View ValuationBaytex Energy 향후 성장Future 기준 점검 3/6Baytex Energy은 연간 수입과 매출이 각각 105.2%와 2.4% 증가할 것으로 예상되고 EPS는 연간 107.3%만큼 증가할 것으로 예상됩니다.핵심 정보105.2%이익 성장률107.30%EPS 성장률Oil and Gas 이익 성장44.7%매출 성장률2.4%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트08 May 2026최근 향후 성장 업데이트공시 • 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.공시 • 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.공시 • 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.공시 • 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).공시 • May 31Baytex Energy Corp. Restarts Production Following Alberta WildfiresBaytex Energy Corp. advised that have brought back onstream the full 24,000 boe/d of production that was shut-in as a result of the Alberta wildfires. There was no damage to assets or infrastructure. The company estimate that production was curtailed by approximately 12,500 boe/d for the month of May. Wildfires remain active in operating areas and the company continue to monitor the situation closely. Baytex is incredibly proud of how personnel responded with sound, safety-focused decision making. The company would like to thank the emergency responders and firefighters who worked tirelessly to protect the communities.공시 • May 06Baytex Energy Corp. Provides Production Guidance for the Full Year 2023Baytex Energy Corp. provided production guidance for the full year 2023. For the period, the company expects Production to be in the range of 86,000 (boe/d) - 89,000 (boe/d).모든 업데이트 보기Recent updatesDeclared Dividend • May 20First 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 1.4%, which is lower than the industry average of 3.1%. 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.공시 • 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.공시 • 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, 2026공시 • 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.공시 • 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.공시 • 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.공시 • Feb 25Baytex Energy Corp., Annual General Meeting, May 05, 2025Baytex Energy Corp., Annual General Meeting, May 05, 2025.공시 • 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.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 3.1%. 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.공시 • 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 released: EPS: CA$0.23 (vs CA$0.15 in 3Q 2023)Third 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 is forecast to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.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 German dividend payers (4.9%). Lower than average of industry peers (2.7%).New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% 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: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.8% average weekly change).공시 • 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 3.1%. 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.Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: CA$0.13 (vs CA$0.37 in 2Q 2023)Second 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 is forecast to stay flat during the next 3 years compared to a 37% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 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 German dividend payers (4.5%). Lower than average of industry peers (3.4%).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 released: CA$0.017 loss per share (vs CA$0.094 profit in 1Q 2023)First 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 is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Germany. 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 44% per year, which means it is well ahead of earnings.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 German dividend payers (5.1%). Lower than average of industry peers (3.4%).공시 • 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 released: CA$0.33 loss per share (vs CA$1.53 profit in FY 2022)Full 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 is forecast to grow 2.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. 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 55% per year, which means it is tracking significantly ahead of earnings growth.공시 • 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, 2024Valuation Update With 7 Day Price Move • Dec 07Investor sentiment deteriorates as stock falls 8.2%After last week's 8.2% share price decline to €3.18, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 551% over the past three years.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. Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (31% net profit margin).공시 • 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 German dividend payers (5.2%). Lower than average of industry peers (2.9%).공시 • 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.Valuation Update With 7 Day Price Move • Nov 10Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €3.65, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 1,520% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.19 per share.공시 • 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).New Risk • Nov 03New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (22% accrual ratio). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks High level of debt (55% net debt to equity). Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (31% net profit margin).Reported Earnings • Nov 03Third quarter 2023 earnings released: EPS: CA$0.15 (vs CA$0.48 in 3Q 2022)Third 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 is forecast to grow 19% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Oil and Gas industry in Germany. 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 173% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €3.59, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 1,510% over the past three years.New Risk • Oct 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% 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 Risks Earnings are forecast to decline by an average of 3.4% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks High level of debt (55% 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 (6.1% average weekly change).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 German dividend payers (4.8%). Lower than average of industry peers (2.3%).Board Change • Aug 30High 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.공시 • 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.공시 • Jun 22+ 1 more updateBaytex 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.공시 • May 31Baytex Energy Corp. Restarts Production Following Alberta WildfiresBaytex Energy Corp. advised that have brought back onstream the full 24,000 boe/d of production that was shut-in as a result of the Alberta wildfires. There was no damage to assets or infrastructure. The company estimate that production was curtailed by approximately 12,500 boe/d for the month of May. Wildfires remain active in operating areas and the company continue to monitor the situation closely. Baytex is incredibly proud of how personnel responded with sound, safety-focused decision making. The company would like to thank the emergency responders and firefighters who worked tirelessly to protect the communities.Reported Earnings • May 07First quarter 2023 earnings released: EPS: CA$0.094 (vs CA$0.10 in 1Q 2022)First quarter 2023 results: EPS: CA$0.094 (down from CA$0.10 in 1Q 2022). Revenue: CA$462.1m (down 16% from 1Q 2022). Net income: CA$51.4m (down 9.5% from 1Q 2022). Profit margin: 11% (in line with 1Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has increased by 123% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 06Baytex Energy Corp. Provides Production Guidance for the Full Year 2023Baytex Energy Corp. provided production guidance for the full year 2023. For the period, the company expects Production to be in the range of 86,000 (boe/d) - 89,000 (boe/d).Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €3.71, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 1,419% over the past three years.Recent Insider Transactions • Mar 09President recently bought €930k worth of stockOn the 3rd of March, Eric Greager bought around 238k shares on-market at roughly €3.91 per share. This transaction increased Eric's direct individual holding by 10x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Eric has been a buyer over the last 12 months, purchasing a net total of €1.0m worth in shares.Reported Earnings • Feb 26Full year 2022 earnings released: EPS: CA$1.53 (vs CA$2.86 in FY 2021)Full year 2022 results: EPS: CA$1.53 (down from CA$2.86 in FY 2021). Revenue: CA$2.33b (up 52% from FY 2021). Net income: CA$855.6m (down 47% from FY 2021). Profit margin: 37% (down from 106% in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 7.2% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 75% per year, which means it is significantly lagging earnings growth.공시 • Feb 09Baytex Energy Corp. Announces Board ChangesBaytex Energy Corp. announced the appointment of Angela Lekatsas as a director. Ms. Lekatsas is the former President and CEO of Cervus Equipment Corporation (2019 to 2021). Prior to her appointment as CEO, Ms. Lekatsas served as an independent member of the Board of Directors of Cervus, including Chair of Audit Committee and member of Human Resources and Compensation Committee beginning in 2014. For the period 2003 to 2018, Mr. Lekatsas served as a senior executive with Nutrien and its predecessor company Agrium, where she held numerous executive roles as a Vice President, including M&A, Integration, Operations Leader, Treasurer, Controller and Chief Risk Officer. Prior to Nutrien, she spent 16 years as a Chartered Professional Accountant, specializing in financial institutions, large transaction and cross border listed companies. Ms. Lekatsas currently serves as non-executive Chair of HGS Bioscience, a private company that manufactures agricultural products. Ms. Lekatsas has a Bachelor of Commerce Degree from the University of Saskatchewan and is a Chartered Professional Accountant. She also holds the ICD.D designation from the Institute of Corporate Directors. Mr. Lekatsas has been active professionally serving as an elected Board member of the Institute of Chartered Accountants of Manitoba, Professional Conduct Committee, Financial Institutions Committee, and guest lecturer. Baytex has an ongoing board renewal process led by its Nominating and Governance Committee. Throughout this renewal process, intent has been to create an efficient and independent board with complementary skill sets suited to business. As part of this renewal process, Gregory Melchin has decided to not stand for election as a director at 2023 Annual Meeting of Shareholders. Mr. Melchin has been an instrumental member of board of directors for fifteen years and currently serves as a member of Audit and Nominating and Governance committees. Mr. Melchin's hard work, dedication and thoughtful guidance for the benefit of all stakeholders is greatly appreciated.공시 • Feb 06+ 2 more updatesBaytex Energy Corp. to Report Q2, 2023 Results on Jul 27, 2023Baytex Energy Corp. announced that they will report Q2, 2023 results on Jul 27, 2023Recent Insider Transactions • Dec 15President recently bought €95k worth of stockOn the 12th of December, Eric Greager bought around 23k shares on-market at roughly €4.12 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Eric's only on-market trade for the last 12 months.