Trending stocks today
iShares Barclays 20+ Yr Treas Bond
BETAPRO SP500 DAILY INVERSE ETF
BMO S&P/TSX Oil & Gas ETF
BMO EQUAL WEIGHT BANKS INDEX ETF
Amazon.com
Raytheon
Whitecap Resources
IBM
Chevron Texaco
Sunrun Inc.
Amazon.com
Apple Inc
Alphabet Inc. / Google
Artis Real Estate Investment Trust
Canadian Imperial Bank of Commerce (CIBC)
Cogeco Communications
Athabasca Oil Sands Corp
Tamarack Valley Energy
Baytex Energy Corp
Baytex Energy Corp (BTE-T)
539 watching
TSE:BTE
6.16
0.21
(3.53%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Jan 27, 2023, 9:00 pm
0
TOP PICK
New CEO is capable and market friendly.
Potential to expand Eagleford potential.
Clearwater exposure with strong free cash flow yield.
Interest falling off the company which creates a buying opportunity.
Expecting $20 share price assuming $100 oil.
Company is very focused on paying down debt.
oil / gas
$6.160
Unknown
TOP PICK
Believes company is executing business plan well.
Company has 15 out of the top 15 Clearwater oil wells.
Trading at 2x cash flow which presents a good buying opportunity.
Expecting large share buybacks going forward.
oil / gas
TOP PICK
Good exposure to the Clearwater play and very economic heavy oil. It is committed to returning much of free cash flow to shareholders in buybacks. Has 40% free cash flow upside. The wells in Alberta are cheap to build and are very productive. Fair value should be $19 per share, a 186% potential upside. Buy 3, Hold 8, Sell 0 (Analysts’ price target is $8.89)
oil / gas
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
Baytex Energy Corp(BTE-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 6
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, 6 stock analysts published opinions about BTE-T. 6 analysts recommended to BUY the stock. 0 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?
6 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 2023-01-27, Baytex Energy Corp (BTE-T) stock closed at a price of $6.16.
Advertising
