BTE:CA:TSX-Baytex Energy Corp (CAD)

COMMON STOCK | Oil & Gas E&P | TSX

Last Closing Price

CAD 1.24

Change

-0.04 (-3.13)%

Market Cap

CAD 0.72B

Volume

1.60M

Average Target Price

CAD 1.30 (+4.84%)
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

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 Eagle Ford, 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 include the Eagle Ford property in Texas, Viking and Lloydminster properties in Alberta and Saskatchewan, Peace River and Duvernay properties in Alberta. As of December 31, 2020, it had proved developed producing reserves of 120 million barrels of oil equivalent (mmboe); proved reserves of 271 mmboe; and proved plus probable reserves of 462 mmboe. Baytex Energy Corp. was founded in 1993 and is headquartered in Calgary, Canada.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-04-22 )

Largest Industry Peers for Oil & Gas E&P

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
CNU:CA CNOOC Limited

N/A

CAD64.72B 12.04 0.68
CNQ:CA Canadian Natural Resources Lim..

-0.46 (-1.24%)

CAD44.14B 695.33 11.11
OVV:CA Ovintiv Inc

-0.10 (-0.36%)

CAD7.27B 3.13 3.76
TOU:CA Tourmaline Oil Corp

+0.11 (+0.46%)

CAD7.02B 10.43 5.00
ARX:CA ARC Resources Ltd

-0.11 (-1.46%)

CAD5.44B 17.30 11.50
WCP:CA Whitecap Resources Inc

-0.02 (-0.37%)

CAD3.17B 30.85 5.99
PSK:CA PrairieSky Royalty Ltd

-0.24 (-1.86%)

CAD2.89B 72.58 21.63
PXT:CA Parex Resources Inc

-0.19 (-0.87%)

CAD2.83B 24.75 8.60
VII:CA Seven Generations Energy Ltd

N/A

CAD2.82B 1.96 14.01
CPG:CA Crescent Point Energy Corp

+0.04 (+0.88%)

CAD2.43B N/A 4.07

ETFs Containing BTE:CA

Symbol Name Weight Mer Price(Change) Market Cap

N/A

Market Performance

  Market Performance vs.
Industry/Classification (Oil & Gas E&P)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 79.71% 74% C 97% A+
Dividend Return N/A N/A N/A N/A N/A
Total Return 79.71% 74% C 97% A+
Trailing 12 Months  
Capital Gain 222.08% 74% C 94% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 222.08% 72% C- 94% A
Trailing 5 Years  
Capital Gain -81.21% 14% F 3% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -81.21% 10% F 3% F
Average Annual (5 Year Horizon)  
Capital Gain -28.99% 16% F 2% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -28.99% 8% F 1% F
Risk Return Profile  
Volatility (Standard Deviation) 57.55% 55% F 14% F
Risk Adjusted Return -50.37% 18% F 5% F
Market Capitalization 0.72B 65% D 62% D-
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Oil & Gas E&P)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 80.80 20% F 9% F
Price/Book Ratio 1.28 37% F 65% D
Price / Cash Flow Ratio 2.04 81% B- 75% C
EV/EBITDA 2.80 83% B 94% A
Management Effectiveness  
Return on Equity -138.36% 10% F 4% F
Return on Invested Capital 0.30% 67% D+ 44% F
Return on Assets -33.26% 2% F 4% F
Debt to Equity Ratio 308.21% 2% F 7% F
Technical Ratios  
Short Ratio 5.06 20% F 17% F
Short Percent N/A N/A N/A N/A N/A
Beta 3.67 11% F 1% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced on cashflow basis

The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector