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

PAST TOP PICK

(A Top Pick Jun 15/19, Down 78%) The environment for energy back then was nothing like it is now. The oil situation is far from over. The producers are going to have some dire days ahead.

PAST TOP PICK

(A Top Pick Apr 26/19, Down 85%) He sold out when oil prices dropped to the mid-$30s. He will own it again and likes their hedge book, which is 48% hedged. They luckily refinanced their debt out to 2027 just before the COVID crisis took hold.

DON'T BUY

Low price momentum, volatile and a stressed balance sheet.

PAST TOP PICK

(A Top Pick Apr 26/19, Down 59%) They are predominately light and heavy oil production. They refinanced their debt out to 2027. The balance sheet leverage is a little high, but they do not face any issues for years to come now. They are 46% hedged this year. They are fully funded down to $47 oil for the year.

TOP PICK

The balance sheet is better now that they have rolled out debt to 2027. It trades at 3.5 times cash flow and offers a 28% free cash flow yield. They are 50% hedged at $76 Canadian oil pricing. Good exposure to the Eagleford play as well along with Canadian heavy oil. Yield 0% (Analysts’ price target is $2.88)

PAST TOP PICK

(A Top Pick Jul 15/19, Down 28%) Any oil stock has been crushed. It's a good sign that oil companies are buying back shares, but shareholders don't care.

RISKY

An oil and gas company with $800 million market cap. Cash flow estimates for 2021 are almost equal to the share price presently. Analysts are revising their earnings estimates upward. At today's price this could be a good holding if oil prices can stay above $50 per barrel. He does not follow this company closely.

DON'T BUY

The downtrend is still going, though there are a lot of energy stocks like this. We're in the ballpark to its 2016 low. There are better names in the energy space.

DON'T BUY

A leveraged play on crude oil prices. She owns no energy stocks, because she wants to see clarity on takeaway capacity from Alberta. BTE will follow the price of oil. CNQ and Suncor are the better oil names.

DON'T BUY

Energy? He is not a big believer in entering energy yet. The market is totally different than it was five years ago. The world is finding more oil than ever. The Chinese are the biggest buyer of energy now and he does not trust how they have created a Shanghai index for oil and gold. Terrorist activity in the Middle East does not impact the price like it once did. He is staying away from energy as a whole. Baytex has fallen to such a discount, he thinks the market does not trust the sustainability of the balance sheet. He thinks this will come in the form of reserve right downs. His model price for the share price is $0.60.

DON'T BUY

Now, we're seeing a slight breakout from a base. January is volatile for oil stocks. Feb. 25 to May 9 is oil's seasonality. He prefers the oil large-caps though. He wouldn't consider BTE until seasonality.

BUY

It’s one of the junior stocks that he continues to like. It’s trading significantly below book value. The company has good assets in shale in Texas. It continues to pay down debt and deploy capital better. A well managed company.

PAST TOP PICK

(A Top Pick Dec 14/18, Down 28%) It has fallen off the radar screen. Their balance sheet is not as precarious as people think.

TOP PICK

It has under-performed the oil price by 60%. It is higher than a 20% free cash flow yield. They plan to harvest free cash flow to pay down debt. He hopes they will then buy back stock. (Analysts’ price target is $2.97)

BUY

Oil 2020 outlook He's bullish oil, given OPEC production cuts. The perception of BTE is heavily levered, heavy oil, but they actually have 60% production in Permian light oil. The balance sheet is much better now after paying down debt, dropping to 2x debt-to-cash flow. They could buyback shares. He's added to this recently. Tax-loss selling and the flight of capital have pressured oil stocks. He expects a bounce to come, but doesn't know when. Eventually, rationality comes to markets. Oil stocks boasts 20% free cash flow yield--you should make money on these at some point. When, he doesn't know, but the situation looks better now.

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Baytex Energy Corp (BTE.TO)