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Baytex Energy Corp. (BTE.TO)

CAD5.73 -0.24 (-4.02%)
CA TSX Energy Oil & Gas Exploration & Production
Address Centennial Place, East Tower T2P 0R3
Calgary, AB, CA
CEO Eric Thomas Greager
IPO 1996-03-21
ISIN CA07317Q1054

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Also trades on New York Stock Exchange · BTE (USD) Other OTC · BTEGF (USD) Toronto Stock Exchange · BTE.TO (CAD)
Description

Baytex Energy Corp. is an energy company primarily focused on the acquisition, exploration, development, and extraction of crude oil and natural gas. Its operations are centered in North America, specifically spanning the Western Canadian Sedimentary Basin and various regions of Texas in the United States. The company's diverse product offerings include light crude oil, condensate, heavy oil, natural gas liquids, and natural gas. Among its key assets are the Eagle Ford play in Texas, the Viking and Lloydminster developments located in Alberta and Saskatchewan, and the Peace River and Duvernay properties within Alberta. Additionally, Baytex manages conventional oil and gas holdings across Western Canada. As of December 31, 2021, the company reported significant reserves: 129 million barrels of oil equivalent (mmboe) as proved developed producing, 278 mmboe as total proved reserves, and a combined 451 mmboe in proved plus probable reserves. Established in 1993, Baytex Energy Corp. maintains its corporate headquarters in Calgary, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD5.73 -0.24 (-4.02%)
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Volume Profile
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Liquidity & share structure
Average Volume
6M
Beta
0.57
Float Shares
682.59M
Free Float %
92.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.30% -2.50% +15.73% +36.78% +82.87% +49.10% +168.02% +49.44% +278.29% +11.82% -20.91%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (15 ratings, all time) Buy
Price Targets & DCF
Current price
5.73
DCF (Unlevered) 5.65 -1.5%
DCF (Levered) 5.78 +0.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 55% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 3 0
Hold 4 -2
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
1.43
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Oil & Gas Exploration & Production: +0.0%
    -64.8% Q1'26: -59.8% (vs Q1'25)
  • EPS growth Oil & Gas Exploration & Production: +11.9%
    -369.0% Q1'26: -200.1% (vs Q1'25)
  • FCF margin FCF growth · Oil & Gas Exploration & Production: +19.3%
    -6.5% Q1'26: -7.4% (vs Q1'25)
  • EBIT margin Oil & Gas Exploration & Production: +22.0%
    +15.3% Q1'26: +11.6% (vs Q1'25)
  • ROIC Oil & Gas Exploration & Production: +5.1%
    +14.6% Q1'26: +9.4% (vs Q1'25)
  • Share dilution Oil & Gas Exploration & Production: +0.0%
    -4.8% Q1'26: -3.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Oil & Gas Exploration & Production: 0.70×
    0.16× Q1'26: 0.21× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.69) × ERP
WACC = 98% × Ke + 2% × Kd (184.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 5.65 Current price: 5.73
