen years of oil-weighted drilling opportunities.
Buy Or Sell Opportunity • Oct 03Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 30% to US$2.37. The fair value is estimated to be US$1.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 3.0% in 2 years. Earnings are forecast to decline by 87% in the next 2 years.
Valuation Update With 7 Day Price Move • Sep 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$2.61, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Oil and Gas industry in the US. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$1.82 per share.
Upcoming Dividend • Sep 08Upcoming dividend of CA$0.022 per shareEligible shareholders must have bought the stock before 15 September 2025. Payment date: 01 October 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (4.0%).
Buy Or Sell Opportunity • Sep 02Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 38% to US$2.36. The fair value is estimated to be US$1.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 3.0% in 2 years. Earnings are forecast to decline by 87% in the next 2 years.
Declared Dividend • Aug 04Second quarter dividend of CA$0.022 announcedShareholders will receive a dividend of CA$0.022. Ex-date: 15th September 2025 Payment date: 1st October 2025 Dividend yield will be 3.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 80% over the next 3 years. Since a fall of 79% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Reported Earnings • Aug 01Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: CA$0.20 (up from CA$0.13 in 2Q 2024). Revenue: CA$709.2m (down 21% from 2Q 2024). Net income: CA$151.5m (up 46% from 2Q 2024). Profit margin: 21% (up from 12% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.2%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$2.04, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Oil and Gas industry in the US. Total loss to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$1.92 per share.
Upcoming Dividend • Jun 06Upcoming dividend of CA$0.022 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 02 July 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (4.2%).
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 28%After last week's 28% share price gain to US$1.94, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Oil and Gas industry in the US. Total loss to shareholders of 61% over the past three years.
お知らせ • May 10Baytex Energy Corp. Declares Quarterly Cash Dividend, Payable on July 2, 2025Baytex Energy Corp. Board of Directors has declared a quarterly cash dividend of $0.0225 per share, to be paid on July 2, 2025 to shareholders of record on June 13, 2025.
Declared Dividend • May 08First quarter dividend of CA$0.022 announcedShareholders will receive a dividend of CA$0.022. Ex-date: 13th June 2025 Payment date: 2nd July 2025 Dividend yield will be 4.5%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 76% over the next 3 years. Since a fall of 75% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Reported Earnings • May 07First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: CA$0.09 (up from CA$0.017 loss in 1Q 2024). Revenue: CA$791.2m (up 2.1% from 1Q 2024). Net income: CA$69.6m (up CA$83.6m from 1Q 2024). Profit margin: 8.8% (up from net loss in 1Q 2024). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.8%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.
New Risk • Apr 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 48% per year for the foreseeable future. Minor Risks High level of debt (54% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.2% average weekly change). Significant insider selling over the past 3 months (US$343k sold).
Buy Or Sell Opportunity • Apr 09Now 28% overvaluedOver the last 90 days, the stock has fallen 33% to US$1.80. The fair value is estimated to be US$1.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 1.4% per annum. Earnings are also forecast to decline by 48% per annum over the same time period.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to US$1.62, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 63% over the past three years.
Seeking Alpha • Mar 29Baytex Energy: Early Signs Of Contrarian Investors Loading The BarrelSummary I believe Baytex is undervalued, trading at just 1.3x forward cash flow and 60% of book value, with no goodwill on the books. I believe the company's 60% US-based production limits the impact of the new 10% Canadian energy import tariffs. That said, I’m concerned by a 33% qoq drop in institutional ownership last quarter, despite strong fundamentals and margin improvements. I’m leaning toward a contrarian buy, especially if Q1 13F filings show institutional buying activity returning. Read the full article on Seeking Alpha
New Risk • Mar 17New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$343k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 46% per year for the foreseeable future. Minor Risks High level of debt (54% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (US$343k sold).
