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Investor Insights

This summary was created by AI, based on 35 opinions in the last 12 months.

Based on the reviews from different experts, it can be summarized that Baytex Energy Corp's stock has shown recent improvements and has outperformed the S&P in the last 2 weeks. There are mixed opinions on the company's management and M&A activities, with some experts recommending to buy due to cheap valuation and favorable energy outlook while others advise caution. The stock is expected to see a bottom soon and rise with increasing energy prices. Overall, the stock is seen as a tactical opportunity in the energy space with potential for reacceleration from higher crude prices.

Consensus
Mixed
Valuation
Undervalued
BUY
Baytex Energy Corp

Energy looks good in recent days. The current low is interesting and similar to one in early 2023; share are climbing currently. In the last 2 weeks, Baytex has outperformed the S&P. The energy sector looks good.

oil / gas
HOLD
Baytex Energy Corp

Not being rewarded for M&A activity. Management promises of re-rating on stocks is not trusted by the markets. Believes company will gain higher valuation if focuses on prudent capital allocation (share buybacks etc.) Would advise investors to ignore over reactions of market (both negatively and positively). 

oil / gas
BUY ON WEAKNESS
Baytex Energy Corp

Technical perspective - downward trend not a great sign. Expecting a bottom soon in stock price which would be a good place to buy. Energy prices will rise soon. 

oil / gas
BUY
Baytex Energy Corp

Very cheap valuation. Recent M&A will start to pay off in 2024. Energy outlook looks favorable. Would recommend buying. 

oil / gas
WEAK BUY
Baytex Energy Corp

Has grown well in the past 10 years, has great access to capital and generates a lot of free cash. He has better choices, but likes BTE.

oil / gas
COMMENT
Baytex Energy Corp

For Baytex there is some consolidation here due to some nervousness re the price of oil. Cenovus is similar to Baytex and has dropped to the consolidation level. It could go to the $20 level in the next 3 to 6 months. Don't buy energy now since it could retrace much of its big gains.

oil / gas
PAST TOP PICK
Baytex Energy Corp
(A Top Pick Jan 27/23, Down 13%)

Recovered from overhang of the Ranger deal, which made the company better. Respects CEO, great asset base, clear vision to using free cashflow to pay shareholders more and pay down debt. Second-highest free cashflow yield in NA.

oil / gas
DON'T BUY
Baytex Energy Corp

No longer a pure play on heavy oil. Moves in and out of favour depending on leverage to oil. See his Top Picks for a heavy oil producer he prefers over this one. He prefers scalable, heavy oil projects that generate strong margins.

oil / gas
HOLD
Baytex Energy Corp

Has reduced energy exposure. Unsure on direction of sector. Believes over bought. Seasonality is weak until February. Has sold half of position. 

oil / gas
HOLD
Baytex Energy Corp

He's sold a lot of energy lately, but hung onto BTE. The valuation remains cheap. The market doesn't want to see energy companies buying other ones (CPG is getting punished for that today).  BTE boasts over 20% free cash flow yield, trading over 3x operating cash flow, so cheap.

oil / gas
HOLD
Baytex Energy Corp

Earnings beat by 5% on last quarter. Very cheap relative to peers. Seeing nice production and cash flow growth. Oil prices volatile. Debt concerns a little bit of concern. Very good exposure to oil price. Almost blue chip quality within sector. 

oil / gas
PAST TOP PICK
Baytex Energy Corp
(A Top Pick Nov 25/22, Down 12.4%)

Recent M&A not being rewarded. Expecting market to digest Ranger acquisition. Expecting better performance in 2024. High quality increase in Eagleford starting to be understand. ~$9 share price not unreasonable. $14 share price also possible. Will continue to own shares. Would buy more shares if possible. Very bullish. 

oil / gas
WATCH
Baytex Energy Corp

Impacted by wildfires. Acquisition of Ranger got them into US, but also increased leverage quite a bit. Will have to concentrate on debt reduction. Has promised fairly high portion of free cashflow to shareholders via dividends and buybacks. Fairly attractive at current prices, but better choices in the sector. Yield is 1.7%.

oil / gas
BUY
Baytex Energy Corp
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

We like BTE better these days. It was in the dog house for a long time (high debt, dividend elimination) but has managed to get things back on track. It has re-started a dividend, and is very cheap. Debt is still higher than most peers, however, and it made a $1.3B acquisition this year while the rest of the sector focused on paying down debt. We do like WCP 'better', but for diversification we think BTE becomes more interesting if it goes below $5.
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oil / gas
PAST TOP PICK
Baytex Energy Corp
(A Top Pick Oct 24/22, Down 14%)

Very confident in holding name.
Large ownership position.
Trading at 39% free cash flow yield.
Recent acquisition misunderstood by the market.
At least 10 years of high quality inventory.
CEO recent bought 900,000 shares.
Expecting a ~$14 share price.

oil / gas
Showing 1 to 15 of 676 entries

Baytex Energy Corp(BTE-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 17

Neutral - Hold Signals / Votes : 6

Bearish - Sell Signals / Votes : 6

Total Signals / Votes : 29

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, 29 stock analysts published opinions about BTE-T. 17 analysts recommended to BUY the stock. 6 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?

29 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 2024-02-29, Baytex Energy Corp (BTE-T) stock closed at a price of $4.33.