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
3 EPS Ana.
Dec 2027
4 Rev. Ana.
3 EPS Ana.
Dec 2028
2 Rev. Ana.
1 EPS Ana.
Dec 2029
3 Rev. Ana.
1 EPS Ana.
Dec 2030
3 Rev. Ana.
1 EPS Ana.
Revenue
1.31B
est: 1.12B (+17.2%)
1.02B
est: 1.18B (-13.4%)
1.12B
est: 1.31B (-14.7%)
1.53B
est: 1.78B (-14.2%)
1.13B
est: 1.14B (-0.6%)
780.10M
est: 749.41M (+4.1%)
1.09B
est: 1.06B (+3.2%)
1.43B
est: 1.36B (+4.7%)
1.81B
est: 1.63B (+11.0%)
975.48M
est: 923.65M (+5.6%)
1.87B
est: 1.60B (+16.7%)
2.89B
est: 2.53B (+14.1%)
2.71B
est: 3.43B (-20.9%)
4.21B
est: 3.85B (+9.4%)
1.48B
est: 3.17B (-53.2%)
1.70B
1.52B – 1.81B
-46.3% YoY
1.58B
1.29B – 1.81B
-7.2% YoY
3.29B
2.83B – 3.63B
+108.6% YoY
2.15B
1.84B – 2.36B
-34.8% YoY
2.35B
2.02B – 2.59B
+9.7% YoY
EBITDA
562.65M
est: 517.56M (+8.7%)
721.38M
est: 484.00M (+49.0%)
596.94M
est: 774.64M (-22.9%)
628.19M
est: 675.06M (-6.9%)
-704.28M
est: 354.28M (-298.8%)
-135.28M
est: -650.27M (+79.2%)
526.31M
est: -502.90M (+204.7%)
250.69M
est: 655.30M (-61.7%)
778.63M
est: -46.32M (+1,781.1%)
-1.99B
est: 333.67M (-696.7%)
2.27B
est: 383.60M (+491.4%)
1.58B
est: 15.17M (+10,318.2%)
691.15M
est: 1.90B (-63.6%)
2.00B
est: 2.06B (-2.5%)
730.33M
est: 1.76B (-58.4%)
943.16M
842.49M – 1.00B
-46.3% YoY
875.20M
717.49M – 1.00B
-7.2% YoY
1.83B
1.57B – 2.01B
+108.6% YoY
1.19B
1.02B – 1.31B
-34.8% YoY
1.30B
1.12B – 1.44B
+9.7% YoY
EBIT
314.18M
est: 172.72M (+81.9%)
416.09M
est: 313.59M (+32.7%)
258.73M
est: 207.15M (+24.9%)
84.37M
est: 355.15M (-76.2%)
-1.38B
est: -61.59M (-2,146.6%)
-654.10M
est: -861.70M (+24.1%)
31.23M
est: -973.96M (+103.2%)
-318.90M
est: -87.68M (-263.7%)
33.23M
est: -318.17M (+110.4%)
-2.49B
est: -17.31M (-14,301.3%)
1.79B
est: -19.90M (+9,103.7%)
977.59M
est: -786.9K (+124,330.3%)
-356.76M
est: 1.00B (-135.6%)
596.09M
est: 1.08B (-45.0%)
226.29M
est: 924.93M (-75.5%)
497.05M
444.00M – 529.24M
-46.3% YoY
461.24M
378.13M – 527.49M
-7.2% YoY
961.93M
826.65M – 1.06B
+108.6% YoY
626.80M
538.65M – 690.22M
-34.8% YoY
687.72M
591.01M – 757.30M
+9.7% YoY
Net Income
217.43M
est: 211.70M (+2.7%)
258.63M
est: 230.39M (+12.3%)
164.85M
est: 285.85M (-42.3%)
-132.81M
est: 227.74M (-158.3%)
-1.13B
est: -79.41M (-1,327.6%)
-485.18M
est: -745.75M (+34.9%)
87.17M
est: -689.87M (+112.6%)
-325.31M
est: 115.11M (-382.6%)
-12.46M
est: -402.30M (+96.9%)
-2.44B
est: -6.93M (-35,097.6%)
1.61B
est: -7.97M (+20,355.2%)
855.61M
est: -315.0K (+271,709.4%)
-233.36M
est: -408.55M (+42.9%)
236.60M
est: 367.88M (-35.7%)
-603.78M
est: 141.01M (-528.2%)
193.55M
174.13M – 241.12M
+37.3% YoY
149.21M
145.18M – 153.24M
-22.9% YoY
-97.07M
-109.84M – -79.33M
-165.1% YoY
23.08M
18.86M – 26.11M
+123.8% YoY
392.28M
320.56M – 443.88M
+1,600.0% YoY
SGA
73.18M
est: 282.14M (-74.1%)
81.33M
est: 342.31M (-76.2%)
77.80M
est: 319.01M (-75.6%)
87.42M
est: 326.96M (-73.3%)
74.75M
est: 137.11M (-45.5%)
64.75M
est: 107.62M (-39.8%)
62.90M
est: 145.92M (-56.9%)
65.36M
est: 206.30M (-68.3%)
61.36M
est: 211.54M (-71.0%)
43.74M
est: 96.83M (-54.8%)
51.93M
est: 111.32M (-53.3%)
79.33M
est: 4.40M (+1,702.1%)
107.49M
est: 123.83M (-13.2%)
99.62M
est: 133.99M (-25.7%)
91.94M
est: 114.41M (-19.6%)
61.48M
54.92M – 65.46M
