Should I buy or sell Baytex Energy stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Baytex Energy in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BTE shares. View BTE analyst ratings or view top-rated stocks .

What is Baytex Energy's stock price target for 2024?

6 Wall Street research analysts have issued twelve-month target prices for Baytex Energy's stock. Their BTE share price targets range from $7.50 to $8.50. On average, they anticipate the company's stock price to reach $8.00 in the next year. This suggests a possible upside of 121.0% from the stock's current price. View analysts price targets for BTE or view top-rated stocks among Wall Street analysts .

Are investors shorting Baytex Energy?

Baytex Energy saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 16,010,000 shares, an increase of 10.5% from the March 15th total of 14,490,000 shares. Based on an average trading volume of 9,070,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 2.2% of the company's shares are short sold. View Baytex Energy's Short Interest .

When is Baytex Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our BTE earnings forecast .

How were Baytex Energy's earnings last quarter?

Baytex Energy Corp. (NYSE:BTE) announced its earnings results on Wednesday, February, 28th. The oil and gas producer reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.08. The oil and gas producer earned $782.72 million during the quarter. Baytex Energy had a negative net margin of 6.69% and a positive trailing twelve-month return on equity of 14.75%.

How often does Baytex Energy pay dividends? What is the dividend yield for Baytex Energy?

Baytex Energy announced a quarterly dividend on Wednesday, February 28th. Shareholders of record on Friday, March 15th will be given a dividend of $0.017 per share on Monday, April 1st. This represents a $0.07 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Thursday, March 14th. This is an increase from the stock's previous quarterly dividend of $0.02. Read our dividend analysis for BTE .

Is Baytex Energy a good dividend stock?

Baytex Energy (NYSE:BTE) pays an annual dividend of $0.07 per share and currently has a dividend yield of 1.81%. Read our dividend analysis for BTE .

What ETF holds Baytex Energy's stock?

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF holds 224,565 shares of BTE stock, representing 0.17% of its portfolio.

What other stocks do shareholders of Baytex Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Baytex Energy investors own include Hawkins (HWKN) , Xtrackers California Municipal Bond ETF (CA) , Endologix (ELGX) , BlackRock (BLK) , Chipotle Mexican Grill (CMG) , Aegean Marine Petroleum Network (ANW) , Hudbay Minerals (HBM) , Micron Technology (MU) , Accenture (ACN) and AutoZone (AZO) .

NYSE:BTE

Baytex Energy (BTE) Stock Price, News & Analysis

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Today's Range: $3.60
▼
$3.69
50-Day Range: $0.30
▼
$0.57
52-Week Range: $0.19
▼
$1.62

Volume: 10.27 million shs
Average Volume: 10.54 million shs
Market Capitalization: $2.97 billion

P/E Ratio: N/A
Dividend Yield: 1.93%
Price Target: $8.00

Get Baytex Energy alerts:

Baytex Energy MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 121.0% Upside
$8.00 Price Target
Short Interest: Healthy
2.24% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -16.36%
From $0.55 to $0.46 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.19 out of 5 stars

Oils/Energy Sector

201st out of 226 stocks

Drilling Oil & Gas Wells Industry

12th out of 12 stocks

3.4

Analyst's Opinion

Consensus Rating
Baytex Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Baytex Energy has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.24% of the float of Baytex Energy has been sold short.
Short Interest Ratio / Days to Cover
Baytex Energy has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Baytex Energy has recently increased by 10.49%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
Baytex Energy pays a meaningful dividend of 1.81%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Baytex Energy does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Baytex Energy will have a dividend payout ratio of 15.22% next year. This indicates that Baytex Energy will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BTE.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Baytex Energy this week, compared to 1 article on an average week.
Search Interest
Only 13 people have searched for BTE on MarketBeat in the last 30 days. This is a decrease of -62% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Baytex Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Baytex Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.76% of the stock of Baytex Energy is held by insiders.
Percentage Held by Institutions
46.15% of the stock of Baytex Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Baytex Energy are expected to decrease by -16.36% in the coming year, from $0.55 to $0.46 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Baytex Energy is -36.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Baytex Energy is -36.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Baytex Energy has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Baytex Energy Stock (NYSE:BTE)

Baytex Energy Corp. is an oil & gas exploration and production company. The firm engages in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company was founded on June 3, 1993 and is headquartered in Calgary, Canada.

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BTE Stock News Headlines

April 13, 2024 | fool.com

Is Baytex the Best Oil Stock to Buy Right Now?

April 2, 2024 | msn.com

Canada shares lower at close of trade; S&P/TSX Composite down 0.50%

April 19, 2024 | InvestorPlace (Ad)

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Tamarack Valley Energy: Time To Make It All Work

March 21, 2024 | seekingalpha.com

Baytex Energy: Big Cash Flow Boost Bodes Well For Future Dividends

March 15, 2024 | finance.yahoo.com

Baytex Prices Upsized Private Placement of Senior Notes

March 11, 2024 | msn.com

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March 11, 2024 | msn.com

Emergency Fed bank effort ends lending, as eyes turn to discount window

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Bitcoin breaks new price record

March 11, 2024 | ca.finance.yahoo.com

Reddit targets up to $6.4 billion valuation in much-awaited US IPO

March 3, 2024 | ca.finance.yahoo.com

CNQ Sep 2024 60.000 put

March 3, 2024 | ca.finance.yahoo.com

CNQ Jun 2024 40.000 put

March 2, 2024 | seekingalpha.com

Baytex Energy Corp. (BTE) Q4 2023 Earnings Call Transcript

March 1, 2024 | investorplace.com

Hidden Penny Gems: 7 Stocks With Triple-Digit Growth Prospects

February 29, 2024 | markets.businessinsider.com

Stifel Nicolaus Keeps Their Buy Rating on Baytex Energy (BTE)

February 27, 2024 | benzinga.com

Earnings Preview: Baytex Energy

February 5, 2024 | seekingalpha.com

Rubellite Energy Seems Deeply Undervalued By The Market

January 23, 2024 | msn.com

Suncor, Cenovus, Imperial Oil set to report weaker fourth-quarter results

January 22, 2024 | money.usnews.com

Baytex Energy Corp

January 4, 2024 | bizjournals.com

Chord Energy hires new COO and appoints new chair of board

December 17, 2023 | seekingalpha.com

Baytex: Downgrading To 'Buy' On Lower Oil Price Assumptions

December 12, 2023 | markets.businessinsider.com

Canadian Market Notably Lower As Energy, Materials Shares Drop

December 7, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Chevron (CVX), Mach Natural Resources LP (MNR) and Baytex Energy (BTE)

December 7, 2023 | finance.yahoo.com

BTV Features: West Red Lake Gold, ROK Resources, ION Energy, enCore Energy, Eloro Resources and Baytex Energy on FOX Business News

December 6, 2023 | msn.com

Baytex Energy approves $1.2B-$1.3B for 2024 capex, produce 150K-156K boe/day

November 28, 2023 | markets.businessinsider.com

Canadian Market Recovers After Weak Start As Energy, Materials Shares Rise

See More Headlines

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Company Calendar

Last Earnings: 2/28/2024
Ex-Dividend for 4/1 Dividend: 3/14/2024
Dividend Payable: 4/01/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Drilling oil & gas wells
Sub-Industry: N/A
Current Symbol: NYSE:BTE
CUSIP: N/A
CIK: 1279495
Web: www.baytexenergy.com
Phone: (587) 952-3000
Fax: 587-952-3029
Employees: 231
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $8.00
High Stock Price Target: $8.50
Low Stock Price Target: $7.50
Potential Upside/Downside: +121.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.10)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 6.58
P/E Growth: N/A
Net Income: $-172,870,000.00
Net Margins: -6.69%
Pretax Margin: -19.04%
Return on Equity: 14.75%
Return on Assets: 7.93%

Debt

Debt-to-Equity Ratio: 0.63
Current Ratio: 0.79
Quick Ratio: 0.79

Sales & Book Value

Annual Sales: $2.51 billion
Price / Sales: 1.19
Cash Flow: $1.47 per share
Price / Cash Flow: 2.47
Book Value: $3.45 per share
Price / Book: 1.05

Miscellaneous

Outstanding Shares: 821,320,000
Free Float: 815,080,000
Market Cap: $2.97 billion
Optionable: Optionable
Beta: 2.06

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Key Executives

Edward David LaFehr
President, Chief Executive Officer & Director
Rodney D. Gray
Chief Financial Officer & Executive Vice President
Chad L. Kalmakoff
Vice President-Finance
Scott Lovett
Vice President-Business Development
Brian Gordon Ector
Senior VP-Capital Markets & Public Affairs

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

BTE Stock Analysis - Frequently Asked Questions

Should I buy or sell Baytex Energy stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Baytex Energy in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BTE shares.
View BTE analyst ratings or view top-rated stocks.
What is Baytex Energy's stock price target for 2024?: 6 Wall Street research analysts have issued twelve-month target prices for Baytex Energy's stock. Their BTE share price targets range from $7.50 to $8.50. On average, they anticipate the company's stock price to reach $8.00 in the next year. This suggests a possible upside of 121.0% from the stock's current price.
View analysts price targets for BTE or view top-rated stocks among Wall Street analysts.
Are investors shorting Baytex Energy?: Baytex Energy saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 16,010,000 shares, an increase of 10.5% from the March 15th total of 14,490,000 shares. Based on an average trading volume of 9,070,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 2.2% of the company's shares are short sold.
View Baytex Energy's Short Interest.
When is Baytex Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our BTE earnings forecast.
How were Baytex Energy's earnings last quarter?: Baytex Energy Corp. (NYSE:BTE) announced its earnings results on Wednesday, February, 28th. The oil and gas producer reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.08. The oil and gas producer earned $782.72 million during the quarter. Baytex Energy had a negative net margin of 6.69% and a positive trailing twelve-month return on equity of 14.75%.

How often does Baytex Energy pay dividends? What is the dividend yield for Baytex Energy?: Baytex Energy announced a quarterly dividend on Wednesday, February 28th. Shareholders of record on Friday, March 15th will be given a dividend of $0.017 per share on Monday, April 1st. This represents a $0.07 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Thursday, March 14th. This is an increase from the stock's previous quarterly dividend of $0.02.
Read our dividend analysis for BTE.
Is Baytex Energy a good dividend stock?: Baytex Energy (NYSE:BTE) pays an annual dividend of $0.07 per share and currently has a dividend yield of 1.81%.
Read our dividend analysis for BTE.
What ETF holds Baytex Energy's stock?: Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF holds 224,565 shares of BTE stock, representing 0.17% of its portfolio.
What other stocks do shareholders of Baytex Energy own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Baytex Energy investors own include Hawkins (HWKN), Xtrackers California Municipal Bond ETF (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Hudbay Minerals (HBM), Micron Technology (MU), Accenture (ACN) and AutoZone (AZO).

This page (NYSE:BTE) was last updated on 4/19/2024 by MarketBeat.com Staff

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Baytex Energy (BTE) Stock Price, News & Analysis

Baytex Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Baytex Energy Stock (NYSE:BTE)

BTE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

BTE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™