Should I buy or sell Baytex Energy stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Baytex Energy in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research 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?

10 analysts have issued 1 year price targets for Baytex Energy's shares. Their BTE share price targets range from C$6.75 to C$9.25. On average, they predict the company's share price to reach C$7.95 in the next year. This suggests a possible upside of 81.6% from the stock's current price. View analysts price targets for BTE or view top-rated stocks among Wall Street analysts .

How have BTE shares performed in 2023?

Baytex Energy's stock was trading at C$6.08 on January 1st, 2023. Since then, BTE shares have decreased by 28.0% and is now trading at C$4.38. View the best growth stocks for 2023 here .

When is Baytex Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024. View our BTE earnings forecast .

How were Baytex Energy's earnings last quarter?

Baytex Energy Corp. (TSE:BTE) announced its earnings results on Thursday, November, 2nd. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.24 by $0.09. The company had revenue of $1.16 billion for the quarter. Baytex Energy had a net margin of 31.01% and a trailing twelve-month return on equity of 19.99%.

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

Baytex Energy declared a quarterly dividend on Thursday, December 14th. Investors of record on Tuesday, January 2nd will be paid a dividend of 0.023 per share on Tuesday, January 2nd. This represents a $0.09 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Thursday, December 14th. Read our dividend analysis for BTE .

Is Baytex Energy a good dividend stock?

Baytex Energy (TSE:BTE) pays an annual dividend of C$0.09 per share and currently has a dividend yield of 1.74%. The dividend payout ratio is 7.38%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for BTE .

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 Intact Financial (IFC) , Constellation Software (CSU) , AutoCanada (ACQ) , Alimentation Couche-Tard (ATD.B) , Vermilion Energy (VET) , Crescent Point Energy (CPG) , Whitecap Resources (WCP) , Toronto-Dominion Bank (TD) , Enbridge (ENB) and Birchcliff Energy (BIR) .

How do I buy shares of Baytex Energy?

Shares of BTE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

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

C$4.38

-0.35 (-7.40%)

(As of 12/6/2023 ET)

Compare

Today's Range: C$4.38
▼
C$4.61
50-Day Range: C$4.38
▼
C$6.31
52-Week Range: C$3.83
▼
C$6.37

Volume: 10.93 million shs
Average Volume: 4.56 million shs
Market Capitalization: C$3.70 billion

P/E Ratio: 3.59
Dividend Yield: 2.05%
Price Target: C$7.95

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Baytex Energy MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 81.6% Upside
C$7.95 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.04
Based on 10 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.06 out of 5 stars

4.4

Analyst's Opinion

Consensus Rating
Baytex Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$7.95, Baytex Energy has a forecasted upside of 81.6% from its current price of C$4.38.
Amount of Analyst Coverage
Baytex Energy has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for BTE.

1.7

Dividend Strength

Dividend Yield
Baytex Energy pays a meaningful dividend of 1.74%, 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 Coverage
The dividend payout ratio of Baytex Energy is 7.38%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

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

1.7

News and Social Media Coverage

News Sentiment
Baytex Energy has a news sentiment score of 0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 10 news articles 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 -32% 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 -64% compared to the previous 30 days.

1.7

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
20.71% of the stock of Baytex Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 17.14% of the stock of Baytex Energy is held by institutions.

3.1

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Baytex Energy is 3.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.80.
Price to Earnings Ratio vs. Sector
The P/E ratio of Baytex Energy is 3.59, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 103.42.
Price to Earnings Growth Ratio
Baytex Energy has a PEG Ratio of 0.12. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Baytex Energy has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Baytex Energy Stock (TSE:BTE)

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. was founded in 1993 and is headquartered in Calgary, Canada.

