Baytex Energy (TSX:BTE) - Stock Price, News & Analysis

BTE Stock Overview

BTE fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	2/6
Past Performance	1/6
Financial Health	3/6
Dividends	1/6

Rewards

Trading at 31.9% below our estimate of its fair value

Earnings are forecast to grow 3.49% per year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 52%

Risk Analysis

High level of non-cash earnings

Shareholders have been substantially diluted in the past year

Profit margins (31%) are lower than last year (47.4%)

Has a high level of debt

Baytex Energy Corp. Competitors

Enerplus

TSX:ERF

CA$4.4b

Paramount Resources

TSX:POU

CA$3.8b

Crescent Point Energy

TSX:CPG

CA$5.4b

Vermilion Energy

TSX:VET

CA$2.8b

Price History & Performance

Summary of all time highs, changes and price drops for Baytex Energy
Historical stock prices
Current Share Price	CA$5.21
52 Week High	CA$7.08
52 Week Low	CA$3.83
Beta	2.77
1 Month Change	-12.88%
3 Month Change	-5.27%
1 Year Change	-24.16%
3 Year Change	644.29%
5 Year Change	93.68%
Change since IPO	189.44%

Is Baytex Energy (TSE:BTE) A Risky Investment?

Nov 29

Baytex Energy Corp.'s (TSE:BTE) Intrinsic Value Is Potentially 63% Above Its Share Price

Nov 08

Recent updates

Is Baytex Energy (TSE:BTE) A Risky Investment?

Nov 29

Baytex Energy Corp.'s (TSE:BTE) Intrinsic Value Is Potentially 63% Above Its Share Price

Nov 08

We Think Baytex Energy (TSE:BTE) Is Taking Some Risk With Its Debt

Aug 31

Baytex Energy (TSE:BTE) Takes On Some Risk With Its Use Of Debt

Apr 08

New Forecasts: Here's What Analysts Think The Future Holds For Baytex Energy Corp. (TSE:BTE)

Mar 03

Are Baytex Energy Corp. (TSE:BTE) Investors Paying Above The Intrinsic Value?

Dec 27

Here's Why Baytex Energy (TSE:BTE) Can Manage Its Debt Responsibly

Dec 06

Is There An Opportunity With Baytex Energy Corp.'s (TSE:BTE) 48% Undervaluation?

Aug 15

We Think You Should Be Aware Of Some Concerning Factors In Baytex Energy's (TSE:BTE) Earnings

May 09

Shareholder Returns

	BTE	CA Oil and Gas	CA Market
7D	0.4%	-0.1%	-0.1%
1Y	-24.2%	-4.2%	-4.3%

Return vs Industry: BTE underperformed the Canadian Oil and Gas industry which returned -5% over the past year.

Return vs Market: BTE underperformed the Canadian Market which returned -3.9% over the past year.

Price Volatility

Is BTE's price volatile compared to industry and market?
BTE volatility
BTE Average Weekly Movement	5.7%
Oil and Gas Industry Average Movement	6.7%
Market Average Movement	8.6%
10% most volatile stocks in CA Market	17.5%
10% least volatile stocks in CA Market	3.5%

Stable Share Price: BTE is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BTE's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1993	n/a	Eric Greager	https://www.baytexenergy.com

Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. It holds interest in the Eagle Ford property in Texas; Viking and Lloydminster properties in Alberta and Saskatchewan; and Peace River and Duvernay properties in Alberta.

Baytex Energy Corp. Fundamentals Summary

How do Baytex Energy's earnings and revenue compare to its market cap?
BTE fundamental statistics
Market Cap	CA$4.32b
Earnings (TTM)	CA$745.28m
Revenue (TTM)	CA$2.40b

5.8x

P/E Ratio

1.8x

P/S Ratio

Is BTE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BTE income statement (TTM)
Revenue	CA$2.40b
Cost of Revenue	CA$841.33m
Gross Profit	CA$1.56b
Other Expenses	CA$816.57m
Earnings	CA$745.28m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.89
Gross Margin	64.99%
Net Profit Margin	31.01%
Debt/Equity Ratio	55.6%

How did BTE perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

2%

Payout Ratio

Does BTE pay a reliable dividends?

