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

COMMON STOCK | Oil & Gas E&P | TSX

Last Closing Price

CAD 2.05

Change

-0.16 (-7.24)%

Market Cap

CAD 1.25B

Volume

3.85M

Avg Analyst Target

CAD 2.01 (-1.92%)

Avg User Target

CAD
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: 2021-08-04 )

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

CAD56.14B 11.64 0.62
CNQ:CA Canadian Natural Resources Lim..

-1.27 (-3.04%)

CAD49.44B 22.26 7.60
TOU:CA Tourmaline Oil Corp

-0.69 (-2.02%)

CAD10.23B 7.53 4.83
OVV:CA Ovintiv Inc

-1.31 (-4.08%)

CAD8.37B 3.13 3.76
ARX:CA ARC Resources Ltd

-0.30 (-3.28%)

CAD6.62B 37.77 4.70
WCP:CA Whitecap Resources Inc

-0.33 (-5.82%)

CAD3.58B 7.25 5.12
PSK:CA PrairieSky Royalty Ltd

-0.59 (-4.19%)

CAD3.13B 45.53 17.09
VII:CA Seven Generations Energy Ltd

N/A

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

-0.36 (-7.48%)

CAD2.80B 1.24 0.75
PXT:CA Parex Resources Inc

-0.86 (-4.23%)

CAD2.54B 14.84 6.80

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 197.10% 80% B- 99% A+
Dividend Return N/A N/A N/A N/A N/A
Total Return 197.10% 64% D 98% A+
Trailing 12 Months  
Capital Gain 205.97% 65% D 96% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 205.97% 63% D 96% A
Trailing 5 Years  
Capital Gain -66.83% 23% F 7% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -66.83% 18% F 6% F
Average Annual (5 Year Horizon)  
Capital Gain -7.27% 31% F 8% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -7.27% 31% F 7% F
Risk Return Profile  
Volatility (Standard Deviation) 94.68% 42% F 8% F
Risk Adjusted Return -7.67% 33% F 13% F
Market Capitalization 1.25B 76% C 69% 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 1.03 88% B+ 96% A
Price/Book Ratio 0.76 72% C- 88% B+
Price / Cash Flow Ratio 3.53 67% D+ 69% D+
EV/EBITDA 1.48 92% A- 97% A+
Management Effectiveness  
Return on Equity 119.89% 98% A+ 99% A+
Return on Invested Capital 0.30% 65% D 44% F
Return on Assets -39.30% 2% F 3% F
Debt to Equity Ratio 308.21% 2% F 7% F
Technical Ratios  
Short Ratio 6.33 16% F 20% F
Short Percent 4.31% 10% F 43% F
Beta 3.74 13% 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

No discussions yet

User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

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:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning 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.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters then its peers, placing it in the top quartile.

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.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

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.

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