Declared Dividend • Mar 07Fourth quarter dividend of CA$0.022 announcedShareholders will receive a dividend of CA$0.022. Ex-date: 14th March 2025 Payment date: 1st April 2025 Dividend yield will be 3.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 49% over the next 3 years. However, it would need to fall by 66% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Mar 05Full year 2024 earnings releasedFull year 2024 results: Net income: (up CA$233.4m from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
New Risk • Mar 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 116% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 116% per year for the foreseeable future. Minor Risk Paying a dividend despite being loss-making.
お知らせ • Mar 05Baytex Energy Corp. Declares Quarterly Cash Dividend, Payable on April 1, 2025Baytex Energy Corp. has declared a quarterly cash dividend of $0.0225 per share to be paid on April 1, 2025 for shareholders of record on March 14, 2025.
Seeking Alpha • Mar 05Baytex Energy: Costs Decline At The Right TimeSummary Baytex Energy's acquisition of Eagle Ford properties has led to confusion due to an impairment in fiscal year 2023. Eagle Ford properties have lower operating costs; however, they also have higher royalty costs. Management's non-core sales and operational improvements in Eagle Ford and Clearwater have further lowered production costs. Despite being a Canadian company, most production is in the U.S., making the impact of proposed tariffs unclear. Similarly, the debt is United States based, as is most of the production in the Eagle Ford. This limits currency risk of the debt in a different country. Read the full article on Seeking Alpha
お知らせ • Feb 25Baytex Energy Corp., Annual General Meeting, May 05, 2025Baytex Energy Corp., Annual General Meeting, May 05, 2025.
Seeking Alpha • Dec 27Baytex Energy: 2025 Guidance Does Not Alter My Buy ThesisSummary Baytex Energy Corp. plans no production growth for fiscal year 2025. The return on Clearwater wells has declined because the company is using lower commodity prices for this budget. Technological advances may drive 0-4% production growth, depending on cost progress and production improvements. Management is cautious about fiscal year 2025. Both the Eagle Ford and Clearwater production growth and improvements should allow BTE profitability to increase. Read the full article on Seeking Alpha
Seeking Alpha • Dec 20Baytex Energy: A Look At Its Outlook For 2025Summary Baytex has met expectations for 2024, with production and capex at the midpoint of guidance. It may be able to generate US$320 million in 2025 free cash flow at high-$60s WTI oil strip. Baytex's value remains quite sensitive to oil prices, but I believe it is currently priced for a long-term price of slightly under $65 WTI oil. Baytex's debt remains a risk. This appears manageable to me, but it needs to reduce debt by around 35% to reach its debt target. Read the full article on Seeking Alpha
Upcoming Dividend • Dec 06Upcoming dividend of CA$0.022 per shareEligible shareholders must have bought the stock before 13 December 2024. Payment date: 02 January 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (3.9%).
お知らせ • Dec 04Baytex Energy Corp. Provides Production Guidance for the Year 2025Baytex Energy Corp. provided production guidance for the year 2025. For the year, the company expects Production to be in the range of 150,000 boe/d - 154,000 boe/d.
Seeking Alpha • Nov 26Baytex Energy: A 'Scratch And Dent' StandoutSummary Baytex Energy Corp. is undervalued, trading at a 35% discount to book value, with strong fundamentals and catalysts in both U.S. and Canadian markets. Baytex's acquisition of Ranger Oil in the Eagle Ford basin has diversified its production, now over half of its daily output. The company is focused on reducing debt and returning capital to shareholders, with a free cash flow yield of 18% and attractive valuation multiples. BTE rates a strong buy for investors anticipating higher oil prices and improved market conditions for upstream E&P operators. Read the full article on Seeking Alpha
Seeking Alpha • Nov 18Baytex Energy: Post Ranger Oil Acquisition Improving ResultsSummary The assimilation and optimization costs related to the acquisition are fading. Clearwater production is rising as planned. This company may continue to post earnings that beat the industry expectations. The share repurchases are materially affecting shares outstanding. This is one of the few companies in a position to post strong earnings comparisons during a time of weak commodity prices. Read the full article on Seeking Alpha
Declared Dividend • Nov 04Third quarter dividend of CA$0.022 announcedShareholders will receive a dividend of CA$0.022. Ex-date: 13th December 2024 Payment date: 2nd January 2025 Dividend yield will be 2.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
お知らせ • Nov 02+ 3 more updatesBaytex Energy Corp. to Report Fiscal Year 2024 Results on Mar 04, 2025Baytex Energy Corp. announced that they will report fiscal year 2024 results on Mar 04, 2025
Reported Earnings • Nov 01Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: CA$0.23 (up from CA$0.15 in 3Q 2023). Revenue: CA$850.8m (down 7.8% from 3Q 2023). Net income: CA$185.2m (up 45% from 3Q 2023). Profit margin: 22% (up from 14% in 3Q 2023). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 21%. Revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.8%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.
Seeking Alpha • Oct 17Baytex Energy: Solid Operational Performance, But Vulnerable To Lower Oil PricesSummary Baytex has met expectations operationally, and is on track to meet its full-year guidance. Baytex's heavy oil production grew 8% quarter-over-quarter. WCS differentials have ended up slightly wider than previously expected, although still substantially improved compared to earlier in 2024. Baytex is on track to generate over US$450 million in 2024 free cash flow. Baytex's 2025 free cash flow may end up under US$300 million at current strip of high-$60s WTI oil, due to its lack of hedge protection above US$60 WTI oil. Read the full article on Seeking Alpha
Seeking Alpha • Sep 27Baytex Energy: 'But The Stock Price...'Summary Baytex Energy's stock price is temporarily depressed due to a large shareholder from the Ranger Oil acquisition selling shares. The Eagle Ford acreage is delivering anticipated improvements. This enables far more Clearwater production, which earns a 500% return. The startup of the Trans Mountain Pipeline Expansion is keeping the heavy oil discount historically tight (for the time being). The market will eventually recognize the operational progress and improved outlook. The Eagle Ford acquisition meant that Eagle Ford operations were now mostly operated by Baytex, whereas before the acquisition, the acreage was non-operated. Read the full article on Seeking Alpha
Upcoming Dividend • Sep 09Upcoming dividend of CA$0.022 per shareEligible shareholders must have bought the stock before 16 September 2024. Payment date: 01 October 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.2%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (4.2%).
お知らせ • Jul 31+ 1 more updateBaytex Energy Corp. Declares Quarterly Cash Dividend, Payable on October 1, 2024Baytex Energy Corp. Board of Directors declared a quarterly cash dividend of CAD 0.0225 per share to be paid on October 1, 2024 for shareholders on record as at September 16, 2024.
Declared Dividend • Jul 29Second quarter dividend of CA$0.022 announcedShareholders will receive a dividend of CA$0.022. Ex-date: 16th September 2024 Payment date: 1st October 2024 Dividend yield will be 2.1%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (20% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
Seeking Alpha • Jul 26Baytex Energy: Per Share Production Up 23%Summary Baytex Energy Corp. per share production is up sharply due to the acquisition. Clearwater wells return 500% at least in the current environment. Acquisition of Ranger Oil added much-needed light oil production. This supports the expansion of the heavy oil business. United States earnings from Eagle Ford are likely offsetting any unfavorable currency effects on the debt. In short, there is no unfavorable currency effect on the debt. Earnings per share are now positioned to grow for years to come. Read the full article on Seeking Alpha
Reported Earnings • Jul 26Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: CA$0.13 (down from CA$0.37 in 2Q 2023). Revenue: CA$892.7m (up 82% from 2Q 2023). Net income: CA$103.9m (down 51% from 2Q 2023). Profit margin: 12% (down from 44% in 2Q 2023). Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jun 07Upcoming dividend of CA$0.022 per shareEligible shareholders must have bought the stock before 14 June 2024. Payment date: 02 July 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (4.1%).
Seeking Alpha • Jun 06Baytex Energy: Narrower WCS Differentials Partially Offset Lower Oil PricesSummary With the Trans Mountain Pipeline expansion, WCS differentials have narrowed to near negative US$12, which is a US$7 improvement compared to Q1 2024. This partially offsets the impact of weaker oil prices, with 2H 2024 WTI strip at around $73 now. Baytex's Q1 2024 results were in line with expectations, and its full-year guidance remains unchanged. It is now projected to generate US$472 million in 2024 free cash flow at current strip. Read the full article on Seeking Alpha
New Risk • May 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (50% increase in shares outstanding).
Reported Earnings • May 10First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: CA$0.017 loss per share (down from CA$0.094 profit in 1Q 2023). Revenue: CA$775.0m (up 68% from 1Q 2023). Net loss: CA$14.0m (down 127% from profit in 1Q 2023). Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings.
Seeking Alpha • May 10Baytex Energy: Some Patience NeededSummary Baytex Energy posted a slight loss for Q1 due to non-cash issues, but cash flow grew at a healthy pace. Operational improvements are a priority for management to improve the situation. The large cash flow increase bodes well for debt repayment and potentially larger dividends. This company has changed from a Canadian heavy oil producer to an Eagle Ford (United States) producer with heavy oil production. The company now also controls most of its Eagle Ford production. Read the full article on Seeking Alpha
Seeking Alpha • Mar 21Baytex Energy: Projected 2024 Free Cash Flow Improves To Over US$500 MillionSummary Baytex is now projected to generate US$528 million in 2024 free cash flow at the current strip. This is US$138 million higher than it forecast in December 2023, as it benefits from improved oil prices and collars with a ceiling above the current strip. It paid approximately US$44 million for US$200 million in insurance related to its Canadian tax dispute. The cost of that policy suggests a high (75+%) chance of BTE winning that dispute. Read the full article on Seeking Alpha
New Risk • Mar 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Paying a dividend despite being loss-making.
Upcoming Dividend • Mar 07Upcoming dividend of CA$0.022 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 01 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (4.3%).
Seeking Alpha • Mar 04Baytex Energy: One Of Best E&Ps For Oil BullsSummary Baytex Energy's cash flows are very levered to oil prices. The company expects to generate C$575 million in free cash flow this year based on current strip prices, but at higher oil prices, it could double. The stock could see some near-term pressure as new shares open up to trade following an acquisition last year. Read the full article on Seeking Alpha
お知らせ • Mar 01+ 1 more updateBaytex Energy Corp. Provides Production Guidance for the Year 2024Baytex Energy Corp. provided production guidance for the year 2024. For the year 2024, the company expects production of 150,000 BOE to 156,000 BOE per day.
Reported Earnings • Feb 29Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: CA$0.33 loss per share (down from CA$1.53 profit in FY 2022). Revenue: CA$2.71b (up 17% from FY 2022). Net loss: CA$233.4m (down 127% from profit in FY 2022). Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
Seeking Alpha • Feb 19Baytex Energy Is Worth Some ThoughtSummary Financial advisors dismiss value investors in favor of metrics like growth and relative price to earnings. Valuation experts are shifting to using a modified Black Scholes analysis to value commodity-based companies. Black-Scholes approach values reserves based on the theory that if profitable development is possible, reserve value can be assessed with reasonable accuracy. Valuation of Baytex reserves provides evidence Baytex shares are undervalued in the market. Read the full article on Seeking Alpha
Seeking Alpha • Jan 18Baytex Energy May Be The Most Undervalued Energy Stock On My RadarSummary Baytex Energy is a Canadian driller with a dual listing in Toronto and New York, focusing on oil production and transitioning to a healthier state. The company has improved its business in recent years, achieving operational efficiency and productivity, increasing shareholder returns, and introducing a dividend. Baytex Energy has a clear plan for debt reduction, distribution of free cash flow to shareholders, and aims to generate significant free cash flow in the future as oil prices increase. Read the full article on Seeking Alpha
お知らせ • Dec 19+ 4 more updatesBaytex Energy Corp. to Report Q1, 2024 Results on May 09, 2024Baytex Energy Corp. announced that they will report Q1, 2024 results on May 09, 2024
Seeking Alpha • Dec 17Baytex: Downgrading To 'Buy' On Lower Oil Price AssumptionsSummary Baytex Energy recently provided 2024 and later-year guidance, looking for moderate production growth going forward. The company's FCF guidance was disappointing, given lower oil price assumptions. BTE's stock remains cheap, but is a more speculative play given its debt load and sensitivities to oil prices. Read the full article on Seeking Alpha
New Risk • Dec 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 27% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 27% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks High level of debt (55% net debt to equity). Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (31% net profit margin).
