BTE:TSX-Baytex Energy Corp (CAD)

COMMON STOCK | Oil & Gas E&P | TSX

Last Closing Price

CAD 6.55

Change

+0.33 (+5.31)%

Market Cap

CAD 3.54B

Volume

5.91M

Avg Analyst Target

CAD 6.33 (-3.36%)

Avg User Target

CAD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict


Baytex Energy Corp (BTE) Stock Analysis:
Based on the Baytex Energy Corp stock forecasts from 9 analysts, the average analyst target price for Baytex Energy Corp is CAD 6.33 over the next 12 months. Baytex Energy Corp’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Baytex Energy Corp is Slightly Bullish , which is based on 7 positive signals and 5 negative signals. At the last closing, Baytex Energy Corp’s stock price was CAD 6.55. Baytex Energy Corp’s stock price has changed by +7.91% over the past week, +3.15% over the past month and +267.98% over the last year.

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 Texas, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. Its princ ...Read More

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2022-05-16 )

Largest Industry Peers for Oil & Gas E&P

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
CNQ:CA Canadian Natural Resources Lim..

+2.28 (+2.90%)

CAD93.39B 12.52 5.56
CNU:CA CNOOC Limited

N/A

CAD58.77B 5.65 0.75
TOU:CA Tourmaline Oil Corp

+1.22 (+1.77%)

CAD23.05B 10.75 6.84
OVV:CA Ovintiv Inc

-1.47 (-2.52%)

CAD15.05B 8.42 9.23
ARX:CA ARC Resources Ltd

+0.44 (+2.63%)

CAD11.39B 13.38 6.43
WCP:CA Whitecap Resources Inc

+0.24 (+2.36%)

CAD6.27B 2.66 1.90
MEG:CA MEG Energy Corp

+0.40 (+2.05%)

CAD5.99B 21.40 5.19
CPG:CA Crescent Point Energy Corp

+0.40 (+4.35%)

CAD5.28B 2.24 1.77
POU:CA Paramount Resources Ltd

+0.36 (+1.10%)

CAD4.60B 19.53 8.46
PSK:CA PrairieSky Royalty Ltd

+0.28 (+1.55%)

CAD4.32B 24.35 13.72

ETFs Containing BTE:CA

Symbol Name Weight Mer Price(Change) Market Cap
TGFI:CA TD Active Global Income E.. 2.22 % 0.62 %

N/A

CAD5.41M
TUHY:CA TD Active U.S. High Yield.. 2.14 % 0.62 %

N/A

CAD7.57M

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 67.52% 56% F 98% A+
Dividend Return N/A N/A N/A N/A N/A
Total Return 67.52% 56% F 98% A+
Trailing 12 Months  
Capital Gain 267.98% 87% B+ 99% A+
Dividend Return N/A N/A N/A N/A N/A
Total Return 267.98% 87% B+ 99% A+
Trailing 5 Years  
Capital Gain 48.53% 58% F 76% C
Dividend Return N/A N/A N/A N/A N/A
Total Return 48.53% 56% F 72% C-
Average Annual (5 Year Horizon)  
Capital Gain 81.33% 74% C 97% A+
Dividend Return N/A N/A N/A N/A N/A
Total Return 81.33% 74% C 97% A+
Risk Return Profile  
Volatility (Standard Deviation) 208.85% 25% F 2% F
Risk Adjusted Return 38.94% 49% F 47% F
Market Capitalization 3.54B 80% B- 81% B-
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 2.10 87% B+ 92% A-
Price/Book Ratio 1.58 50% F 46% F
Price / Cash Flow Ratio 4.97 71% C- 60% D-
EV/EBITDA 2.22 81% B- 92% A-
Management Effectiveness  
Return on Equity 122.76% 96% A 99% A+
Return on Invested Capital 66.71% 87% B+ 98% A+
Return on Assets 3.74% 26% F 65% D
Debt to Equity Ratio 62.39% 18% F 44% F
Technical Ratios  
Dividend Yield N/A N/A N/A N/A N/A
Short Ratio 2.85 44% F 39% F
Short Percent 4.12% 6% F 42% F
Beta 3.52 17% F 2% 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 Ratings

Target Price Action Rating Action Analyst Rating Price Date

Discussions

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 than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than 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.

Overpriced compared to book value

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

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

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.