Baytex Energy (BTE) AI Stock Analysis

• Market Cap: $2.57B
• Dividend Yield: 2.82%
• Average Volume (3M): 5.89M
• Price to Earnings (P/E): 7.1
• Beta (1Y): 1.62
• Revenue Growth: -7.76%
• EPS Growth: N/A
• Country: CA
• Employees: 370
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.20
• Shares Outstanding: 768,300,000
• 10 Day Avg. Volume: 4,889,795
• 30 Day Avg. Volume: 5,889,413
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.56
• Enterprise Value/Revenue: 1.07
• Enterprise Value/Gross Profit: 3.77
• Enterprise Value/Ebitda: 1.86
• 1Y Price Target: $4.08
• Price Target Upside: 28.01% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 65 Neutral
• Price Target: C$3.50 ▲(9.72% Upside)

Baytex Energy's overall score reflects strong operational efficiency and attractive valuation, offset by challenges in revenue growth and free cash flow generation. The positive earnings call sentiment and cost improvements are significant strengths, but the technical indicators suggest caution.

Positive Factors

Operational Efficiency

Baytex's improvements in drilling and completion costs enhance operational efficiency, reducing costs and improving margins, which supports long-term profitability.

Debt Reduction

Reducing debt enhances financial flexibility, allowing Baytex to allocate more resources towards growth initiatives and withstand market fluctuations.

Production Growth

Increased production demonstrates Baytex's ability to efficiently scale operations, potentially leading to higher revenue and market share in the long term.

Negative Factors

Revenue Growth Challenges

Declining revenue growth indicates potential difficulties in market expansion and sales, which could impact Baytex's ability to sustain long-term profitability.

Free Cash Flow Limitations

Limited free cash flow restricts Baytex's ability to reinvest in growth opportunities and manage debt, potentially hindering future strategic initiatives.

Soft Commodity Prices

Low commodity prices can pressure Baytex's revenue and margins, affecting its ability to generate profits and invest in future growth.

Baytex Energy Business Overview & Revenue Model

Company Description

Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadian Sedimentary Basin and in the Texas, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. Its principal oil and natural gas properties comprise the Eagle Ford property in Texas, Viking and Lloydminster properties in Alberta and Saskatchewan, Peace River and Duvernay properties in Alberta. The company's properties also include conventional oil and natural gas assets in Western Canada. As of December 31, 2021, it had proved developed producing reserves of 129 million barrels of oil equivalent (mmboe); proved reserves of 278 mmboe; and proved plus probable reserves of 451 mmboe. Baytex Energy Corp. was founded in 1993 and is headquartered in Calgary, Canada.

How the Company Makes Money

Baytex Energy generates revenue primarily through the sale of crude oil, natural gas, and natural gas liquids. The company employs a revenue model based on the sale of these hydrocarbons at market prices, which can fluctuate significantly based on global supply and demand dynamics. Key revenue streams include the production and sale of oil and gas from its operated and non-operated properties. Additionally, Baytex enters into various agreements, including hedging contracts, to manage price volatility and ensure stable cash flows. The company has also established partnerships with other energy firms to enhance operational efficiencies, reduce costs, and potentially expand its resource base, which contributes to its overall profitability.

Baytex Energy Financial Statement Overview

Summary

Baytex Energy shows strong operational efficiency with healthy EBIT and EBITDA margins. However, challenges in revenue growth and free cash flow generation are concerns, impacting overall financial stability.

Income Statement

Baytex Energy's income statement shows a mixed performance. The TTM (Trailing-Twelve-Months) gross profit margin of 37.90% is strong, indicating effective cost management. However, the net profit margin of 9.80% and a negative revenue growth rate of -16.20% suggest challenges in maintaining profitability and growth. The EBIT and EBITDA margins are healthy at 18.42% and 53.88%, respectively, reflecting operational efficiency. Despite these strengths, the declining revenue growth rate is a concern.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.52, indicating moderate leverage. The return on equity (ROE) of 8.95% shows decent profitability relative to shareholders' equity. The equity ratio of 54.10% suggests a solid capital structure. While the company has managed its debt well, the ROE could be improved to enhance shareholder value.

