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$5.92|
|52 Week High||CA$9.16|
|52 Week Low||CA$1.87|
|1 Month Change||-1.33%|
|3 Month Change||-2.79%|
|1 Year Change||188.78%|
|3 Year Change||234.46%|
|5 Year Change||83.85%|
|Change since IPO||228.89%|
Recent News & Updates
|BTE||CA Oil and Gas||CA Market|
Return vs Industry: BTE exceeded the Canadian Oil and Gas industry which returned 40% over the past year.
Return vs Market: BTE exceeded the Canadian Market which returned -2% over the past year.
|BTE Average Weekly Movement||11.3%|
|Oil and Gas Industry Average Movement||11.3%|
|Market Average Movement||10.8%|
|10% most volatile stocks in CA Market||19.3%|
|10% least volatile stocks in CA Market||4.4%|
Stable Share Price: BTE is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: BTE's weekly volatility (11%) has been stable over the past year.
About the Company
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|
Is BTE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BTE income statement (TTM)|
|Cost of Revenue||CA$571.64m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 03, 2022
|Earnings per share (EPS)||1.50|
|Net Profit Margin||40.01%|
How did BTE perform over the long term?See historical performance and comparison
Is BTE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BTE?
Other financial metrics that can be useful for relative valuation.
|What is BTE's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does BTE's PE Ratio compare to its peers?
|BTE PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
TPZ Topaz Energy
BIR Birchcliff Energy
PXT Parex Resources
MEG MEG Energy
BTE Baytex Energy
Price-To-Earnings vs Peers: BTE is good value based on its Price-To-Earnings Ratio (3.9x) compared to the peer average (13.2x).
Price to Earnings Ratio vs Industry
How does BTE's PE Ratio compare vs other companies in the CA Oil and Gas Industry?
Price-To-Earnings vs Industry: BTE is good value based on its Price-To-Earnings Ratio (3.9x) compared to the Canadian Oil and Gas industry average (5.7x)
Price to Earnings Ratio vs Fair Ratio
What is BTE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||3.9x|
|Fair PE Ratio||17.5x|
Price-To-Earnings vs Fair Ratio: BTE is good value based on its Price-To-Earnings Ratio (3.9x) compared to the estimated Fair Price-To-Earnings Ratio (17.5x).
Share Price vs Fair Value
What is the Fair Price of BTE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BTE (CA$5.92) is trading below our estimate of fair value (CA$12.55)
Significantly Below Fair Value: BTE is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Baytex Energy forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BTE's forecast earnings growth (21.5% per year) is above the savings rate (1.6%).
Earnings vs Market: BTE's earnings (21.5% per year) are forecast to grow faster than the Canadian market (7.5% per year).
High Growth Earnings: BTE's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BTE's revenue (10.3% per year) is forecast to grow faster than the Canadian market (6.5% per year).
High Growth Revenue: BTE's revenue (10.3% 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
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How has Baytex Energy performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BTE has a large one-off gain of CA$1.5B impacting its June 30 2022 financial results.
Growing Profit Margin: BTE's current net profit margins (40%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: BTE has become profitable over the past 5 years, growing earnings by 20.7% per year.
Accelerating Growth: BTE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BTE had negative earnings growth (-31.4%) over the past year, making it difficult to compare to the Oil and Gas industry average (162.2%).
Return on Equity
High ROE: BTE's Return on Equity (34.5%) is considered high.
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How is Baytex Energy's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: BTE's short term assets (CA$344.4M) do not cover its short term liabilities (CA$551.6M).
Long Term Liabilities: BTE's short term assets (CA$344.4M) do not cover its long term liabilities (CA$1.8B).
Debt to Equity History and Analysis
Debt Level: BTE's net debt to equity ratio (46.6%) is considered high.
Reducing Debt: BTE's debt to equity ratio has reduced from 92.6% to 46.7% over the past 5 years.
Debt Coverage: BTE's debt is well covered by operating cash flow (86.7%).
Interest Coverage: Insufficient data to determine if BTE's interest payments on its debt are well covered by EBIT.
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What is Baytex Energy current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BTE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BTE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BTE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BTE's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: BTE is not paying a notable dividend for the Canadian market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as BTE has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ed LaFehr (62 yo)
Mr. Edward David LaFehr, also known as Ed, has been the President of Baytex Energy Corp. since July 18, 2016 and has been its Director and Chief Executive Officer since May 4, 2017. Mr. LaFehr has been Non...
CEO Compensation Analysis
Compensation vs Market: Ed's total compensation ($USD2.95M) is about average for companies of similar size in the Canadian market ($USD3.64M).
Compensation vs Earnings: Ed's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: BTE's management team is seasoned and experienced (6.1 years average tenure).
Experienced Board: BTE's board of directors are considered experienced (4.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BTE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Baytex Energy Corp.'s employee growth, exchange listings and data sources
- Name: Baytex Energy Corp.
- Ticker: BTE
- Exchange: TSX
- Founded: 1993
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: CA$3.287b
- Shares outstanding: 555.27m
- Website: https://www.baytexenergy.com
Number of Employees
- Baytex Energy Corp.
- Centennial Place, East Tower
- Suite 2800
- T2P 0R3
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/08 00:00|
|End of Day Share Price||2022/08/08 00:00|
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.