TSE:BTE

Baytex Energy Corp (BTE.TO)

5.80
-0.17 (2.85%)
as of Jul 15, 2026, 2:50:35 pm Market Open.
731 watching
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Investor Insights
star iconJul 15, 2026, 12:00 am

This summary was created by AI, based on 21 opinions in the last 12 months.

Baytex Energy Corp (BTE-T) currently presents a mixed outlook among analysts. Many review its recent focus on Canadian operations and the improving financial stability through cash flow and debt reduction, particularly after divesting U.S. assets. There is a general recognition of operational efficiencies and the potential for significant share buybacks, with some estimates suggesting a target share price increase to around $5 over the next year. However, questions about the company's inventory depth and volatility driven by geopolitical factors and oil price fluctuations raise concerns. While the company is seen as a solid play for dividend-conscious investors, some experts express skepticism regarding its valuation compared to other energy stocks. Overall, the reviews underscore a cautious optimism tempered by reminders of historical missteps and market challenges.

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Consensus
Hold
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Valuation
Fair Value
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TOU
BUY ON WEAKNESS
Speculative buy you thought? If you are bullish on oil, it can be a good buy. He sold it at $0.34 so he could buy others that did not have the same financial risk. He bought it back at $0.40 before the rally up. He sold it after making 100% in a week. There will be a time and a price that it will make sense, but he is not sharing when that will be again.
PAST TOP PICK
(A Top Pick Jul 19/19, Down 80%) A good reminder it is not how you start the year, but how you finish. He thinks energy prices will recover before year end. He no longer owns it. They had higher leverage than its peers. Their non-operated crown jewel is in the Eagleford. He thinks that became a knock against them as well. He has become more of bull on Canadian energy producers now.
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.
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