공시 • Dec 08Baytex Energy Corp. Provides Production Guidance for the Year 2023Baytex Energy Corp. provides production guidance for the year 2023. For the year, the company expects Production of 86,000 boe/d- 89,000 boe/d.공시 • Nov 18+ 1 more updateBaytex Energy Corp. Announces Executive ChangesBaytex Energy Corp. announced that Chad Kalmakoff has been promoted to Chief Financial Officer. Mr. Kalmakoff replaces Rodney Gray, Chief Financial Officer, who has left the organization to pursue other opportunities. Mr. Kalmakoff joined Baytex on September 1, 2015 as Vice President, Finance and has held primary responsibilities for treasury, financial reporting, accounting and information technology. He has over 20 years of experience in the oil and gas industry. Prior to joining Baytex, Mr. Kalmakoff was Vice President, Finance and Chief Financial Officer at Kicking Horse Energy Inc. and Vice President, Finance and Chief Financial Officer at Corinthian Exploration Ltd. He also held a number of positions of increasing responsibility at Pace Oil &Gas Ltd. and its predecessors, including Chief Financial Officer and Vice President, Finance. Mr. Kalmakoff is a Chartered Accountant and holds a Bachelor of Commerce from Dalhousie University.Recent Insider Transactions • Nov 16Independent Director recently sold €555k worth of stockOn the 8th of November, Trudy Curran sold around 100k shares on-market at roughly €5.55 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €786k more than they bought in the last 12 months.공시 • Nov 09Baytex Energy Corp. Revises Production Guidance for the Year 2022Baytex Energy Corp. revised production guidance for the year 2022. For the year, the company expected production of approximately 84,000 boe/d (mid-point of previous guidance range of 83,000 to 85,000 boe/d) with a targeted exit rate of 87,000 to 88,000 boe/d.Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: CA$0.48 (vs CA$0.058 in 3Q 2021)Third quarter 2022 results: EPS: CA$0.48 (up from CA$0.058 in 3Q 2021). Revenue: CA$565.1m (up 42% from 3Q 2021). Net income: CA$265.0m (up CA$232.3m from 3Q 2021). Profit margin: 47% (up from 8.2% in 3Q 2021). Revenue is expected to fall by 3.5% p.a. on average during the next 3 years compared to a 4.5% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 73% per year, which means it is significantly lagging earnings growth.공시 • Oct 12+ 1 more updateBaytex Energy Corp. Announces Executive ChangesBaytex Energy Corp. announced that Eric Greager is to be appointed Chief Executive Officer. Mr. Greager is expected to start the role on November 4, 2022. He will replace Ed LaFehr who announced his intention to retire earlier this year. Mr. LaFehr will remain in an advisory capacity until January 2023. Mr. Greager is an accomplished energy executive with 30 years of operational and management experience. He is the former President, Chief Executive Officer and Director of NYSE listed Civitas Resources Inc. (formerly Bonanza Creek Energy Inc.), a position he held from 2018 to 2022. During his time at Bonanza Creek /Civitas, production per share more than doubled while maintaining very low financial leverage, and the company introduced a significant and increasing quarterly dividend, further delivering value to shareholders. Prior to joining Bonanza Creek /Civitas, Mr. Greager was a Vice President and General Manager at Encana Oil & Gas where he was accountable for a multi-basin portfolio producing approximately 125,000 boe/d. He joined Encana in 2006 and served in various management and executive positions. Prior to Encana, Mr. Greager spent two years at Dominion Resources and over eleven years at Helmerich & Payne Inc. Mr. Greager holds a Master's degree in Economics from the University of Oklahoma, a B.S. in Engineering from the Colorado School of Mines and is a licensed professional engineer. He has previously served as a board member at Western Energy Alliance, Colorado Oil and Gas Association, Hunter Ridge Energy Services and the Texas Parks and Wildlife Foundation.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €4.06, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 225% over the past three years.Reported Earnings • Jul 28Second quarter 2022 earnings released: EPS: CA$0.32 (vs CA$1.87 in 2Q 2021)Second quarter 2022 results: EPS: CA$0.32 (down from CA$1.87 in 2Q 2021). Revenue: CA$682.6m (up 89% from 2Q 2021). Net income: CA$181.0m (down 83% from 2Q 2021). Profit margin: 27% (down from 292% in 2Q 2021). Over the next year, revenue is forecast to grow 31%, compared to a 141% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth.공시 • Jul 28Baytex Energy Corp. Provides Production Guidance for the Full Year 2022Baytex Energy Corp. provided production guidance for the full year 2022. For the year, the company plan with production guidance unchanged at 83,000 to 85,000 boe/d and expect to exit 2022 producing approximately 87,000 to 88,000 boe/d.Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improved over the past weekAfter last week's 18% share price gain to €4.98, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 302% over the past three years.Valuation Update With 7 Day Price Move • Jun 25Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to €4.02, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 204% over the past three years.Recent Insider Transactions • Jun 25Executive VP & CFO recently bought €83k worth of stockOn the 23rd of June, Rodney Gray bought around 20k shares on-market at roughly €4.17 per share. This was the largest purchase by an insider in the last 3 months. This was Rodney's only on-market trade for the last 12 months.Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improved over the past weekAfter last week's 25% share price gain to €6.45, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 427% over the past three years.Reported Earnings • May 01First quarter 2022 earnings released: EPS: CA$0.10 (vs CA$0.063 loss in 1Q 2021)First quarter 2022 results: EPS: CA$0.10 (up from CA$0.063 loss in 1Q 2021). Revenue: CA$551.1m (up 73% from 1Q 2021). Net income: CA$56.9m (up CA$92.2m from 1Q 2021). Profit margin: 10% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to grow 19%, compared to a 53% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improved over the past weekAfter last week's 18% share price gain to €4.88, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 148% over the past three years.Recent Insider Transactions • Mar 09Insider recently sold €236k worth of stockOn the 3rd of March, Chad Kalmakoff sold around 60k shares on-market at roughly €3.93 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €287k more than they bought in the last 12 months.Reported Earnings • Feb 26Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: CA$1.53b (up 88% from FY 2020). Net income: CA$1.61b (up CA$4.05b from FY 2020). Revenue exceeded analyst estimates by 19%. Over the next year, revenue is forecast to grow 30%, compared to a 75% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.공시 • Feb 25Baytex Energy Corp. Provides Production Guidance for the Full Year 2022Baytex Energy Corp. provided production guidance for the full year 2022. For the period, the company expects production of 80,000 boe/d to 83,000 boe/d with exploration and development expenditures of $400 million to $450 million.Reported Earnings • Nov 06Third quarter 2021 earnings released: EPS CA$0.058 (vs CA$0.042 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$398.2m (up 87% from 3Q 2020). Net income: CA$32.7m (up CA$56.2m from 3Q 2020). Profit margin: 8.2% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS CA$1.87 (vs CA$0.25 loss in 2Q 2020)Second quarter 2021 results: Revenue: CA$360.8m (up 192% from 2Q 2020). Net income: CA$1.05b (up CA$1.19b from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CA$1.31, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total loss to shareholders of 52% over the past three years.Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improved over the past weekAfter last week's 17% share price gain to CA$1.65, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total loss to shareholders of 40% over the past three years.Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 22% share price gain to CA$1.34, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Oil and Gas industry in Europe. Total loss to shareholders of 60% over the past three years.Valuation Update With 7 Day Price Move • May 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to CA$1.21, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Oil and Gas industry in Europe. Total loss to shareholders of 68% over the past three years.Executive Departure • May 04Independent Director has left the companyOn the 29th of April, Naveen Dargan's tenure as Independent Director ended after 17.7 years in the role. As of December 2020, Naveen personally held 486.71k shares (€198k worth at the time). Naveen is the only executive to leave the company over the last 12 months.Reported Earnings • May 01First quarter 2021 earnings released: CA$0.063 loss per share (vs CA$4.46 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CA$317.8m (up 14% from 1Q 2020). Net loss: CA$35.4m (loss narrowed 99% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance.공시 • Apr 30Baytex Energy Corp. Provides Production Guidance for the Year 2021Baytex Energy Corp. provided production guidance for the year 2021. For the period, the company revised production guidance range to 77,000 boe/d to 79,000 boe/d, up from 73,000 boe/d to 77,000 boe/d.Reported Earnings • Feb 26Full year 2020 earnings released: CA$4.35 loss per share (vs CA$0.022 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CA$811.7m (down 45% from FY 2019). Net loss: CA$2.44b (loss widened CA$2.43b from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Feb 10New 90-day high: €0.60The company is up 140% from its price of €0.25 on 11 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 35% over the same period.Is New 90 Day High Low • Jan 09New 90-day high: €0.56The company is up 148% from its price of €0.22 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.29 per share.이익 및 매출 성장 예측DB:B5X - 애널리스트 향후 추정치 및 과거 재무 데이터 (CAD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20271,579146177896412/31/20261,84326830594533/31/20261,487-3391521,177N/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/A더 보기애널리스트 향후 성장 전망수입 대 저축률: B5X 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(1.9%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: B5X (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: B5X 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: B5X 의 수익(연간 2.4%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: B5X 의 수익(연간 2.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: B5X의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 16:33종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Baytex Energy Corp.는 24명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Patrick O'RourkeATB CormarkLaique Ahmad Amir ArifATB CormarkJonathan FlemingATB Cormark Historical (Cormark Securities)21명의 분석가 더 보기
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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).