-46.3% YoY
57.05M
46.77M – 65.25M
-7.2% YoY
118.98M
102.25M – 131.02M
+108.6% YoY
77.53M
66.63M – 85.37M
-34.8% YoY
85.06M
73.10M – 93.67M
+9.7% YoY
EPS
1.88
est: 1.94 (-3.1%)
2.16
est: 2.21 (-2.4%)
1.33
est: 1.42 (-6.3%)
-0.89
est: 2.13 (-141.8%)
-5.72
est: -3.94 (-45.2%)
-2.29
est: -0.74 (-210.1%)
0.37
est: -0.08 (+551.7%)
-0.93
est: -0.39 (-139.1%)
-0.02
est: 0.25 (-109.1%)
-4.35
est: -4.73 (+8.1%)
2.86
est: 1.97 (+45.4%)
1.53
est: 1.04 (+46.9%)
-0.33
est: -0.49 (+32.8%)
0.29
est: 0.43 (-33.1%)
-0.78
est: 0.18 (-525.5%)
0.28
0.23 – 0.31
+51.1% YoY
0.19
0.19 – 0.20
-30.0% YoY
-0.13
-0.14 – -0.10
-165.1% YoY
0.03
0.02 – 0.03
+123.8% YoY
0.51
0.42 – 0.58
+1,600.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-07 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-06 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-05 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-04 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-01 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-30 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-29 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-28 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-27 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-04-24 C+ 2/5 4/5 1/5 1/5 2/5 1/5 3/5
2026-04-23 C+ 2/5 4/5 1/5 1/5 2/5 1/5 3/5
2026-04-22 C+ 2/5 4/5 1/5 1/5 2/5 1/5 3/5
2026-04-21 C+ 2/5 4/5 1/5 1/5 2/5 1/5 3/5
2026-04-20 C+ 2/5 4/5 1/5 1/5 2/5 1/5 3/5
2026-04-17 C+ 2/5 4/5 1/5 1/5 2/5 1/5 3/5
2026-04-16 C+ 2/5 4/5 1/5 1/5 2/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-5.96B
OE per share TTM
-7.81
Owner's Yield
-120.56%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
214.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 70 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares S&P/TSX SmallCap Index ETF XCS.TO 1.18% 2.03M 0.60%
2 Cambria Foreign Shareholder Yield ETF FYLD 0.99% 6.60M 0.59%
3 iShares S&P/TSX Capped Energy Index ETF XEG.TO 0.92% 15.50M 0.60%
4 T. Rowe Price Natural Resources ETF TURF 0.57% 1.25M 0.44%
5 Vident International Equity Strategy ETF VIDI 0.57% 2.24M 0.61%
6 iShares Oil & Gas Exploration & Production UCITS ETF IOGP.L 0.38% 1.54M 0.55%
7 iShares S&P/TSX Completion Index ETF XMD.TO 0.36% 2.02M 0.60%
8 Dimensional - International Small Cap Value ETF DISV 0.35% 16.45M 0.42%
9 Avantis International Small Cap Value ETF AVDV 0.33% 61.87M 0.36%
10 Schwab Fundamental International Small Company Index ETF FNDC 0.20% 5.95M 0.39%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
611.6K
Shares Outstanding
740.10M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Eric Thomas Greager CEO & Director 2M male
Chad E. Lundberg President & COO 914.2K male
Chad L. Kalmakoff Executive Vice President & Chief Financial Officer 901.0K male
Kendall D. Arthur Senior Vice President & GM of Canadian Heavy Oil Operations 775.0K male
James Maclean Chief Legal Officer & Corporate Secretary 737.0K male
Brian G. Ector Senior Vice President of Capital Markets & Investor Relations 570.8K male
Chris Lessoway Vice President of Finance & Treasurer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits