Baytex Energy Corp Stock Today

BTE Stock  USD 3.02  0.02  0.67%   

Performance

0 of 100

 
Weak
 
Strong
Very Weak

Odds Of Distress

Less than 43

 
High
 
Low
Below Average
Baytex Energy is trading at 3.02 as of the 21st of November 2024, a 0.67% increase since the beginning of the trading day. The stock's lowest day price was 3.01. Baytex Energy has about a 43 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Baytex Energy Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of October 2024 and ending today, the 21st of November 2024. Click here to learn more.
Business Domain
Energy
IPO Date
27th of March 2006
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 in the United States. Baytex Energy Corp. was founded in 1993 and is headquartered in Calgary, Canada. The company has 787.33 M outstanding shares of which 58.67 M shares are currently shorted by investors with about 4.04 days to cover. More on Baytex Energy Corp

Moving together with Baytex Stock

  0.93SD SandRidge EnergyPairCorr

Moving against Baytex Stock

  0.37DMLP Dorchester MineralsPairCorr

Baytex Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEO PresidentEric Greager
Thematic Ideas
(View all Themes)
Business ConcentrationOil & Gas Exploration & Production, Oil & Gas E&P, Energy, NYSE Composite, SP TSX Composite, Dividend Beast, Petroleum and Natural Gas, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.290.4534
Way Down
Pretty Stable
Net Debt2.5 B2.4 B
Sufficiently Up
Slightly volatile
Total Current Liabilities585.9 M558 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total3.2 B3.1 B
Sufficiently Up
Slightly volatile
Total Assets7.8 B7.5 B
Sufficiently Up
Slightly volatile
Total Current Assets462 M440 M
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities1.4 B1.3 B
Sufficiently Up
Slightly volatile
Debt Levels
Baytex Energy can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Baytex Energy's financial leverage. It provides some insight into what part of Baytex Energy's total assets is financed by creditors.
Liquidity
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.

Change In Cash

52.87 Million
Baytex Energy Corp (BTE) is traded on New York Stock Exchange in USA. It is located in Centennial Place, East Tower, Calgary, AB, Canada, T2P 0R3 and employs 21 people. Baytex Energy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 2.36 B. Baytex Energy Corp runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 787.33 M outstanding shares of which 58.67 M shares are currently shorted by investors with about 4.04 days to cover. Baytex Energy Corp has about 33.95 M in cash with 1.3 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06.
Check Baytex Energy Probability Of Bankruptcy
Ownership Allocation
Baytex Energy holds a total of 787.33 Million outstanding shares. 30% of Baytex Energy Corp outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Baytex Ownership Details

Baytex Stock Institutional Holders

InstituionRecorded OnShares
Bank Of Montreal2024-06-30
4.2 M
Bmo Capital Markets Corp.2024-06-30
4.2 M
Goldman Sachs Group Inc2024-06-30
4.1 M
Two Sigma Investments Llc2024-06-30
2.9 M
Cibc Global Asset Management Inc2024-09-30
2.8 M
Royce & Associates, Lp2024-09-30
2.6 M
Fmr Inc2024-09-30
2.5 M
Scotia Capital Inc2024-06-30
2.4 M
Charles Schwab Investment Management Inc2024-09-30
2.2 M
Ninepoint Partners Lp2024-09-30
38.8 M
Vanguard Group Inc2024-09-30
28 M
View Baytex Energy Diagnostics

Baytex Energy Historical Income Statement

At present, Baytex Energy's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 3.6 B, whereas Operating Income is projected to grow to (2.1 B). View More Fundamentals

Baytex Stock Against Markets

Baytex Energy Corporate Directors

Don HrapIndependent DirectorProfile
Naveen DarganIndependent DirectorProfile
Trudy CurranIndependent DirectorProfile
David PearceIndependent DirectorProfile
When determining whether Baytex Energy Corp is a strong investment it is important to analyze Baytex Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Baytex Energy's future performance. For an informed investment choice regarding Baytex Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 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.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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.