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Investor Insights

This summary was created by AI, based on 32 opinions in the last 12 months.

The reviews from different experts highlight a mixed outlook for Baytex Energy Corp. Some experts are positive about the company's drilling results, conventional oil discoveries, and new pipeline developments. Others are cautious due to the company's struggle with debt and M&A activity. Overall, the company is seen as having potential, but with certain risks and challenges.

Consensus
Mixed
Valuation
Undervalued
BUY ON WEAKNESS
Baytex Energy Corp

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.

oil / gas
HOLD
Baytex Energy Corp

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. 

oil / gas
HOLD
Baytex Energy Corp

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.

oil / gas
HOLD
Baytex Energy Corp

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. 

oil / gas
HOLD
Baytex Energy Corp

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.

oil / gas
TOP PICK
Baytex Energy Corp

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)
oil / gas
BUY
Baytex Energy Corp

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

oil / gas
TOP PICK
Baytex Energy Corp

Disappointing laggard. But sees profound value disconnect between where stock's trading and where it should be. The Q1 heavy spend is done. Now buying back shares aggressively with half of free cashflow, and this should set it up to outperform; rest of free cashflow is being used to pay down debt. Yield is 2%.

(Analysts’ price target is $6.47)
oil / gas
BUY ON WEAKNESS
Baytex Energy Corp

Oils have been trading sideways. Stock's close to midway between one of its trading ranges. Stuck in limbo for next few months. Not great during summer seasonality. OK on dips, but don't expect much for a few months.

See his (really good;) blog on oils, being published tomorrow.

oil / gas
HOLD
Baytex Energy Corp

Owns shares, but has been frustrated. Stock price not performing well. Company has improved a lot through the years. Strong assets with cheap valuation. Will continue to hold shares. Expecting continued strength in energy prices. 

oil / gas
BUY
Baytex Energy Corp

Good company, would recommend buying. Does not own shares - owns others in the sector instead. However, is a good name. Overall, a positive time in the energy space. 

oil / gas
HOLD
Baytex Energy Corp

Energy is the most undervalued sector in Canada. This year, global world consumption will hit a record high. Yes, we need to find alternative energy, but demand is insatiable. The bigger names like Suncor trade at much higher PEs, but investors will eventually look at smaller names like this. Hold, if you own, and you can add shares.

oil / gas
TOP PICK
Baytex Energy Corp

Massive disconnect between its fair value and where it's trading. It hasn't been great for investors this past year. At least 10 years of inventory. Drilling some of best wells after its acquisition. Likes the new CEO. Capex spending going down, frees up cashflow for buybacks. Target of $10, so more than double. Yield is 1.9%.

His largest weight in the fund. His highest conviction right now.

(Analysts’ price target is $6.52)
oil / gas
DON'T BUY
Baytex Energy Corp

Does not recommend investing. Would rather CNQ, Imperial Oil, Arc Resources or Tourmaline. Better names in energy sector. 

oil / gas
PAST TOP PICK
Baytex Energy Corp
(A Top Pick Mar 24/23, Up 11%)

He's been patient with this. It's his second-largest holding. A misunderstood stock with investors thinking their oil was lousy because they bought a garbage company drilling lousy holes. Now, BTE is drilling top-quality wells. Also, they had a tax issue with Ottawa that has since been solved. Ongoing noise. Is confident with the new CEO who's bought a lot of shares. Trades at 2.5x cash flow, a discounted valuation like no other. Are buying back shares. Caveat: their #2 shareholder will eventually sell. He targets $10.

oil / gas
Showing 1 to 15 of 693 entries

Baytex Energy Corp(BTE-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 10

Neutral - Hold Signals / Votes : 10

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 23

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, 23 stock analysts published opinions about BTE-T. 10 analysts recommended to BUY the stock. 3 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?

23 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 2024-10-31, Baytex Energy Corp (BTE-T) stock closed at a price of $3.93.