(BTE) Baytex Energy - Overview
Sector: EnergyIndustry: Oil & Gas E&P | Exchange NYSE (USA) | Currency USD | Market Cap: 3.244m | Total Return 95.8% in 12m
Stock: Crude Oil, Natural Gas, Condensate, Liquids, Heavy Oil
Total Rating 45
Risk 31
Buy Signal 1.39
| Risk 5d forecast | |
|---|---|
| Volatility | 46.0% |
| Relative Tail Risk | -2.07% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.34 |
| Alpha | 82.66 |
| Character TTM | |
|---|---|
| Beta | 1.137 |
| Beta Downside | 1.695 |
| Drawdowns 3y | |
|---|---|
| Max DD | 66.67% |
| CAGR/Max DD | 0.11 |
EPS (Earnings per Share)
Revenue
Description: BTE Baytex Energy March 03, 2026
Baytex Energy Corp. (NYSE: BTE) is an integrated upstream firm focused on acquiring, developing, and producing crude oil, condensate, natural gas liquids, and natural gas across the Western Canadian Sedimentary Basin and the Eagle Ford shale in Texas. Its asset portfolio includes the Viking and Lloydminster fields in Alberta/Saskatchewan, the Peace River and Duvernay plays in Alberta, and a strategic interest in Eagle Ford acreage.
As of the latest Q4 2025 release, Baytex produced an average 73,000 boe/d, generated $350 million of free cash flow, and maintained a net debt-to-EBITDA ratio of 2.1×. The company’s dividend yielded roughly 5.2%, while a 2024-25 decline in the Canada-U.S. oil price differential and OPEC+ production cuts have supported higher realized prices for its light-oil and condensate output.
For a deeper dive, consider reviewing ValueRay’s valuation tools for additional insight.
Headlines to watch out for
- Global crude oil prices dictate revenue and profitability
- Natural gas price fluctuations impact revenue streams
- Production costs directly affect profit margins
- Regulatory changes in Canada and US pose operational risks
- Acquisition and divestiture activity alters asset base
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income: -602.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -0.28 > 1.0 |
| NWC/Revenue: 94.14% < 20% (prev -3.73%; Δ 97.87% < -1%) |
| CFO/TA 0.44 > 3% & CFO 1.48b > Net Income -602.9m |
| Net Debt (-834.4m) to EBITDA (723.3m): -1.15 < 3 |
| Current Ratio: 3.61 > 1.5 & < 3 |
| Outstanding Shares: last quarter (769.2m) vs 12m ago -3.88% < -2% |
| Gross Margin: 4.36% > 18% (prev 0.26%; Δ 410.3% > 0.5%) |
| Asset Turnover: 16.45% > 50% (prev 42.87%; Δ -26.42% > 0%) |
| Interest Coverage Ratio: 0.93 > 6 (EBITDA TTM 723.3m / Interest Expense TTM 217.4m) |
Altman Z'' 0.13
| A: 0.26 (Total Current Assets 1.19b - Total Current Liabilities 329.9m) / Total Assets 3.34b |
| B: -1.22 (Retained Earnings -4.09b / Total Assets 3.34b) |
| C: 0.04 (EBIT TTM 202.1m / Avg Total Assets 5.55b) |
| D: 2.08 (Book Value of Equity 1.99b / Total Liabilities 955.6m) |
| Altman-Z'' Score: 0.13 = B |
Beneish M 1.00
| DSRI: 1.27 (Receivables 135.1m/387.3m, Revenue 913.0m/3.33b) |
| GMI: 5.99 (GM 4.36% / 26.13%) |
| AQI: 2.06 (AQ_t 0.06 / AQ_t-1 0.03) |
| SGI: 0.27 (Revenue 913.0m / 3.33b) |
| TATA: -0.62 (NI -602.9m - CFO 1.48b) / TA 3.34b) |
| Beneish M-Score: 1.18 (Cap -4..+1) = D |
What is the price of BTE shares?
As of March 28, 2026, the stock is trading at USD 4.33 with a total of 25,041,373 shares traded.
Over the past week, the price has changed by +5.35%, over one month by +13.21%, over three months by +37.14% and over the past year by +95.76%.
