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

Home

Daily Stock Opinions and Ratings

Baytex Energy Corp (BTE.TO)

6.96

-0.03 (0.43%)

as of Sep 11, 2026, 8:00:01 pm Market Open.

731 watching

Investor Insights

Sep 13, 2026, 12:00 am

This summary was created by AI, based on 22 opinions in the last 12 months.

Baytex Energy Corp (BTE-T) is seen as a company in transition, focusing on Canadian operations following divestments from less favorable assets. Experts express enthusiasm for the new management, particularly the CEO's decision to take a salary in stock, which aligns their interests with shareholders. The sale of American assets has positioned the company to be net cash positive, which should enhance its financial health and provide room for aggressive share buybacks. While there is a consensus that the market may not fully appreciate Baytex's potential, some analysts suggest that the company still has significant upside due to its solid operational efficiencies and disciplined approach to debt reduction. However, concerns about inventory depth and external factors influencing oil prices add an element of caution regarding long-term performance.

Consensus

Positive

Valuation

Fair Value

Similar

CVE, CVE

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.

Wealthica Track your Stocks in your Watch List

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.

BUY

A great small cap pick. Did well with getting a deal with the Metis for their play. Needs the Clearwater play to bring interest. Leverage is too high so this play will help them. Theoretically a 90% upside.

COMMENT

It gives you leverage to WTI oil. About 25% of their production is heavy oil. Like many oil companies in 2021-22, BTE is reducing debt as we caught in 2020 with too much debt. What hinders their upside is that they've hedged a lot of their production--50% of it is capped at US$52 per barrel. BTE still falls in the top 20% of beta to WTI upside, but not as much as a heavy oil producer like Meg Energy. Could oil stocks return to highs 4 years ago? Anything is possible, he supposes, but he doesn't think the market will go to highs until investors see more stability or concrete outlook in the oil market in the next 12-24 months.

TOP PICK

Off most people's radar. Has had success in the Clearwater area. The well has come on very strong. Good economics. Oil prices is fixing their leverage problem and the new well might fix their inventory problem. Trading at 2.7x cashflow at $70 oil. Could privatize themselves in 2 years from free cashflow. Very inexpensive. 4x multiple at $70, which is $3.70 share price target. (Analysts’ price target is $1.91)

BUY

Established a 6% weight at $1.28. The hope is their appraisal results from the Clearwater play is positive. Potential $440M potential de-risk value that is worth half the market cap. Most people are not aware they are pursuing this. An inefficient market where you can make profit. Trading at 3.5x next year enterprise to cash flow at $60 oil. Target multiple is 6x. At $70 oil, you can look forward to $3.60.

DON'T BUY

If oil stays up, Baytex can go with it. Their balance sheet is quite bloated compared to peers. They do not have production growth. The commodity side is growing cash flow but there are better plays.

PAST TOP PICK

(A Top Pick Feb 12/20, Down 33%) A higher-beta oil play. They have excess debt that they'll pay down this year with free cash flow. They have a good free cash flow yield. He targets $1.40-1.50 based on $60 oil. At $60, this is a free cash flow machine. The business model changes drastically from $50 to $60 oil. They need to pay down their debt.

COMMENT

They have US operations as well as Canada. These companies trade similarly over time and that is based on oil. You will get a lot of leverage to the upside with this one but it is dependant on the oil price.

PAST TOP PICK

(A Top Pick Dec 19/19, Down 52%) It continues to offer meaningful leverage for rising oil prices. They hedged off 50% of their oil exposure next year. He does not own this for this reason.

PAST TOP PICK

(A Top Pick Dec 19/19, Down 64%) It offers meaningful beta for increasing oil price. He thinks it will lag other names, especially since more and more investors favour MEG. He does not hold it.

RISKY

People are tempted by the price in cents, but it's not actually that cheap. Net debt to cashflow is 9x, whereas you don't want to go beyond 3x. More of a trading stock.

Showing 106 to 120 of 728 entries

Most Recent Experts

Jenny Harrington, CEO, Gilman Hill Asset Management

Gilman Hill Asset Management

Jim Lebenthal

Cerity Partners

Shannon Saccocia, CIO, Boston Private

Boston Private

Kevin Simpson

Capital Wealth Planning

Greg Newman

Scotia Wealth Management

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Baytex Energy Corp (BTE.TO)