| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
BTE Stock Overview
Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadian Sedimentary Basin and in the Texas, the United States.
Baytex Energy Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$6.43 |
| 52 Week High | CA$7.15 |
| 52 Week Low | CA$1.63 |
| Beta | 3.29 |
| 1 Month Change | -3.16% |
| 3 Month Change | 32.85% |
| 1 Year Change | 287.35% |
| 3 Year Change | 179.57% |
| 5 Year Change | 54.94% |
| Change since IPO | 257.22% |
Recent News & Updates
Shareholder Returns
| BTE | CA Oil and Gas | CA Market | |
|---|---|---|---|
| 7D | 8.6% | 5.6% | 2.7% |
| 1Y | 287.3% | 59.2% | 4.6% |
Return vs Industry: BTE exceeded the Canadian Oil and Gas industry which returned 59.3% over the past year.
Return vs Market: BTE exceeded the Canadian Market which returned 4.8% over the past year.
Price Volatility
| BTE volatility | |
|---|---|
| BTE Average Weekly Movement | 9.4% |
| Oil and Gas Industry Average Movement | 10.3% |
| Market Average Movement | 9.8% |
| 10% most volatile stocks in CA Market | 16.8% |
| 10% least volatile stocks in CA Market | 4.3% |
Stable Share Price: BTE is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: BTE's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | n/a | Ed LaFehr | https://www.baytexenergy.com |
Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadian Sedimentary Basin and in the Texas, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. Its principal oil and natural gas properties comprise the Eagle Ford property in Texas, Viking and Lloydminster properties in Alberta and Saskatchewan, Peace River and Duvernay properties in Alberta.
Baytex Energy Fundamentals Summary
| BTE fundamental statistics | |
|---|---|
| Market Cap | CA$3.62b |
| Earnings (TTM) | CA$1.71b |
| Revenue (TTM) | CA$1.76b |
2.1x
P/E Ratio2.1x
P/S RatioIs BTE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BTE income statement (TTM) | |
|---|---|
| Revenue | CA$1.76b |
| Cost of Revenue | CA$505.92m |
| Gross Profit | CA$1.26b |
| Other Expenses | -CA$449.33m |
| Earnings | CA$1.71b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 27, 2022
| Earnings per share (EPS) | 3.00 |
| Gross Margin | 71.29% |
| Net Profit Margin | 96.79% |
| Debt/Equity Ratio | 57.5% |
How did BTE perform over the long term?
See historical performance and comparisonValuation
Is Baytex Energy undervalued compared to its fair value and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BTE (CA$6.43) is trading below our estimate of fair value (CA$13.51)
Significantly Below Fair Value: BTE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BTE is good value based on its PE Ratio (2.1x) compared to the Canadian Oil and Gas industry average (8.3x).
PE vs Market: BTE is good value based on its PE Ratio (2.1x) compared to the Canadian market (11.6x).
Price to Earnings Growth Ratio
PEG Ratio: BTE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BTE is good value based on its PB Ratio (1.6x) compared to the CA Oil and Gas industry average (1.9x).
Future Growth
How is Baytex Energy forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-47.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BTE's earnings are forecast to decline over the next 3 years (-47.7% per year).
Earnings vs Market: BTE's earnings are forecast to decline over the next 3 years (-47.7% per year).
High Growth Earnings: BTE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BTE's revenue (9.4% per year) is forecast to grow faster than the Canadian market (6.4% per year).
High Growth Revenue: BTE's revenue (9.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BTE's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Baytex Energy performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
15.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BTE has a high level of non-cash earnings.
Growing Profit Margin: BTE's current net profit margins (96.8%) are higher than last year (2.8%).
Past Earnings Growth Analysis
Earnings Trend: BTE has become profitable over the past 5 years, growing earnings by 15.3% per year.
Accelerating Growth: BTE's earnings growth over the past year (7037%) exceeds its 5-year average (15.3% per year).
Earnings vs Industry: BTE earnings growth over the past year (7037%) exceeded the Oil and Gas industry 185%.
Return on Equity
High ROE: BTE's Return on Equity (76.1%) is considered outstanding.
Financial Health
How is Baytex Energy's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: BTE's short term assets (CA$288.9M) do not cover its short term liabilities (CA$548.4M).
Long Term Liabilities: BTE's short term assets (CA$288.9M) do not cover its long term liabilities (CA$2.0B).
Debt to Equity History and Analysis
Debt Level: BTE's net debt to equity ratio (57.4%) is considered high.
Reducing Debt: BTE's debt to equity ratio has reduced from 91.8% to 57.5% over the past 5 years.
Debt Coverage: BTE's debt is well covered by operating cash flow (61.3%).
Interest Coverage: BTE's interest payments on its debt are not well covered by EBIT (2.6x coverage).
Balance Sheet
Dividend
What is Baytex Energy current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BTE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BTE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BTE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BTE's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: BTE is not paying a notable dividend for the Canadian market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as BTE has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
5.8yrs
Average management tenure
CEO
Ed LaFehr (61 yo)
5.83yrs
Tenure
CA$3,782,500
Compensation
Mr. Edward David LaFehr, also known as Ed, has been the President of Baytex Energy Corp. since July 18, 2016 and has been its Director and Chief Executive Officer since May 4, 2017. Mr. LaFehr has been Non...
CEO Compensation Analysis
Compensation vs Market: Ed's total compensation ($USD2.95M) is about average for companies of similar size in the Canadian market ($USD3.42M).
Compensation vs Earnings: Ed's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: BTE's management team is seasoned and experienced (5.8 years average tenure).
Board Members
Experienced Board: BTE's board of directors are considered experienced (4.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BTE insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Baytex Energy Corp.'s employee growth, exchange listings and data sources
Key Information
- Name: Baytex Energy Corp.
- Ticker: BTE
- Exchange: TSX
- Founded: 1993
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: CA$3.620b
- Shares outstanding: 569.21m
- Website: https://www.baytexenergy.com
Number of Employees
Location
- Baytex Energy Corp.
- Centennial Place, East Tower
- Suite 2800
- Calgary
- Alberta
- T2P 0R3
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/19 00:00 |
| End of Day Share Price | 2022/05/19 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.