Over the past week, the price has changed by +5.35%, over one month by +13.21%, over three months by +37.14% and over the past year by +95.76%.
Is BTE a buy, sell or hold?
Baytex Energy has received a consensus analysts rating of 3.60.
Therefor, it is recommend to hold BTE.
- StrongBuy: 2
- Buy: 2
- Hold: 6
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the BTE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 4.3 | 0% |
| Analysts Target Price | 4.3 | 0% |
BTE Fundamental Data Overview March 27, 2026
Market Cap CAD = 4.51b (3.24b USD * 1.3892 USD.CAD)
P/E Forward = 192.3077
P/S = 2.1906
P/B = 1.7782
P/EG = -0.98
Revenue TTM = 913.0m CAD
EBIT TTM = 202.1m CAD
EBITDA TTM = 723.3m CAD
Long Term Debt = 95.0m CAD (from longTermDebt, last quarter)
Short Term Debt = 7.17m CAD (from shortTermDebt, last quarter)
Debt = 117.9m CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = -834.4m CAD (from netDebt column, last quarter)
Enterprise Value = 3.67b CAD (4.51b + Debt 117.9m - CCE 952.3m)
Interest Coverage Ratio = 0.93 (Ebit TTM 202.1m / Interest Expense TTM 217.4m)
EV/FCF = 14.91x (Enterprise Value 3.67b / FCF TTM 246.3m)
FCF Yield = 6.71% (FCF TTM 246.3m / Enterprise Value 3.67b)
FCF Margin = 26.98% (FCF TTM 246.3m / Revenue TTM 913.0m)
Net Margin = -66.03% (Net Income TTM -602.9m / Revenue TTM 913.0m)
Gross Margin = 4.36% ((Revenue TTM 913.0m - Cost of Revenue TTM 873.2m) / Revenue TTM)
Gross Margin QoQ = none% (prev 22.22%)
Tobins Q-Ratio = 1.10 (Enterprise Value 3.67b / Total Assets 3.34b)
Interest Expense / Debt = 79.87% (Interest Expense 94.2m / Debt 117.9m)
Taxrate = 21.0% (US default 21%)
NOPAT = 159.7m (EBIT 202.1m * (1 - 21.00%))
Current Ratio = 3.61 (Total Current Assets 1.19b / Total Current Liabilities 329.9m)
Debt / Equity = 0.05 (Debt 117.9m / totalStockholderEquity, last quarter 2.39b)
Debt / EBITDA = -1.15 (Net Debt -834.4m / EBITDA 723.3m)
Debt / FCF = -3.39 (Net Debt -834.4m / FCF TTM 246.3m)
Total Stockholder Equity = 3.72b (last 4 quarters mean from totalStockholderEquity)
RoA = -10.86% (Net Income -602.9m / Total Assets 3.34b)
RoE = -16.22% (Net Income TTM -602.9m / Total Stockholder Equity 3.72b)
RoCE = 5.30% (EBIT 202.1m / Capital Employed (Equity 3.72b + L.T.Debt 95.0m))
RoIC = 3.01% (NOPAT 159.7m / Invested Capital 5.30b)
WACC = 9.73% (E(4.51b)/V(4.62b) * Re(9.98%) + (debt cost/tax rate unavailable))
Discount Rate = 9.98% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.99%
[DCF] Terminal Value 71.62% ; FCFF base≈385.3m ; Y1≈369.5m ; Y5≈360.5m
[DCF] Fair Price = 7.70 (EV 4.85b - Net Debt -834.4m = Equity 5.68b / Shares 738.3m; r=9.73% [WACC]; 5y FCF grow -5.46% → 3.0% )
EPS Correlation: -41.47 | EPS CAGR: -13.26% | SUE: -0.83 | # QB: 0
Revenue Correlation: -38.72 | Revenue CAGR: -57.95% | SUE: -2.08 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.08 | Chg7d=+0.070 | Chg30d=+0.070 | Revisions Net=+0 | Analysts=1