お知らせ • Dec 07Baytex Energy Corp. Provides Production Guidance for 2024Baytex Energy Corp. provided production guidance for 2024. For the year, company expects Production (boe/d) 150,000 - 156,000. production guidance (at the mid-point) represents a 1% to 2% increase from forecast H2/2023 production guidance (7% increase on a per-share basis(6)), adjusted for the previously announced sale of Forgan and Plato assets in the Viking.
Upcoming Dividend • Dec 07Upcoming dividend of CA$0.022 per share at 2.1% yieldEligible shareholders must have bought the stock before 14 December 2023. Payment date: 02 January 2024. Payout ratio is a comfortable 1.9% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (4.6%).
Seeking Alpha • Dec 05Baytex Energy: Solid Operational Performance, But Lowered Free Cash Flow ExpectationsSummary Baytex Energy's free cash flow should increase in Q4 2023 to around CAD$325 million (US$241 million). BTE's Q3 2023 performance was in line with expectations, but reduced capex should help boost Q4 2023 free cash flow. It is involved in a Canadian tax dispute that could cost it over US$300 million, although this won't be resolved for multiple years. The Company's estimated value has been trimmed to CAD$6.75 (US$5.00) to reflect the impact of lower near-term commodity prices and the potential tax settlement costs. Read the full article on Seeking Alpha
お知らせ • Nov 29An unknown buyer entered into an agreement to acquire Certain of Viking Assets Located at Forgan and Plato in Southwest Saskatchewan from Baytex Energy Corp. (TSX:BTE) for CAD 150 millionAn unknown buyer entered into an agreement to acquire Certain of Viking Assets Located at Forgan and Plato in Southwest Saskatchewan from Baytex Energy Corp. (TSX:BTE) for CAD 150 million on November 27, 2023. The disposition is expected to close prior to year-end with net proceeds from the sale to be applied against outstanding bank indebtedness. Scotiabank acted as financial advisor to Baytex.
お知らせ • Nov 04+ 1 more updateBaytex Energy Corp. Provides Production Guidance for the Fourth Quarter and Full Year 2023Baytex Energy Corp. provided production guidance for the fourth quarter and full year 2023. For the quarter, the company estimates production to be in the range of 158,000 boe/d to 160,000 boe/d.For the full year, the company estimated production of 121,500 boe/d to 122,000 boe/d (previous guidance range of 120,500 boe/d to 122,500 boe/d).
Reported Earnings • Nov 03Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: CA$0.15 (down from CA$0.48 in 3Q 2022). Revenue: CA$923.0m (up 63% from 3Q 2022). Net income: CA$127.4m (down 52% from 3Q 2022). Profit margin: 14% (down from 47% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 134% per year, which means it is tracking significantly ahead of earnings growth.