공시 • May 31Baytex Energy Corp. Restarts Production Following Alberta WildfiresBaytex Energy Corp. advised that have brought back onstream the full 24,000 boe/d of production that was shut-in as a result of the Alberta wildfires. There was no damage to assets or infrastructure. The company estimate that production was curtailed by approximately 12,500 boe/d for the month of May. Wildfires remain active in operating areas and the company continue to monitor the situation closely. Baytex is incredibly proud of how personnel responded with sound, safety-focused decision making. The company would like to thank the emergency responders and firefighters who worked tirelessly to protect the communities.
공시 • May 06Baytex Energy Corp. Provides Production Guidance for the Full Year 2023Baytex Energy Corp. provided production guidance for the full year 2023. For the period, the company expects Production to be in the range of 86,000 (boe/d) - 89,000 (boe/d).
Declared Dividend • May 20First 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 1.4%, which is lower than the industry average of 3.1%. 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • Feb 25Baytex Energy Corp., Annual General Meeting, May 05, 2025Baytex Energy Corp., Annual General Meeting, May 05, 2025.
공시 • 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.
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 3.1%. 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.
공시 • 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 released: EPS: CA$0.23 (vs CA$0.15 in 3Q 2023)Third 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 is forecast to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.
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 German dividend payers (4.9%). Lower than average of industry peers (2.7%).
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% 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: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.8% average weekly change).
공시 • 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 3.1%. 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.
Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: CA$0.13 (vs CA$0.37 in 2Q 2023)Second 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 is forecast to stay flat during the next 3 years compared to a 37% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 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 German dividend payers (4.5%). Lower than average of industry peers (3.4%).
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 released: CA$0.017 loss per share (vs CA$0.094 profit in 1Q 2023)First 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 is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Germany. 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 44% per year, which means it is well ahead of earnings.
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 German dividend payers (5.1%). Lower than average of industry peers (3.4%).
공시 • 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 released: CA$0.33 loss per share (vs CA$1.53 profit in FY 2022)Full 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 is forecast to grow 2.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. 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 55% per year, which means it is tracking significantly ahead of earnings growth.
공시 • 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
Valuation Update With 7 Day Price Move • Dec 07Investor sentiment deteriorates as stock falls 8.2%After last week's 8.2% share price decline to €3.18, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 551% over the past three years.
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. Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (31% net profit margin).
공시 • 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 German dividend payers (5.2%). Lower than average of industry peers (2.9%).
공시 • 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.
Valuation Update With 7 Day Price Move • Nov 10Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €3.65, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 1,520% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.19 per share.
공시 • 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).
New Risk • Nov 03New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (22% accrual ratio). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks High level of debt (55% net debt to equity). Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (31% net profit margin).
Reported Earnings • Nov 03Third quarter 2023 earnings released: EPS: CA$0.15 (vs CA$0.48 in 3Q 2022)Third 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 is forecast to grow 19% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Oil and Gas industry in Germany. 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 173% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €3.59, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 1,510% over the past three years.
New Risk • Oct 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% 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 Risks Earnings are forecast to decline by an average of 3.4% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks High level of debt (55% 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 (6.1% average weekly change).
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 German dividend payers (4.8%). Lower than average of industry peers (2.3%).
Board Change • Aug 30High 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.
공시 • 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.
공시 • Jun 22+ 1 more updateBaytex 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.
공시 • May 31Baytex Energy Corp. Restarts Production Following Alberta WildfiresBaytex Energy Corp. advised that have brought back onstream the full 24,000 boe/d of production that was shut-in as a result of the Alberta wildfires. There was no damage to assets or infrastructure. The company estimate that production was curtailed by approximately 12,500 boe/d for the month of May. Wildfires remain active in operating areas and the company continue to monitor the situation closely. Baytex is incredibly proud of how personnel responded with sound, safety-focused decision making. The company would like to thank the emergency responders and firefighters who worked tirelessly to protect the communities.
