Baytex Energy Corp (BTE.TO) Buy, Sell or Hold

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Baytex Energy Corp (BTE.TO)

7.03

+0.01 (0.14%)

as of Jun 4, 2026, 8:00:01 pm Market Open.

733 watching

Investor Insights

Jun 4, 2026, 12:00 am

This summary was created by AI, based on 19 opinions in the last 12 months.

Baytex Energy Corp (BTE-T) has undergone significant changes recently, including divesting from its U.S. assets, leading to a cash position of approximately $900 million that is expected to bolster share buybacks. Experts highlight the company's exposure to profitable Canadian oil plays and the potential for volatility tied to oil prices amid geopolitical tensions. While the general sentiment is cautiously optimistic regarding its operational efficiencies and management's commitment to reduce debt, some analysts express concern over the stock's recent performance and valuation. Comparisons have been made to other energy stocks, suggesting mixed opinions on the best investment strategies in the sector. Overall, the outlook reflects a company making strides in financial stability but still facing challenges in sentiment and market conditions.

Consensus

Hold

Valuation

Fair Value

Similar

CVE, CVE

TOP PICK

Company provides maximize exposure to energy bull market (drilled 9 of the 10 best wells in most economic play in North America). Trading at 1.9x cash flow & 38% free cash flow. Pledged to buyback stock and return 75% of cash flow to shareholders. 5x multiple of current share price, or $18 share price target is possible. Very under priced energy stock.

PAST TOP PICK

(A Top Pick May 28/21, Up 287%) Drilling oil wells that payback in weeks (1.5 years is average). Largest shareholder of the company. Would have made to top pick, but already have picked company last time. Company aggressively paying down debt. Trading at 2x cash flow and 35% free cash flow yield. Expecting company to start returning capital very soon. Expecting a $14 share price (96% upside).

BUY

Typical of western Canadian companies; a go-to when oil prices rise. He's surprised oil isn't higher given the European situation, but he expects higher prices this year as reopenings spread. Driving season will be strong this year as people travel. All energy remains a good bet, at least short term. Oil has a good, long-term cycle.

WAIT

Handsome dividend was cut. Current oil price won't last forever, so be careful with these oil-centric stocks. Remember, 2 weeks ago the oil price dropped from $130 to 90. Don't buy at this level after the run. Highly levered, no dividend. Things will get attractive again if oil drops below $100, the magic number. You could buy this name then to play the trend or for a trade.

BUY

During Covid, energy stocks were massively undervalued. Also ESG was a negative force on energy stocks. Today, these stocks are catching up, accelerated by war in Ukraine. All Canadian energy stocks will do very well in this market. Expect dividend increases. Caveat: all commodity stocks are volatile and not meant to be held long term.

BUY

We are in the early stages in a bull market in energy stocks. Baytex is a leader in this sector.

COMMENT

Largest shareholder of company (~28 million shares). Company entering into the Clearwater oil field. Drilling oil wells are paying out in weeks. Currently trading at ~1.5x cash flow, 46% free cash flow yield ($100 oil). Paying down debt very fast. At 4x trading multiple, stock should be trading at $14 per share.

BUY

Believes there is still room for growth in company. $100 oil will create opportunity for large amounts of growth. At $70 oil, the company should be valued at $6/share. At $100 oil, the company should be valued at $10/share. Owns 24 million shares of company (largest shareholder).

TOP PICK

Always had too much debt, heavy oil, etc. and now they are going into the Clearwater play. They acquired a massive position and drilled the 2 best wells and got cashflow back in a month. Trading at material discount and changing rapidly. Committed to being a strong returner of capital. (Analysts’ price target is $4.83)

DON'T BUY

Debt is still massive. Need to pay that down before they can reward shareholders. Not at the top of his list. Has already had a significant move.

COMMENT

Buying back 7% of the company in the next 5 months. Modestly increasing investment in the Clearwater play, and will also doing more deleveraging. Trading at 3.4x at $70 so it is a modest premium to other names.

COMMENT

If you keep oil and gas at these price levels for a couple quarters, they would all trade at silly levels. They are cheap. Could continue to own if you believe in oil. Likes Whitecap, Enerplus, Arc, and Advantage more. Tourmaline is another option.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has had a huge run with the sector. If oil goes higher, investors may not care about its debt levels. Leveraged so it will do better in a rally since risk gets reduced with higher cash flow. The stock will likely do extremely well if the oil price continues to rise. Unlock Premium - Try 5i Free

BUY

Should see good returns in Q1 of next year. Has done a good job of pivoting asset base from okay assets to good assets. Clearwater play is the most economic well in Canada. Has reinvigorated interest. Multiple expansion will help them.

BUY

Upside expected by analysts is $3. Should do well. It is free cashflow positive and does not yet pay a dividend. Has generated a quarter billion in free cashflow. Analysts expect 40% upside.

Showing 91 to 105 of 723 entries

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Baytex Energy Corp (BTE.TO)