Baytex Energy Future Growth

Future criteria checks 3/6

Baytex Energy's revenue is forecast to decline at 6.1% per annum while its annual earnings are expected to grow at 30% per year. EPS is expected to grow by 33.8% per annum. Return on equity is forecast to be 11.1% in 3 years.

Key information

30.0%

Earnings growth rate

33.8%

EPS growth rate

Oil and Gas earnings growth	5.4%
Revenue growth rate	-6.1%
Future return on equity	11.1%
Analyst coverage	Low
Last updated	04 Dec 2024

Recent future growth updates

Recent updates

Baytex Energy Corp.'s (TSE:BTE) Revenues Are Not Doing Enough For Some Investors

Jul 15

Market Might Still Lack Some Conviction On Baytex Energy Corp. (TSE:BTE) Even After 25% Share Price Boost

Apr 11

Baytex Energy Corp. (TSE:BTE) Looks Inexpensive But Perhaps Not Attractive Enough

Dec 28

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

Earnings and Revenue Growth Forecasts

TSX:BTE - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	3,063	-48	-61	1,562	1
12/31/2026	2,930	140	301	1,674	3
12/31/2025	3,489	303	512	1,790	5
12/31/2024	3,847	366	622	1,923	4
9/30/2024	3,355	-351	576	1,914	N/A
6/30/2024	3,428	-409	363	1,808	N/A
3/31/2024	3,026	-299	223	1,495	N/A
12/31/2023	2,713	-233	240	1,296	N/A
9/30/2023	2,403	745	199	1,125	N/A
6/30/2023	2,045	883	313	991	N/A
3/31/2023	2,237	850	554	1,159	N/A
12/31/2022	2,326	856	649	1,173	N/A
9/30/2022	2,251	1,066	615	1,110	N/A
6/30/2022	2,084	834	557	979	N/A
3/31/2022	1,762	1,706	404	790	N/A
12/31/2021	1,529	1,614	397	712	N/A
9/30/2021	1,273	1,272	205	523	N/A
6/30/2021	1,087	1,215	198	438	N/A
3/31/2021	850	24	103	292	N/A
12/31/2020	812	-2,439	70	353	N/A
9/30/2020	985	-2,778	178	537	N/A
6/30/2020	1,122	-2,739	156	638	N/A
3/31/2020	1,393	-2,522	280	860	N/A
12/31/2019	1,486	-12	278	835	N/A
9/30/2019	1,396	-126	182	769	N/A
6/30/2019	1,391	-114	140	728	N/A
3/31/2019	1,266	-251	-3	555	N/A
12/31/2018	1,115	-325	-13	485	N/A
9/30/2018	1,070	-18	9	413	N/A
6/30/2018	929	-55	N/A	336	N/A
3/31/2018	876	13	N/A	332	N/A
12/31/2017	858	87	N/A	325	N/A
9/30/2017	802	-348	N/A	268	N/A
6/30/2017	751	-378	N/A	279	N/A
3/31/2017	686	-475	N/A	264	N/A
12/31/2016	602	-485	N/A	247	N/A
9/30/2016	605	-545	N/A	283	N/A
6/30/2016	661	-1,025	N/A	343	N/A
3/31/2016	772	-966	N/A	426	N/A
12/31/2015	880	-1,143	N/A	549	N/A
9/30/2015	1,071	-1,086	N/A	751	N/A
6/30/2015	1,346	-422	N/A	949	N/A
3/31/2015	1,446	-357	N/A	963	N/A
12/31/2014	1,530	-133	N/A	897	N/A
9/30/2014	1,428	260	N/A	800	N/A
6/30/2014	1,284	203	N/A	657	N/A
3/31/2014	1,199	203	N/A	665	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BTE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: BTE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BTE is expected to become profitable in the next 3 years.

Revenue vs Market: BTE's revenue is expected to decline over the next 3 years (-6.1% per year).

High Growth Revenue: BTE's revenue is forecast to decline over the next 3 years (-6.1% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BTE's Return on Equity is forecast to be low in 3 years time (11.1%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 01:34
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Baytex Energy Corp. is covered by 30 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Patrick O'Rourke	ATB Capital Markets
Laique Ahmad Amir Arif	ATB Capital Markets
Grant Hofer	Barclays

Baytex Energy Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Baytex Energy Corp. Provides Production Guidance for the Year 2025

Baytex Energy Corp. Provides Production Guidance for the Year 2024

Price target decreased by 8.3% to CA$6.55

Consensus EPS estimates fall by 10%, revenue upgraded

Baytex Energy Corp. Provides Production Guidance for 2024

Consensus EPS estimates fall by 10%

Recent updates

Upcoming dividend of CA$0.022 per share

Baytex Energy's (TSE:BTE) Dividend Will Be CA$0.0225

Baytex Energy Corp. Provides Production Guidance for the Year 2025

Baytex Energy (TSE:BTE) Is Paying Out A Dividend Of CA$0.0225

Investors Aren't Buying Baytex Energy Corp.'s (TSE:BTE) Revenues

Third quarter dividend of CA$0.022 announced

Baytex Energy Corp. to Report Fiscal Year 2024 Results on Mar 04, 2025

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of CA$0.022 per share

Baytex Energy (TSE:BTE) Has Affirmed Its Dividend Of CA$0.0225

Baytex Energy Corp. Declares Quarterly Cash Dividend, Payable on October 1, 2024

Baytex Energy (TSE:BTE) Is Paying Out A Dividend Of CA$0.0225

Second quarter dividend of CA$0.022 announced

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Baytex Energy Corp.'s (TSE:BTE) Revenues Are Not Doing Enough For Some Investors

Upcoming dividend of CA$0.022 per share

New major risk - Revenue and earnings growth

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Market Might Still Lack Some Conviction On Baytex Energy Corp. (TSE:BTE) Even After 25% Share Price Boost

New major risk - Revenue and earnings growth

President exercised options to buy CA$348k worth of stock.

Upcoming dividend of CA$0.022 per share

Baytex Energy Corp. Provides Production Guidance for the Year 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 8.3% to CA$6.55

Consensus EPS estimates fall by 10%, revenue upgraded

Baytex Energy Corp. (TSE:BTE) Looks Inexpensive But Perhaps Not Attractive Enough

Baytex Energy Corp. to Report Q1, 2024 Results on May 09, 2024

President recently bought CA$265k worth of stock

New major risk - Revenue and earnings growth

Baytex Energy Corp. Provides Production Guidance for 2024

Investor sentiment deteriorates as stock falls 16%

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)