EPS current Year (2026-12-31): EPS=0.20 | Chg7d=+0.195 | Chg30d=-0.070 | Revisions Net=+1 | Growth EPS=+201.5% | Growth Revenue=-62.8%
EPS next Year (2027-12-31): EPS=0.21 | Chg7d=+0.140 | Chg30d=+0.185 | Revisions Net=+0 | Growth EPS=+4.9% | Growth Revenue=+10.0%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Current Year)
P/E Forward = 192.3077
P/S = 2.1906
P/B = 1.7782
P/EG = -0.98
Revenue TTM = 913.0m CAD
EBIT TTM = 202.1m CAD
EBITDA TTM = 723.3m CAD
Long Term Debt = 95.0m CAD (from longTermDebt, last quarter)
Short Term Debt = 7.17m CAD (from shortTermDebt, last quarter)
Debt = 117.9m CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = -834.4m CAD (from netDebt column, last quarter)
Enterprise Value = 3.67b CAD (4.51b + Debt 117.9m - CCE 952.3m)
Interest Coverage Ratio = 0.93 (Ebit TTM 202.1m / Interest Expense TTM 217.4m)
EV/FCF = 14.91x (Enterprise Value 3.67b / FCF TTM 246.3m)
FCF Yield = 6.71% (FCF TTM 246.3m / Enterprise Value 3.67b)
FCF Margin = 26.98% (FCF TTM 246.3m / Revenue TTM 913.0m)
Net Margin = -66.03% (Net Income TTM -602.9m / Revenue TTM 913.0m)
Gross Margin = 4.36% ((Revenue TTM 913.0m - Cost of Revenue TTM 873.2m) / Revenue TTM)
Gross Margin QoQ = none% (prev 22.22%)
Tobins Q-Ratio = 1.10 (Enterprise Value 3.67b / Total Assets 3.34b)
Interest Expense / Debt = 79.87% (Interest Expense 94.2m / Debt 117.9m)
Taxrate = 21.0% (US default 21%)
NOPAT = 159.7m (EBIT 202.1m * (1 - 21.00%))
Current Ratio = 3.61 (Total Current Assets 1.19b / Total Current Liabilities 329.9m)
Debt / Equity = 0.05 (Debt 117.9m / totalStockholderEquity, last quarter 2.39b)
Debt / EBITDA = -1.15 (Net Debt -834.4m / EBITDA 723.3m)
Debt / FCF = -3.39 (Net Debt -834.4m / FCF TTM 246.3m)
Total Stockholder Equity = 3.72b (last 4 quarters mean from totalStockholderEquity)
RoA = -10.86% (Net Income -602.9m / Total Assets 3.34b)
RoE = -16.22% (Net Income TTM -602.9m / Total Stockholder Equity 3.72b)
RoCE = 5.30% (EBIT 202.1m / Capital Employed (Equity 3.72b + L.T.Debt 95.0m))
RoIC = 3.01% (NOPAT 159.7m / Invested Capital 5.30b)
WACC = 9.73% (E(4.51b)/V(4.62b) * Re(9.98%) + (debt cost/tax rate unavailable))
Discount Rate = 9.98% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.99%
[DCF] Terminal Value 71.62% ; FCFF base≈385.3m ; Y1≈369.5m ; Y5≈360.5m
[DCF] Fair Price = 7.70 (EV 4.85b - Net Debt -834.4m = Equity 5.68b / Shares 738.3m; r=9.73% [WACC]; 5y FCF grow -5.46% → 3.0% )
EPS Correlation: -41.47 | EPS CAGR: -13.26% | SUE: -0.83 | # QB: 0
Revenue Correlation: -38.72 | Revenue CAGR: -57.95% | SUE: -2.08 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.08 | Chg7d=+0.070 | Chg30d=+0.070 | Revisions Net=+0 | Analysts=1
EPS current Year (2026-12-31): EPS=0.20 | Chg7d=+0.195 | Chg30d=-0.070 | Revisions Net=+1 | Growth EPS=+201.5% | Growth Revenue=-62.8%
EPS next Year (2027-12-31): EPS=0.21 | Chg7d=+0.140 | Chg30d=+0.185 | Revisions Net=+0 | Growth EPS=+4.9% | Growth Revenue=+10.0%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Current Year)