BTE Stock Analysis: Baytex Energy | NYSE
Oil & Gas E&P | NYSE, USA | Market Cap: 3.363m USD | 12M Return: 129.5% | CA07317Q1054 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 62.4M
Qual. Beats: 0
Rev. Trend: -70.2%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Baytex Energy Corp. is a Calgary-based energy company that acquires, develops, and produces crude oil and natural gas, primarily from the Western Canadian Sedimentary Basin. Its production portfolio spans light oil and condensate, heavy oil, natural gas liquids, and natural gas, with core assets including 100% working interests in the Duvernay and Peace River properties in Alberta, as well as the Lloydminster property spanning Alberta and Saskatchewan. The company has been operating since its incorporation in 1993 and trades on the NYSE under the ticker BTE.
As an oil and gas exploration and production company, Baytex operates in one of the worlds largest hydrocarbon basins, the Western Canadian Sedimentary Basin, which supplies a significant share of North American crude. The Duvernay shale play is recognized as one of Canadas most prospective liquids-rich resource plays, while the Peace River and Lloydminster areas are known for heavy oil and bitumen development, giving the company exposure to both light and heavy crude markets.
- WTI crude price weakness pressures Canadian heavy oil margins
- Ranger Oil acquisition expands US Eagle Ford light oil production
- WCS heavy differential narrows on TMX pipeline startup boosting egress
| Net Income: -716.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 1.43 > 1.0 |
| NWC/Revenue: 169.9% < 20% (prev -6.17%; Δ 176.0% < -1%) |
| CFO/TA 0.33 > 3% & CFO 1.05b > Net Income -716.9m |
| Net Debt (-510.6m) to EBITDA (104.5m): -4.89 < 3 |
| Current Ratio: 2.82 > 1.5 & < 3 |
| Outstanding Shares: last quarter (726.0m) vs 12m ago -5.97% < -2% |
| Gross Margin: 4.70% > 18% (prev 24.84%; Δ -20.14% > 0.5%) |
| Asset Turnover: 6.83% > 50% (prev 41.82%; Δ -35.00% > 0%) |
| Interest Coverage Ratio: -0.18 > 6 (EBIT TTM -26.7m / Interest Expense TTM 146.2m) |
| A: 0.20 (Total Current Assets 964.0m - Total Current Liabilities 342.4m) / Total Assets 3.17b |
| B: -1.27 (Retained Earnings -4.02b / Total Assets 3.17b) |
| C: -0.00 (EBIT TTM -26.7m / Avg Total Assets 5.36b) |
| D: 2.12 (Book Value of Equity 2.15b / Total Liabilities 1.02b) |
| Altman-Z'' = -0.66 = B |
| DSRI: 3.0 (Receivables 188.3m/363.5m, Revenue 365.9m/3.16b) |
| GMI: 5.28 (GM 24.84% / 4.70%) |
| AQI: 0.48 (AQ_t 0.01 / AQ_t-1 0.03) |
| SGI: 0.12 (Revenue 365.9m / 3.16b) |
| TATA: -0.56 (NI -716.9m - CFO 1.05b) / TA 3.17b) |
| Beneish M = 1.50 (Cap -4..+1) = D |
As of August 24, 2026, the stock is trading at USD 4.81 with a total of 11,132,086 shares traded. Over the past week, the price has changed by +10.07%, over one month by +9.57%, over three months by -1.50% and over the past year by +129.52%.
Current recommended Stop Loss: 4.40 (which is 8.5% or 2.4 ATR below the current price).
Baytex Energy has received a consensus analysts rating of 3.73. Therefore, it is recommended to hold BTE.
- StrongBuy: 3
- Buy: 3
- Hold: 4
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 5.1 | 6% |
Market Cap CAD = 4.64b (3.36b USD * 1.3784 USD.CAD)
P/E Forward = 22.1239
P/S = 2.0095
P/B = 2.1572
P/EG = -0.98
Revenue TTM = 365.9m CAD
EBIT TTM = -26.7m CAD
EBITDA TTM = 104.5m CAD
Long Term Debt = 89.2m CAD (from longTermDebt, last quarter)
Short Term Debt = 10.4m CAD (from shortTermDebt, last quarter)
Debt = 209.7m CAD (from shortLongTermDebtTotal, last quarter) + Leases 60.3m
Net Debt = -510.6m CAD (calculated: Debt 209.7m - CCE 720.3m)
Enterprise Value = 4.13b CAD (4.64b + Debt 209.7m - CCE 720.3m)
Interest Coverage Ratio = -0.18 (Ebit TTM -26.7m / Interest Expense TTM 146.2m)
EV/FCF = 15.65x (Enterprise Value 4.13b / FCF TTM 263.5m)
FCF Yield = 6.39% (FCF TTM 263.5m / Enterprise Value 4.13b)
FCF Margin = 72.02% (FCF TTM 263.5m / Revenue TTM 365.9m)
Net Margin = -195.9% (Net Income TTM -716.9m / Revenue TTM 365.9m)
Gross Margin = 4.70% ((Revenue TTM 365.9m - Cost of Revenue TTM 348.7m) / Revenue TTM)
Gross Margin QoQ = 40.73% (prev 22.84%)
Tobins Q-Ratio = 1.30 (Enterprise Value 4.13b / Total Assets 3.17b)
Interest Expense / Debt = 69.73% (Interest Expense 146.2m / Debt 209.7m)
Taxrate = 24.61% (55.1m / 223.7m)
NOPAT = -20.1m (EBIT -26.7m * (1 - 24.61%)) [loss with tax shield]
Current Ratio = 2.82 (Total Current Assets 964.0m / Total Current Liabilities 342.4m)
Debt / Equity = 0.10 (Debt 209.7m / totalStockholderEquity, last quarter 2.15b)
Debt / EBITDA = -4.89 (Net Debt -510.6m / EBITDA 104.5m)
Debt / FCF = -1.94 (Net Debt -510.6m / FCF TTM 263.5m)
Total Stockholder Equity = 2.72b (last 4 quarters mean from totalStockholderEquity)
RoA = -13.37% (Net Income -716.9m / Total Assets 3.17b)
RoE = -26.39% (Net Income TTM -716.9m / Total Stockholder Equity 2.72b)
RoCE = -0.95% (EBIT -26.7m / Capital Employed (Equity 2.72b + L.T.Debt 89.2m))
RoIC = -0.71% (negative operating profit) (NOPAT -20.1m / Invested Capital 2.82b)
WACC = 8.19% (E(4.64b)/V(4.85b) * Re(8.56%) + (debt cost/tax rate unavailable))
Discount Rate = 8.56% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -96.68 | Cagr: -5.36%
[DCF] Terminal Value 73.10% ; FCFF base≈366.0m ; Y1≈321.0m ; Y5≈259.3m
[DCF] Fair Price = 6.68 (EV 4.16b - Net Debt -510.6m = Equity 4.67b / Shares 699.2m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.71 | # QB: 0
Revenue Correlation: -70.17 | Revenue CAGR: -46.33% | SUE: 0.26 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.15 | Chg30d=+0.00% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.30 | Chg30d=-21.05% | Revisions=-40% | GrowthEPS=+341.2% | GrowthRev=-45.9%
EPS next Year (2027-12-31): EPS=0.38 | Chg30d=+2.70% | Revisions=-40% | GrowthEPS=+26.7% | GrowthRev=-11.4%
[Analyst] Revisions Ratio: -38% (up=1, down=4)