Baytex Energy (BTE) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $2.99 to $3.04
• 50-Day Range: $0.30 to $0.57
• 52-Week Range: $0.19 to $1.62
• Volume: 7.92 million shs
• Average Volume: 11.65 million shs
• Market Capitalization: $2.37 billion
• P/E Ratio: N/A
• Dividend Yield: 2.32%
• Price Target: $5.50
• Consensus Rating: Hold

Baytex Energy Stock Analysis - MarketRank™

Baytex Energy scored higher than 53% of companies evaluated by MarketBeat, and ranked 154th out of 266 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Baytex Energy has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Baytex Energy has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 25.81%

Earnings Growth

Earnings for Baytex Energy are expected to grow by 25.81% in the coming year, from $0.31 to $0.39 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Baytex Energy is -10.07, 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 -10.07, 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 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.60% 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 5.2.

Change versus previous month

Short interest in Baytex Energy has recently increased by 12.05%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Baytex Energy pays a meaningful dividend of 2.26%, 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 17.95% next year. This indicates that Baytex Energy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.60% 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 5.2.

Change versus previous month

Short interest in Baytex Energy has recently increased by 12.05%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

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

13 people have searched for BTE on MarketBeat in the last 30 days. This is an increase of 8% compared to the previous 30 days.

MarketBeat Follows

5 people have added Baytex Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

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.

BTE Stock Analysis - Frequently Asked Questions

How were Baytex Energy's earnings last quarter?

Baytex Energy Corp. (NYSE:BTE) posted its earnings results on Thursday, May, 9th. The oil and gas producer reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.09 by $0.10. The oil and gas producer earned $730.06 million during the quarter. Baytex Energy had a positive trailing twelve-month return on equity of 12.27% and a negative net margin of 8.26%.

Who are Baytex Energy's major shareholders?

Baytex Energy's top institutional shareholders include Hotchkis & Wiley Capital Management LLC (1.40%), Bank of Montreal Can (0.47%), CIBC Asset Management Inc (0.35%) and Royce & Associates LP (0.33%).

What other stocks do shareholders of Baytex Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Baytex Energy investors own include Hawkins (HWKN), Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 5/09/2024
• Ex-Dividend for 10/1 Dividend: 9/16/2024
• Dividend Payable: 10/01/2024
• Today: 11/23/2024
• Ex-Dividend for 1/2 Dividend: 12/13/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/02/2025
• Next Earnings (Estimated): 2/26/2025

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: $5.50
• High Stock Price Target: $5.50
• Low Stock Price Target: $5.50
• Potential Upside/Downside: +82.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.30)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 9.74
• P/E Growth: N/A
• Net Income: $-172,870,000.00
• Net Margins: -8.26%
• Pretax Margin: -10.68%
• Return on Equity: 12.27%
• Return on Assets: 6.29%

Debt

• Debt-to-Equity Ratio: 0.57
• Current Ratio: 0.69
• Quick Ratio: 0.69

Sales & Book Value

• Annual Sales: $2.51 billion
• Price / Sales: 0.94
• Cash Flow: $1.52 per share
• Price / Cash Flow: 1.99
• Book Value: $3.72 per share
• Price / Book: 0.81

Miscellaneous

• Outstanding Shares: 783,630,000
• Free Float: 777,670,000
• Market Cap: $2.37 billion
• Optionable: Optionable
• Beta: 1.93