Reported Earnings • May 07First quarter 2023 earnings released: EPS: CA$0.094 (vs CA$0.10 in 1Q 2022)First quarter 2023 results: EPS: CA$0.094 (down from CA$0.10 in 1Q 2022). Revenue: CA$462.1m (down 16% from 1Q 2022). Net income: CA$51.4m (down 9.5% from 1Q 2022). Profit margin: 11% (in line with 1Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has increased by 123% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 06Baytex Energy Corp. Provides Production Guidance for the Full Year 2023Baytex Energy Corp. provided production guidance for the full year 2023. For the period, the company expects Production to be in the range of 86,000 (boe/d) - 89,000 (boe/d).
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €3.71, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 1,419% over the past three years.
Recent Insider Transactions • Mar 09President recently bought €930k worth of stockOn the 3rd of March, Eric Greager bought around 238k shares on-market at roughly €3.91 per share. This transaction increased Eric's direct individual holding by 10x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Eric has been a buyer over the last 12 months, purchasing a net total of €1.0m worth in shares.
Reported Earnings • Feb 26Full year 2022 earnings released: EPS: CA$1.53 (vs CA$2.86 in FY 2021)Full year 2022 results: EPS: CA$1.53 (down from CA$2.86 in FY 2021). Revenue: CA$2.33b (up 52% from FY 2021). Net income: CA$855.6m (down 47% from FY 2021). Profit margin: 37% (down from 106% in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 7.2% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 75% per year, which means it is significantly lagging earnings growth.
공시 • Feb 09Baytex Energy Corp. Announces Board ChangesBaytex Energy Corp. announced the appointment of Angela Lekatsas as a director. Ms. Lekatsas is the former President and CEO of Cervus Equipment Corporation (2019 to 2021). Prior to her appointment as CEO, Ms. Lekatsas served as an independent member of the Board of Directors of Cervus, including Chair of Audit Committee and member of Human Resources and Compensation Committee beginning in 2014. For the period 2003 to 2018, Mr. Lekatsas served as a senior executive with Nutrien and its predecessor company Agrium, where she held numerous executive roles as a Vice President, including M&A, Integration, Operations Leader, Treasurer, Controller and Chief Risk Officer. Prior to Nutrien, she spent 16 years as a Chartered Professional Accountant, specializing in financial institutions, large transaction and cross border listed companies. Ms. Lekatsas currently serves as non-executive Chair of HGS Bioscience, a private company that manufactures agricultural products. Ms. Lekatsas has a Bachelor of Commerce Degree from the University of Saskatchewan and is a Chartered Professional Accountant. She also holds the ICD.D designation from the Institute of Corporate Directors. Mr. Lekatsas has been active professionally serving as an elected Board member of the Institute of Chartered Accountants of Manitoba, Professional Conduct Committee, Financial Institutions Committee, and guest lecturer. Baytex has an ongoing board renewal process led by its Nominating and Governance Committee. Throughout this renewal process, intent has been to create an efficient and independent board with complementary skill sets suited to business. As part of this renewal process, Gregory Melchin has decided to not stand for election as a director at 2023 Annual Meeting of Shareholders. Mr. Melchin has been an instrumental member of board of directors for fifteen years and currently serves as a member of Audit and Nominating and Governance committees. Mr. Melchin's hard work, dedication and thoughtful guidance for the benefit of all stakeholders is greatly appreciated.
공시 • Feb 06+ 2 more updatesBaytex Energy Corp. to Report Q2, 2023 Results on Jul 27, 2023Baytex Energy Corp. announced that they will report Q2, 2023 results on Jul 27, 2023
Recent Insider Transactions • Dec 15President recently bought €95k worth of stockOn the 12th of December, Eric Greager bought around 23k shares on-market at roughly €4.12 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Eric's only on-market trade for the last 12 months.
공시 • Dec 08Baytex Energy Corp. Provides Production Guidance for the Year 2023Baytex Energy Corp. provides production guidance for the year 2023. For the year, the company expects Production of 86,000 boe/d- 89,000 boe/d.