BTE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BTE Stock News Headlines

December 6, 2023 | finance.yahoo.com

Baytex Announces 2024 Budget and Five-Year Outlook with Continued Focus on Free Cash Flow Generation and Shareholder Returns

December 5, 2023 | seekingalpha.com

Baytex Energy: Solid Operational Performance, But Lowered Free Cash Flow Expectations

December 7, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

December 1, 2023 | americanbankingnews.com

Atb Cap Markets Weighs in on Baytex Energy Corp.'s Q3 2024 Earnings (TSE:BTE)

December 1, 2023 | americanbankingnews.com

Atb Cap Markets Comments on Baytex Energy Corp.'s FY2023 Earnings (TSE:BTE)

November 29, 2023 | americanbankingnews.com

Baytex Energy (TSE:BTE) Share Price Passes Above 200 Day Moving Average of $5.18

November 27, 2023 | msn.com

Baytex Energy selling some Viking assets in southwest Saskatchewan for $153.8M

November 16, 2023 | markets.businessinsider.com

Canadian Market Modestly Lower At Noon; Energy Stocks Fall

December 7, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 14, 2023 | theglobeandmail.com

Closing Bell: Baytex Energy Corp flat on Tuesday (BTE)

November 13, 2023 | finance.yahoo.com

Baytex Receives Notice of Confirmation for Tax Reassessment

November 8, 2023 | finance.yahoo.com

Baytex Energy (TSE:BTE) pulls back 8.3% this week, but still delivers shareholders massive 117% CAGR over 3 years

November 6, 2023 | markets.businessinsider.com

Analysts Are Bullish on Top NA Stocks: Calumet Specialty Products (CLMT), Baytex Energy (BTE)

November 3, 2023 | msn.com

Baytex Energy (BTE) Price Target Increased by 10.38% to 5.61

October 27, 2023 | finance.yahoo.com

Do Options Traders Know Something About Baytex (BTE) Stock We Don't?

October 20, 2023 | markets.businessinsider.com

Baytex Energy (BTE) Receives a Buy from Canaccord Genuity

October 18, 2023 | finance.yahoo.com

Baytex Energy Corp.'s (TSE:BTE) Intrinsic Value Is Potentially 93% Above Its Share Price

October 16, 2023 | msn.com

Rising From the Ashes: Canadian Stocks Bouncing Back Stronger

October 12, 2023 | msn.com

Best Income Stocks to Buy October 12th

October 9, 2023 | finance.yahoo.com

What's Driving Baytex Energy Corp's Surprising 26% Stock Rally?

October 5, 2023 | ca.finance.yahoo.com

Baytex Energy Corp. (BTE)

October 2, 2023 | finance.yahoo.com

Unveiling Baytex Energy (BTE)'s Value: Is It Really Priced Right? A Comprehensive Guide

October 2, 2023 | finance.yahoo.com

Baytex Energy Corp (BTE): A Deep Dive into Its Performance Potential

September 29, 2023 | theglobeandmail.com

Friday’s Insider Report: CEO buys this energy stock as oil prices surge

September 27, 2023 | finance.yahoo.com

Why Baytex Energy Corp's Stock Skyrocketed 43% in a Quarter: A Deep Dive

September 22, 2023 | finance.yahoo.com

Is the Options Market Predicting a Spike in Baytex Energy (BTE) Stock?

September 19, 2023 | markets.businessinsider.com

TSX Down Sharply As Inflation Data Weighs

See More Headlines

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Company Calendar

Ex-Dividend for 10/2 Dividend: 9/14/2023
Dividend Payable: 10/02/2023
Last Earnings: 11/02/2023
Today: 12/07/2023
Ex-Dividend for 1/2 Dividend: 12/14/2023
Dividend Payable: 1/02/2024
Next Earnings (Estimated): 2/22/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas E&P
Sub-Industry: N/A
Sector: Energy
Current Symbol: TSE:BTE
CUSIP: N/A
CIK: N/A
Web: www.baytex.ab.ca
Phone: +1-587-9523000
Fax: N/A
Employees: 231
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$7.95
High Stock Price Target: C$9.25
Low Stock Price Target: C$6.75
Potential Upside/Downside: +81.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.22
Trailing P/E Ratio: 3.59
Forward P/E Ratio: 4.35
P/E Growth: 0.12
Net Income: C$745.28 million
Net Margins: 31.01%
Pretax Margin: N/A
Return on Equity: 19.99%
Return on Assets: 7.47%

