Baytex Energy Renews Share Repurchase Program

Baytex Energy ( (TSE:BTE) ) has issued an announcement.

On June 24, 2025, Baytex Energy Corp. announced the renewal of its normal course issuer bid (NCIB), allowing the company to repurchase up to 66,244,464 common shares over a 12-month period starting July 2, 2025. This move is part of Baytex’s shareholder return framework, which combines share repurchases and quarterly dividend payments to enhance capital return and improve per-share metrics. The renewed NCIB represents 10% of Baytex’s public float and provides the company with flexibility in managing its share repurchase strategy. The announcement underscores Baytex’s commitment to returning capital to shareholders and maintaining a strong market position.

The most recent analyst rating on (TSE:BTE) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Baytex Energy stock, see the TSE:BTE Stock Forecast page.

Spark’s Take on TSE:BTE Stock

According to Spark, TipRanks’ AI Analyst, TSE:BTE is a Outperform.

Baytex Energy scores well due to its strong financial performance and attractive valuation. Technical indicators support a positive outlook, although some caution is warranted due to commodity price pressures and share price underperformance highlighted in the earnings call.

To see Spark’s full report on TSE:BTE stock, click here.

More about Baytex Energy

Baytex Energy Corp. is an energy company headquartered in Calgary, Alberta, with additional offices in Houston, Texas. The company specializes in the acquisition, development, and production of crude oil and natural gas, focusing its operations in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States. Baytex’s common shares are traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.

Average Trading Volume: 6,389,330

Technical Sentiment Signal: Sell

Current Market Cap: C$1.91B

Find detailed analytics on BTE stock on TipRanks’ Stock Analysis page.