Seeking Alpha • Nov 03Baytex Energy: Choosing Between Profits And More ProfitsSummary Baytex Energy Corp. has the choice between developing a profitable Eagle Ford basin or a more profitable Clearwater acreage. Clearwater play has low breakeven points and could generate cash flow, but heavy oil production may be shut in during commodity price downturns. Management has prioritized a low debt ratio balance sheet and light oil production to ensure reasonable results during weak commodity prices. The newly acquired Eagle Ford acreage appears to be in a position to show material production improvement. Current high prices make the latest acquisition more of a bargain while allowing an earlier debt reduction to desired levels. Read the full article on Seeking Alpha
Seeking Alpha • Oct 04Baytex Energy: Taking Advantage Of A Good DealSummary Baytex Energy's acquisition of Ranger Oil was an excellent bargain. Rising oil prices increase the value of this bargain. The other non-operated Eagle Ford acreage could be more highly valued now that there is operating acreage to go with it. That is now a far more typical setup. Light Oil is a premium product with a more reliable cash flow in a downturn. Baytex is now mostly a light oil producer even though it began as a heavy oil producer. The company is now materially different from the company that reported second-quarter results. Read the full article on Seeking Alpha
Upcoming Dividend • Sep 07Upcoming dividend of CA$0.022 per share at 1.6% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 02 October 2023. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (4.2%).
Seeking Alpha • Sep 04Baytex Energy: Strong Oil Prices Push Projected H2 2023 FCF Above US$400 MillionSummary Baytex Energy is projected to generate US$426 million in 2H 2023 free cash flow. It benefits from strong oil prices and narrower WCS differentials and has wide WTI oil collars with a ceiling of US$100. BTE may be able to put US$200 million towards share repurchases in 2H 2023. The estimated value has improved to US$5.50 at long-term $75 WTI oil, assuming narrower WCS differentials continue. Read the full article on Seeking Alpha
Board Change • Aug 31High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Jeff Wojahn was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jul 29+ 1 more updateBaytex Energy Corp. Declares Quarterly Cash Dividend, Payable on October 2, 2023Baytex Energy Corp. announced that its Board of Directors has declared a quarterly cash dividend of CAD 0.0225 per share to be paid on October 2, 2023 for shareholders of record on September 15, 2023.
Seeking Alpha • Jul 28Baytex Energy: Is The Stock Still Dirt Cheap?Summary Baytex Energy Corp. has reported Q2 2023 financial results. Net income per share rocketed to $.37, and the EPS for the first half of the year climbed to $.47 from $.42 compared to last year. We look at whether Baytex's stock is still cheap following the 5% rise in its share price. Read the full article on Seeking Alpha
Seeking Alpha • Jul 12Baytex Energy: Going For MoreSummary The new Baytex Energy Corp. debt goal is C$1.5 billion. Production per share should increase just from the Ranger Oil acquisition. The share purchase program should enhance that effect. A quarterly paid dividend that totals C$.09 was initiated. The company needs to plan on the light oil cash flow carrying the company through periodic downturns. A company like Baytex Energy often outperforms a penny stock like Pantheon Resources in the long term. Read the full article on Seeking Alpha
お知らせ • Jun 22Baytex Energy Corp. Announces Board ChangesBaytex Energy Corp. has appointed Jeffrey Wojahn and Tiffany (T.J.) Thom Cepak to its board of directors. The Baytex board is comprised of 10 members, nine of whom are independent and four of whom are women. All committees of the Baytex board are chaired by independent members and two of the four committee chairs are women. In addition, the company announced it has added Julia Gwaltney and Kayla Baird to the Baytex leadership team, as well as the Ranger teams operating in Texas. The Baytex leadership team is comprised of: Eric Greager, president and chief executive officer; Chad Kalmakoff, chief financial officer; Chad Lundberg, chief operating officer; James Maclean, chief legal officer and corporate secretary; Brian Ector, senior vice president, capital markets and investor relations; Kendall Arthur, senior vice president and general manager, Canadian heavy oil operations; Julia Gwaltney, senior vice president and general manager, U.S. Eagle Ford operations; Nicole Frechette, vice president and general manager, Canadian light oil operations; Chris Lessoway, vice president, finance and treasurer; and Kayla Baird, vice president, U.S. accounting and corporate services.