Cash Flow

Cash flow analysis reveals some challenges. The free cash flow growth rate is negative at -24.10%, indicating a decline in cash available after capital expenditures. The operating cash flow to net income ratio of 2.99 suggests strong cash generation relative to net income. However, the free cash flow to net income ratio of 0.29 indicates limited cash flow relative to profits. Improving free cash flow growth is essential for future investments and debt reduction.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.75B	4.21B	2.71B	2.89B	1.87B	975.48M
Gross Profit	1.06B	1.03B	750.68M	1.08B	603.51M	-82.80M
EBITDA	2.16B	2.18B	723.50M	1.58B	2.27B	-1.99B
Net Income	367.88M	236.60M	-233.36M	855.61M	1.61B	-2.44B
Balance Sheet
Total Assets	7.55B	7.76B	7.46B	5.10B	4.83B	3.41B
Cash, Cash Equivalents and Short-Term Investments	7.16M	16.61M	55.81M	5.46M	0.00	0.00
Total Debt	2.13B	2.28B	2.44B	937.17M	1.39B	1.79B
Total Liabilities	3.47B	3.59B	3.64B	2.07B	2.62B	2.83B
Stockholders Equity	4.08B	4.17B	3.83B	3.03B	2.21B	578.21M
Cash Flow
Free Cash Flow	519.66M	593.85M	239.61M	648.83M	396.62M	70.48M
Operating Cash Flow	1.80B	1.91B	1.30B	1.17B	712.38M	353.10M
Investing Cash Flow	-1.26B	-1.28B	-1.51B	-488.99M	-310.76M	-314.47M
Financing Cash Flow	-577.82M	-668.17M	266.25M	-678.42M	-401.62M	-44.20M

Baytex Energy Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.19
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BTE, the sentiment is Negative. The current price of 3.19 is below the 20-day moving average (MA) of 3.30, below the 50-day MA of 3.21, and above the 200-day MA of 2.90, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.00 is Neutral, neither overbought nor oversold. The STOCH value of 62.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BTE.

Baytex Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HWX	―	$1.75B	9.41	25.93%	5.90%	8.47%	-1.60%
FRU	―	$2.29B	18.24	11.89%	7.67%	-0.92%	-23.14%
Sector *	―	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
BTE	―	$2.57B	7.10	9.05%	2.82%	-7.76%	―
AAV	―	$1.90B	35.16	3.28%	―	24.90%	-33.81%
BIR	―	$1.74B	22.55	3.27%	3.01%	-15.60%	85.49%
VET	―	$1.63B	-8.79	4.40%	5.02%	-1.60%	76.21%

Baytex Energy Corporate Events

Baytex Energy to Announce Q3 2025 Results with Conference Call

Baytex Energy Corp. announced that it will release its third quarter 2025 financial and operating results on October 30, 2025, followed by a conference call and webcast on October 31, 2025, to discuss the results. This announcement is significant for stakeholders as it provides insights into the company’s performance and strategic direction, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (TSE:BTE) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on Baytex Energy stock, see the TSE:BTE Stock Forecast page.

Baytex Energy Announces Amended Credit Agreement

Baytex Energy Corp. announced on August 11, 2025, that it has entered into a Fifth Amended and Restated Credit Agreement, effective June 27, 2025. This agreement involves Baytex Energy Corp. as the Canadian Borrower and Baytex Energy USA, Inc. as the U.S. Borrower, with The Bank of Nova Scotia acting as the agent for the lenders. The agreement signifies an important restructuring of Baytex’s credit facilities, which may impact the company’s financial flexibility and operational strategies moving forward.

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.

Baytex Energy to Present at EnerCom Denver 2025

On August 11, 2025, Baytex Energy Corp. announced that its President and CEO, Eric Greager, will present at EnerCom Denver on August 18, 2025. This presentation is part of Baytex’s ongoing efforts to engage with stakeholders and highlight its strategic initiatives in the energy sector. The event will be accessible via a webcast, with a replay available on the company’s website for six months, reflecting Baytex’s commitment to transparency and investor relations.

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.

Baytex Energy Reports Record Q2 2025 Performance and Debt Reduction

Baytex Energy Corp. reported strong second quarter 2025 results, highlighted by record performance in the Pembina Duvernay wells and a focus on debt reduction. The company achieved significant production increases and financial gains, including a 2% rise in production per share compared to Q2 2024, and generated $152 million in net income. Baytex plans to continue prioritizing free cash flow and debt repayment, aiming for a net debt target of approximately $2 billion by year-end 2025.

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.

Baytex Energy Reports Strong Q2 2025 Results

Baytex Energy Corp. is a Calgary-based energy company specializing in the acquisition, development, and production of crude oil and natural gas, with operations in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States. The company is publicly traded on the Toronto and New York Stock Exchanges under the symbol BTE.

Baytex Energy Corp. Earnings Call Highlights Strong Performance

Baytex Energy Corp. recently held its earnings call, revealing a strong operational and financial performance despite facing a soft commodity market. The company reported record production metrics and significant cost efficiencies, which, coupled with a strategic focus on capital discipline and debt reduction, positions it well for future growth and value creation.

Baytex Energy Reports Strong Q2 2025 Results and Announces October Dividend

Baytex Energy Corp. reported solid second-quarter results for 2025, highlighted by record well performance in the Pembina Duvernay region and continued debt reduction. The company also announced a quarterly dividend for October 2025, reflecting its strong financial position and commitment to returning value to shareholders.

The most recent analyst rating on (TSE:BTE) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on Baytex Energy stock, see the TSE:BTE Stock Forecast page.