BTE Baytex Energy Corp

InvestingPro's Fair Value model identified Baytex Energy Corp. (NYSE:BTE) as significantly undervalued in June 2025, leading to a 67% return for investors who acted on the analysis. The stock surged from $1.87 to $3.12, driven by strategic moves like asset sales and debt reduction. This success highlights InvestingPro's tool for identifying mispriced stocks and informing investment decisions.

Baytex Energy Director Mark Bly purchased 20,000 shares of TSE:BTE on December 24th at C$4.50 per share, increasing his total holdings to 575,638 shares valued at approximately C$2.59 million. The company recently declared a quarterly dividend of $0.0225 per share, representing a 2.1% yield. Analysts currently rate Baytex Energy as a "Moderate Buy" with a consensus target price of C$4.79.

TD Securities has increased its price target for Baytex Energy (TSE:BTE) to C$5.00 from C$4.75, maintaining a "buy" rating, which suggests a 15.47% upside. Other analysts have also upgraded Baytex, contributing to a "Moderate Buy" consensus rating and an average price target of C$4.79. The company recently traded at C$4.33 with a market cap of C$3.33 billion.

Baytex Energy (TSX:BTE) shares have rebounded 26% in three months despite weaker revenue and net income, making valuation a key focus. While some analytics suggest the stock is 14.3% undervalued, other metrics like the P/E ratio, which is above the industry average, indicate it might be overvalued. Investors are now left to determine if the market has already factored in future growth or if there's still a discount available.

Baytex Energy Corp. announced a capital budget of $550 million to $625 million for 2026, aiming to increase production by three to five percent. The company's spending will be split between light and heavy oil assets, with projected production averaging 68,000 to 69,000 barrels of oil equivalent per day in Q1 2026. Additionally, Chad Lundberg will assume the role of president alongside his duties as chief operating officer.

Baytex Energy Corp. has declared a quarterly cash dividend of CDN$0.0225 per share, payable on January 2, 2025, to shareholders of record on December 13, 2024. The dividend, approximately US$0.0163 per share, is designated an "eligible dividend" for Canadian tax purposes and a "qualified dividend" for U.S. income tax purposes. Baytex is an energy company engaged in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States.