공시 • Nov 18+ 1 more updateBaytex Energy Corp. Announces Executive ChangesBaytex Energy Corp. announced that Chad Kalmakoff has been promoted to Chief Financial Officer. Mr. Kalmakoff replaces Rodney Gray, Chief Financial Officer, who has left the organization to pursue other opportunities. Mr. Kalmakoff joined Baytex on September 1, 2015 as Vice President, Finance and has held primary responsibilities for treasury, financial reporting, accounting and information technology. He has over 20 years of experience in the oil and gas industry. Prior to joining Baytex, Mr. Kalmakoff was Vice President, Finance and Chief Financial Officer at Kicking Horse Energy Inc. and Vice President, Finance and Chief Financial Officer at Corinthian Exploration Ltd. He also held a number of positions of increasing responsibility at Pace Oil &Gas Ltd. and its predecessors, including Chief Financial Officer and Vice President, Finance. Mr. Kalmakoff is a Chartered Accountant and holds a Bachelor of Commerce from Dalhousie University.
Recent Insider Transactions • Nov 16Independent Director recently sold €555k worth of stockOn the 8th of November, Trudy Curran sold around 100k shares on-market at roughly €5.55 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €786k more than they bought in the last 12 months.
공시 • Nov 09Baytex Energy Corp. Revises Production Guidance for the Year 2022Baytex Energy Corp. revised production guidance for the year 2022. For the year, the company expected production of approximately 84,000 boe/d (mid-point of previous guidance range of 83,000 to 85,000 boe/d) with a targeted exit rate of 87,000 to 88,000 boe/d.
Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: CA$0.48 (vs CA$0.058 in 3Q 2021)Third quarter 2022 results: EPS: CA$0.48 (up from CA$0.058 in 3Q 2021). Revenue: CA$565.1m (up 42% from 3Q 2021). Net income: CA$265.0m (up CA$232.3m from 3Q 2021). Profit margin: 47% (up from 8.2% in 3Q 2021). Revenue is expected to fall by 3.5% p.a. on average during the next 3 years compared to a 4.5% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 73% per year, which means it is significantly lagging earnings growth.
공시 • Oct 12+ 1 more updateBaytex Energy Corp. Announces Executive ChangesBaytex Energy Corp. announced that Eric Greager is to be appointed Chief Executive Officer. Mr. Greager is expected to start the role on November 4, 2022. He will replace Ed LaFehr who announced his intention to retire earlier this year. Mr. LaFehr will remain in an advisory capacity until January 2023. Mr. Greager is an accomplished energy executive with 30 years of operational and management experience. He is the former President, Chief Executive Officer and Director of NYSE listed Civitas Resources Inc. (formerly Bonanza Creek Energy Inc.), a position he held from 2018 to 2022. During his time at Bonanza Creek /Civitas, production per share more than doubled while maintaining very low financial leverage, and the company introduced a significant and increasing quarterly dividend, further delivering value to shareholders. Prior to joining Bonanza Creek /Civitas, Mr. Greager was a Vice President and General Manager at Encana Oil & Gas where he was accountable for a multi-basin portfolio producing approximately 125,000 boe/d. He joined Encana in 2006 and served in various management and executive positions. Prior to Encana, Mr. Greager spent two years at Dominion Resources and over eleven years at Helmerich & Payne Inc. Mr. Greager holds a Master's degree in Economics from the University of Oklahoma, a B.S. in Engineering from the Colorado School of Mines and is a licensed professional engineer. He has previously served as a board member at Western Energy Alliance, Colorado Oil and Gas Association, Hunter Ridge Energy Services and the Texas Parks and Wildlife Foundation.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €4.06, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 225% over the past three years.
Reported Earnings • Jul 28Second quarter 2022 earnings released: EPS: CA$0.32 (vs CA$1.87 in 2Q 2021)Second quarter 2022 results: EPS: CA$0.32 (down from CA$1.87 in 2Q 2021). Revenue: CA$682.6m (up 89% from 2Q 2021). Net income: CA$181.0m (down 83% from 2Q 2021). Profit margin: 27% (down from 292% in 2Q 2021). Over the next year, revenue is forecast to grow 31%, compared to a 141% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth.
공시 • Jul 28Baytex Energy Corp. Provides Production Guidance for the Full Year 2022Baytex Energy Corp. provided production guidance for the full year 2022. For the year, the company plan with production guidance unchanged at 83,000 to 85,000 boe/d and expect to exit 2022 producing approximately 87,000 to 88,000 boe/d.
Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improved over the past weekAfter last week's 18% share price gain to €4.98, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 302% over the past three years.
Valuation Update With 7 Day Price Move • Jun 25Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to €4.02, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 204% over the past three years.
Recent Insider Transactions • Jun 25Executive VP & CFO recently bought €83k worth of stockOn the 23rd of June, Rodney Gray bought around 20k shares on-market at roughly €4.17 per share. This was the largest purchase by an insider in the last 3 months. This was Rodney's only on-market trade for the last 12 months.
Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improved over the past weekAfter last week's 25% share price gain to €6.45, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 427% over the past three years.
Reported Earnings • May 01First quarter 2022 earnings released: EPS: CA$0.10 (vs CA$0.063 loss in 1Q 2021)First quarter 2022 results: EPS: CA$0.10 (up from CA$0.063 loss in 1Q 2021). Revenue: CA$551.1m (up 73% from 1Q 2021). Net income: CA$56.9m (up CA$92.2m from 1Q 2021). Profit margin: 10% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to grow 19%, compared to a 53% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improved over the past weekAfter last week's 18% share price gain to €4.88, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 148% over the past three years.
Recent Insider Transactions • Mar 09Insider recently sold €236k worth of stockOn the 3rd of March, Chad Kalmakoff sold around 60k shares on-market at roughly €3.93 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €287k more than they bought in the last 12 months.
Reported Earnings • Feb 26Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: CA$1.53b (up 88% from FY 2020). Net income: CA$1.61b (up CA$4.05b from FY 2020). Revenue exceeded analyst estimates by 19%. Over the next year, revenue is forecast to grow 30%, compared to a 75% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Feb 25Baytex Energy Corp. Provides Production Guidance for the Full Year 2022Baytex Energy Corp. provided production guidance for the full year 2022. For the period, the company expects production of 80,000 boe/d to 83,000 boe/d with exploration and development expenditures of $400 million to $450 million.
Reported Earnings • Nov 06Third quarter 2021 earnings released: EPS CA$0.058 (vs CA$0.042 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$398.2m (up 87% from 3Q 2020). Net income: CA$32.7m (up CA$56.2m from 3Q 2020). Profit margin: 8.2% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS CA$1.87 (vs CA$0.25 loss in 2Q 2020)Second quarter 2021 results: Revenue: CA$360.8m (up 192% from 2Q 2020). Net income: CA$1.05b (up CA$1.19b from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CA$1.31, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total loss to shareholders of 52% over the past three years.
Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improved over the past weekAfter last week's 17% share price gain to CA$1.65, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total loss to shareholders of 40% over the past three years.
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 22% share price gain to CA$1.34, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Oil and Gas industry in Europe. Total loss to shareholders of 60% over the past three years.
Valuation Update With 7 Day Price Move • May 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to CA$1.21, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Oil and Gas industry in Europe. Total loss to shareholders of 68% over the past three years.
Executive Departure • May 04Independent Director has left the companyOn the 29th of April, Naveen Dargan's tenure as Independent Director ended after 17.7 years in the role. As of December 2020, Naveen personally held 486.71k shares (€198k worth at the time). Naveen is the only executive to leave the company over the last 12 months.
Reported Earnings • May 01First quarter 2021 earnings released: CA$0.063 loss per share (vs CA$4.46 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CA$317.8m (up 14% from 1Q 2020). Net loss: CA$35.4m (loss narrowed 99% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance.
공시 • Apr 30Baytex Energy Corp. Provides Production Guidance for the Year 2021Baytex Energy Corp. provided production guidance for the year 2021. For the period, the company revised production guidance range to 77,000 boe/d to 79,000 boe/d, up from 73,000 boe/d to 77,000 boe/d.
Reported Earnings • Feb 26Full year 2020 earnings released: CA$4.35 loss per share (vs CA$0.022 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CA$811.7m (down 45% from FY 2019). Net loss: CA$2.44b (loss widened CA$2.43b from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Feb 10New 90-day high: €0.60The company is up 140% from its price of €0.25 on 11 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 35% over the same period.
Is New 90 Day High Low • Jan 09New 90-day high: €0.56The company is up 148% from its price of €0.22 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.29 per share.