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Investor Insights

This summary was created by AI, based on 24 opinions in the last 12 months.

Baytex Energy Corp (BTE-T) is currently viewed as an undervalued investment in a challenging energy market. Despite the overall poor sentiment towards energy stocks, several experts see potential in BTE due to its significant cash flow generation and active share buyback program. Though the stock has experienced a substantial decline recently, many analysts believe it is mispriced considering its solid operational performance and strong asset portfolio. While some experts express concerns over the company's high debt levels and operational execution, the overarching sentiment leans towards patience with the hope that ongoing improvements and a recovery in oil prices could lead to better performance. A mix of cautious optimism and frustration is evident, with many suggesting a hold strategy for current investors while acknowledging the long-term potential of BTE.

Consensus
Mixed
Valuation
Undervalued
PAST TOP PICK
(A Top Pick Apr 02/24, Down 45%)

They executed in their drilling. There's been huge multiple contraction among small/mid-caps. He exited around $3.85-3.90. Shares are in an air pocket now, falling on no natural buyers (energy is out of favour). Stock is cheap, given cash flow. They pay half that cash to buy back shares. Are better stocks than this, but wouldn't rule out buying this again.

WEAK BUY

Likes the energy space, so he'd be OK with buying this name. Pipelines to the West Coast have opened up. His play is through CVE.

HOLD
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

Oil is down, which doesn't help. The budget shows a slight decline in production from year end exit rates, so investors may be worried that all the spending ($1.2B) is not going to boost actual average production rates. BTE also updated its five-year plan, which looks OK to us with a planned reduction in debt. But the sector remains out of favour overall right now. 
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WATCH

Support has been broken. You need to see the up-and-down consolidation sideways to know whether the downtrend is over.

HOLD
Take the tax loss?

Huge disappointment, not operationally but on the share price. Typifies an out-of-favour stock:  Canadian mid-cap with hair on it. Last quarter had no hair, beat expectations, paid down debt, generated lots of free cash, bought back stock. Deep value, mispriced, too cheap to sell. He's waiting, but patience is being tested.

Unspecified

Oil stocks are under pressure with the China slowdown. There could be more chances to drill under the Trump administration, therefore more oil and lower prices. Also OPEC is not cutting production. If there was a takeover it would go for a premium.

DON'T BUY

Serial disappointment, underperforming the sector. Technically, not the kind of stock he would buy.

PARTIAL BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

BTE mentioned that it allocate 50% of free cash flow to its balance sheet and the other 50% to allocating capital to shareholders through buybacks and dividends. Net debt reduced 5% in the quarter but remained high at $2.28B. Earnings were solid as production and net income were up for the quarter. The current capital allocation strategy is quite shareholder friendly but we would like to see debt come down more in the future. The call seemed generally positive.
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BUY ON WEAKNESS

They continue to deliver, like moving into the Montney and with acquisitions. The stock is cheap and they're paying down debt. Over 75% of free cash flow now goes to shareholders. Expect more buybacks. The risk is energy prices falling, but he likes it.

HOLD

Trend not going well. Energy stocks not performing well recently. Waiting for stabilization on trends before we buy. Generally speaking, is positive on outlook. Would recommend holding. 

HOLD

Volatile year with energy stocks. If we continue to see lower rates and pickup in economic activity, this name will do well. More heavy-oil focused. Cost of production is higher than others, so they need higher price for oil. Historically cheap, small dividend.

HOLD

Despite market sentiment, strong company. Company will continue to buy back stock. Very high torque to rising oil price. Above $60 WTI - very strong company. Would recommend holding. Owns shares in the company. 

HOLD

Frustrating. A 10% weight for his fund. Good inventory depth, probably 12-15 years. Respects the CEO. Investors are getting 50% of free cashflow. 23-26% free cashflow yield next year and 2026. He targets $9.30 in 1 year, $11.20 in 2 years, so roughly 90-100% upside.

Meaningfully buying back shares means an inevitable, eventual rerating in the stock.

TOP PICK

Valuation is very cheap. Unlike the past, they have a varied portfolio of operations. Huge cash flows and are buying back shares that will likely rise later this year. Cyclical, but undervalued. Should be trading at $7.

(Analysts’ price target is $6.50)
BUY

Set up to do quite well for second half of the year. 

Showing 1 to 15 of 701 entries

Baytex Energy Corp(BTE-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 8

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 8

Total Signals / Votes : 19

Stockchase rating for Baytex Energy Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Baytex Energy Corp(BTE-T) Frequently Asked Questions

What is Baytex Energy Corp stock symbol?

Baytex Energy Corp is a Canadian stock, trading under the symbol BTE-T on the Toronto Stock Exchange (BTE-CT). It is usually referred to as TSX:BTE or BTE-T

Is Baytex Energy Corp a buy or a sell?

In the last year, 19 stock analysts published opinions about BTE-T. 8 analysts recommended to BUY the stock. 8 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Baytex Energy Corp.

Is Baytex Energy Corp a good investment or a top pick?

Baytex Energy Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Baytex Energy Corp.

Why is Baytex Energy Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Baytex Energy Corp worth watching?

19 stock analysts on Stockchase covered Baytex Energy Corp In the last year. It is a trending stock that is worth watching.

What is Baytex Energy Corp stock price?

On 2025-03-18, Baytex Energy Corp (BTE-T) stock closed at a price of $2.96.