Buy, Sell or Hold: Baytex Energy Corp (BTE-T) — Stock Predictions at Stockchase

TSE:BTE

6.73

0.42 (6.66%) 1d

Showing 1 to 15 of 636 entries

RISKY BUY

Now is a good entry point into this stock, but he's nervous about the direction of energy as we face a possible recession. If you're long term, hold. You can add but if this declines.

oil / gas

TOP PICK

Has drilled 9 of the 10 best wells in the best play in North America. Trading at discount to what company is worth. Expecting company to buy back 18% of shares. Wells paying off in a month. Share price of 5x is fair, or $19. Paying down aggressively.

oil / gas

WAIT

Loves the energy sector, but it's coming into the weakest time of year and starting to see volatility. Economy slowing down will impact the sector more than supply constraints. Hold off until January or February when the sector tends to take off.

oil / gas

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.

oil / gas

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).

oil / gas

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.

oil / gas

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.

oil / gas

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.

oil / gas

BUY

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

oil / gas

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.

oil / gas

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).

oil / gas

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)

oil / gas

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.

oil / gas

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.

oil / gas

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.

oil / gas

Showing 1 to 15 of 636 entries

Baytex Energy Corp(BTE-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 8

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, 8 stock analysts published opinions about BTE-T. 7 analysts recommended to BUY the stock. 1 analyst 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?

8 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 2022-10-04, Baytex Energy Corp (BTE-T) stock closed at a price of $6.73.

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