See BTE dividend history and benchmarks

When do you need to buy BTE by to receive an upcoming dividend?
Baytex Energy dividend dates
Ex Dividend Date	Dec 14 2023
Dividend Pay Date	Jan 02 2024
Days until Ex dividend	13 days
Days until Dividend pay date	32 days

Does BTE pay a reliable dividends?

See BTE dividend history and benchmarks

BTE Stock Overview

Rewards

Risk Analysis

Baytex Energy Corp. Competitors

TSX:ERF

CA$4.4b

TSX:POU

CA$3.8b

TSX:CPG

CA$5.4b

TSX:VET

CA$2.8b

Price History & Performance

Recent News & Updates

Consensus EPS estimates fall by 10%

Is Baytex Energy (TSE:BTE) A Risky Investment?

An 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

An 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

Baytex Energy Corp.'s (TSE:BTE) Intrinsic Value Is Potentially 63% Above Its Share Price

Baytex Energy Corp. Provides Production Guidance for the Fourth Quarter and Full Year 2023

Recent updates

Consensus EPS estimates fall by 10%

Is Baytex Energy (TSE:BTE) A Risky Investment?

An 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

An 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

Baytex Energy Corp.'s (TSE:BTE) Intrinsic Value Is Potentially 63% Above Its Share Price

Baytex Energy Corp. Provides Production Guidance for the Fourth Quarter and Full Year 2023

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates increase by 13%

Upcoming dividend of CA$0.022 per share at 1.6% yield

We Think Baytex Energy (TSE:BTE) Is Taking Some Risk With Its Debt

High number of new directors

Baytex Energy Corp. Declares Quarterly Cash Dividend, Payable on October 2, 2023

Baytex Energy Corp. Announces Board Changes

Baytex Energy Corp. (TSX:BTE) completed the acquisition of Ranger Oil Corporation (NasdaqGS:ROCC) from a group of shareholders.

Baytex Energy Corp. Restarts Production Following Alberta Wildfires

Baytex Energy Corp. Provides Production Guidance for the Full Year 2023

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates increase by 11%

Baytex Energy (TSE:BTE) Takes On Some Risk With Its Use Of Debt

Consensus EPS estimates fall by 13%

Investor sentiment deteriorates as stock falls 19%

Independent Director exercised options to buy CA$137k worth of stock.

President recently bought CA$1.3m worth of stock

New Forecasts: Here's What Analysts Think The Future Holds For Baytex Energy Corp. (TSE:BTE)

Consensus revenue estimates increase by 19%, EPS downgraded

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Baytex Energy Corp. Announces Board Changes

Baytex Energy Corp. to Report Q2, 2023 Results on Jul 27, 2023

Are Baytex Energy Corp. (TSE:BTE) Investors Paying Above The Intrinsic Value?

President recently bought CA$137k worth of stock

Baytex Energy Corp. Provides Production Guidance for the Year 2023

Here's Why Baytex Energy (TSE:BTE) Can Manage Its Debt Responsibly

Baytex Energy Corp. Announces Executive Changes

Independent Director recently sold CA$750k worth of stock

Independent Director recently sold CA$750k worth of stock

Baytex Energy Corp. Revises Production Guidance for the Year 2022

Third quarter 2022 earnings released: EPS: CA$0.48 (vs CA$0.058 in 3Q 2021)

Baytex Energy Corp. Announces Executive Changes

Investor sentiment deteriorated over the past week

Is There An Opportunity With Baytex Energy Corp.'s (TSE:BTE) 48% Undervaluation?

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: CA$0.32 (vs CA$1.87 in 2Q 2021)

Baytex Energy Corp. Provides Production Guidance for the Full Year 2022

Investor sentiment improved over the past week

Executive VP & CFO recently bought CA$114k worth of stock

Investor sentiment deteriorated over the past week

Here's Why Baytex Energy (TSE:BTE) Has Caught The Eye Of Investors

Investor sentiment improved over the past week

Is Baytex Energy (TSE:BTE) A Risky Investment?

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment improved over the past week

Price target increased to CA$7.66

Price target increased to CA$7.36

Price target increased to CA$6.70

President exercised options to buy CA$7.2m worth of stock.

Price target increased to CA$6.02

Full year 2021 earnings: Revenues exceed analyst expectations

Investor sentiment improved over the past week

Baytex Energy Corp. Provides Production Guidance for the Full Year 2022