Baytex Energy Corp Stock Buy Hold or Sell Recommendation
| BTE Stock | USD 3.02 0.02 0.67% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Baytex Energy Corp is 'Cautious Hold'. Macroaxis provides Baytex Energy buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding BTE positions.
Check out Baytex Energy Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Baytex and provide practical buy, sell, or hold advice based on investors' constraints. Baytex Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Baytex |
Execute Baytex Energy Buy or Sell Advice
The Baytex recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Baytex Energy Corp. Macroaxis does not own or have any residual interests in Baytex Energy Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Baytex Energy's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Moderately volatile | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Baytex Energy Trading Alerts and Improvement Suggestions
| Baytex Energy Corp generated a negative expected return over the last 90 days | |
| Baytex Energy Corp has 2.44 B in debt with debt to equity (D/E) ratio of 4.72, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Baytex Energy Corp has a current ratio of 0.67, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Baytex to invest in growth at high rates of return. | |
| The entity reported the last year's revenue of 3.38 B. Reported Net Loss for the year was (233.36 M) with profit before taxes, overhead, and interest of 1.67 B. | |
| Baytex Energy Corp has a poor financial position based on the latest SEC disclosures | |
| On 1st of October 2024 Baytex Energy paid $ 0.0163 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: The Week in Canadian Press Releases 10 Stories You Need to See |
Baytex Energy Returns Distribution Density
The distribution of Baytex Energy's historical returns is an attempt to chart the uncertainty of Baytex Energy's future price movements. The chart of the probability distribution of Baytex Energy daily returns describes the distribution of returns around its average expected value. We use Baytex Energy Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Baytex Energy returns is essential to provide solid investment advice for Baytex Energy.
| Mean Return | -0.17 | Value At Risk | -4.5 | Potential Upside | 3.48 | Standard Deviation | 2.60 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Baytex Energy historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Baytex Stock Institutional Investors
| Shares | Bank Of Montreal | 2024-06-30 | 4.2 M | Bmo Capital Markets Corp. | 2024-06-30 | 4.2 M | Goldman Sachs Group Inc | 2024-06-30 | 4.1 M | Two Sigma Investments Llc | 2024-09-30 | 3.5 M | Cibc Global Asset Management Inc | 2024-09-30 | 2.8 M | Royce & Associates, Lp | 2024-09-30 | 2.6 M | Fmr Inc | 2024-09-30 | 2.5 M | Scotia Capital Inc | 2024-06-30 | 2.4 M | Charles Schwab Investment Management Inc | 2024-09-30 | 2.2 M | Ninepoint Partners Lp | 2024-09-30 | 38.8 M | Vanguard Group Inc | 2024-09-30 | 28 M |
Baytex Energy Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 106.1M | 5.6M | (5.6M) | 5.5M | 50.4M | 52.9M | |
| Free Cash Flow | 278.4M | 70.5M | 396.6M | 648.8M | 239.6M | 251.6M | |
| Depreciation | 937.3M | 2.9B | (985.8M) | 587.1M | 2.0B | 2.1B | |
| Other Non Cash Items | 14.8M | 23.6M | 24.8M | (330.7M) | 13.6M | 12.9M | |
| Capital Expenditures | 556.5M | 282.6M | 315.8M | 524.0M | 1.1B | 1.1B | |
| Net Income | (12.5M) | (2.4B) | 1.6B | 855.6M | (233.4M) | (221.7M) | |
| End Period Cash Flow | 106.1M | 5.6M | 1.4M | 5.5M | 55.8M | 58.6M | |
| Investments | (617.5M) | (314.5M) | (310.8M) | (489.0M) | (1.5B) | (1.4B) | |
| Net Borrowings | (211.9M) | (44.2M) | (401.6M) | (517.3M) | (465.6M) | (442.3M) | |
| Change To Netincome | (45.5M) | 2.2B | 170.7M | (80.3M) | (92.4M) | (87.7M) |
Baytex Energy Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Baytex Energy or Oil, Gas & Consumable Fuels sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Baytex Energy's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Baytex stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.25 | |
β | Beta against Dow Jones | 0.58 | |
σ | Overall volatility | 2.56 | |
Ir | Information ratio | -0.11 |
Baytex Energy Volatility Alert
Baytex Energy Corp exhibits very low volatility with skewness of -0.34 and kurtosis of 0.33. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Baytex Energy's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Baytex Energy's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Baytex Energy Fundamentals Vs Peers
Comparing Baytex Energy's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Baytex Energy's direct or indirect competition across all of the common fundamentals between Baytex Energy and the related equities. This way, we can detect undervalued stocks with similar characteristics as Baytex Energy or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Baytex Energy's fundamental indicators could also be used in its relative valuation, which is a method of valuing Baytex Energy by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Baytex Energy to competition |
| Fundamentals | Baytex Energy | Peer Average |
| Return On Equity | -0.0805 | -0.31 |
| Return On Asset | -0.0042 | -0.14 |
| Profit Margin | (0.10) % | (1.27) % |
| Operating Margin | 0.28 % | (5.51) % |
| Current Valuation | 3.99 B | 16.62 B |
| Shares Outstanding | 787.33 M | 571.82 M |
| Shares Owned By Insiders | 0.83 % | 10.09 % |
| Shares Owned By Institutions | 40.99 % | 39.21 % |
| Number Of Shares Shorted | 58.67 M | 4.71 M |
| Price To Earning | 71.28 X | 28.72 X |
| Price To Book | 0.84 X | 9.51 X |
| Price To Sales | 0.71 X | 11.42 X |
| Revenue | 3.38 B | 9.43 B |
| Gross Profit | 1.67 B | 27.38 B |
| EBITDA | 691.14 M | 3.9 B |
| Net Income | (233.36 M) | 570.98 M |
| Cash And Equivalents | 33.95 M | 2.7 B |
| Cash Per Share | 0.06 X | 5.01 X |
| Total Debt | 2.44 B | 5.32 B |
| Debt To Equity | 4.72 % | 48.70 % |
| Current Ratio | 0.68 X | 2.16 X |
| Book Value Per Share | 5.05 X | 1.93 K |
| Cash Flow From Operations | 1.3 B | 971.22 M |
| Short Ratio | 4.04 X | 4.00 X |
| Earnings Per Share | (0.41) X | 3.12 X |
| Price To Earnings To Growth | (0.98) X | 4.89 X |
| Target Price | 7.5 | |
| Beta | 2.57 | -0.15 |
| Market Capitalization | 2.38 B | 19.03 B |
| Total Asset | 7.46 B | 29.47 B |
| Retained Earnings | (3.59 B) | 9.33 B |
| Working Capital | (118 M) | 1.48 B |
| Current Asset | 174.1 M | 9.34 B |
Baytex Energy Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Baytex . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Baytex Energy Buy or Sell Advice
When is the right time to buy or sell Baytex Energy Corp? Buying financial instruments such as Baytex Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Baytex Energy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Trading Thematic Idea Now
Trading
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Trading theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Trading Theme or any other thematic opportunities.
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Check out Baytex Energy Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Baytex Energy. If investors know Baytex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Baytex Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.544 | Dividend Share 0.09 | Earnings Share (0.41) | Revenue Per Share 4.112 | Quarterly Revenue Growth (0.08) |
The market value of Baytex Energy Corp is measured differently than its book value, which is the value of Baytex that is recorded on the company's balance sheet. Investors also form their own opinion of Baytex Energy's value that differs from its market value or its book value, called intrinsic value, which is Baytex Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Baytex Energy's market value can be influenced by many factors that don't directly affect Baytex Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Baytex Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Baytex Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Baytex Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.