Debt

Debt-to-Equity Ratio: 56.30
Current Ratio: 0.77
Quick Ratio: 0.77

Sales & Book Value

Annual Sales: C$2.40 billion
Price / Sales: 1.54
Cash Flow: C$0.01 per share
Price / Cash Flow: 726.25
Book Value: C$5.60 per share
Price / Book: 0.78

Miscellaneous

Outstanding Shares: 845,360,000
Free Float: N/A
Market Cap: C$3.70 billion
Optionable: Not Optionable
Beta: 2.77

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Key Executives

Mr. Eric Thomas Greager (Age 53)
President, CEO & Director
Comp: $575.19k
Mr. Chad L. Kalmakoff C.A. (Age 46)
Executive VP & CFO
Comp: $522.47k
Mr. Chad E. Lundberg (Age 41)
Chief Operating Officer
Comp: $707.95k
Mr. Brian G. Ector (Age 54)
Senior VP of Capital Markets & Investor Relations
Comp: $568.9k
Mr. James Maclean
Chief Legal Officer & Corporate Secretary
Mr. Kendall D. Arthur (Age 42)
Senior VP & GM of Canadian Heavy Oil Operations
Comp: $603.14k
Ms. Julia C. Gwaltney (Age 51)
Senior VP & GM of U.S. Eagle Ford Oil Operations
Mr. Chris Lessoway
VP of Finance & Treasurer
Ms. Kayla D. Baird (Age 52)
Vice President of U.S. Accounting & Corporate Services

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

BTE Stock Analysis - Frequently Asked Questions

Should I buy or sell Baytex Energy stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Baytex Energy in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research 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?: 10 analysts have issued 1 year price targets for Baytex Energy's shares. Their BTE share price targets range from C$6.75 to C$9.25. On average, they predict the company's share price to reach C$7.95 in the next year. This suggests a possible upside of 81.6% from the stock's current price.
View analysts price targets for BTE or view top-rated stocks among Wall Street analysts.
How have BTE shares performed in 2023?: Baytex Energy's stock was trading at C$6.08 on January 1st, 2023. Since then, BTE shares have decreased by 28.0% and is now trading at C$4.38.
View the best growth stocks for 2023 here.
When is Baytex Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our BTE earnings forecast.
How were Baytex Energy's earnings last quarter?: Baytex Energy Corp. (TSE:BTE) announced its earnings results on Thursday, November, 2nd. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.24 by $0.09. The company had revenue of $1.16 billion for the quarter. Baytex Energy had a net margin of 31.01% and a trailing twelve-month return on equity of 19.99%.

How often does Baytex Energy pay dividends? What is the dividend yield for Baytex Energy?: Baytex Energy declared a quarterly dividend on Thursday, December 14th. Investors of record on Tuesday, January 2nd will be paid a dividend of 0.023 per share on Tuesday, January 2nd. This represents a $0.09 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Thursday, December 14th.
Read our dividend analysis for BTE.
Is Baytex Energy a good dividend stock?: Baytex Energy (TSE:BTE) pays an annual dividend of C$0.09 per share and currently has a dividend yield of 1.74%. The dividend payout ratio is 7.38%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for BTE.
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 Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), Vermilion Energy (VET), Crescent Point Energy (CPG), Whitecap Resources (WCP), Toronto-Dominion Bank (TD), Enbridge (ENB) and Birchcliff Energy (BIR).
How do I buy shares of Baytex Energy?: Shares of BTE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:BTE) was last updated on 12/7/2023 by MarketBeat.com Staff

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

Baytex Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Baytex Energy Stock (TSE:BTE)

BTE Stock Price History

BTE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

BTE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™