BTE
Baytex Energy Corp
NYSEUSDEQUITY
Energy
DELAYED
Last price
4.88
▲ 0.06 (1.24%)
MARKET · —
Price
Open
4.86
Prev close
4.82
Day high
4.90
Day low
4.78
Volume
11.13M
Market cap
$3.36B
P/E (TTM)
—
52W range
2.10 – 5.36
Trailing performance
Returnvs SPY
1W
+10.07%
+11.4%
1M
+9.57%
+5.8%
3M
-5.87%
-9.0%
6M
+27.59%
+16.5%
YTD
+48.92%
+36.6%
1Y
+144.16%
+124.2%
3Y
+23.65%
-50.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$3.36B
Enterprise value$2.79B
Revenue (TTM)$1.67B
Gross profit$987.61M
EBITDA$725.97M
Net income$-273.60M
EPS (TTM)$-0.25
Free cash flow$-225.58M
Total cash$720.34M
Total debt$149.48M
Book value / share$2.20
Shares outstanding699.20M
Float696.21M
Short % of float—
Dividend yield1.33%
Beta (5Y)0.57
Valuation & profitability ratios
Trailing P/E—
Forward P/E17.45
PEG ratio—
Price / sales—
Price / book2.19
EV / revenue1.67
EV / EBITDA3.85
Gross margin59.01%
Operating margin40.84%
Profit margin-42.86%
Return on equity-8.77%
Return on assets0.85%
Debt / equity6.94
Current ratio2.82
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $3.32B | $4.21B | $3.38B | $2.89B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | -$603.78M | $236.60M | -$233.36M | $855.61M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | -$603.78M | $236.60M | -$233.36M | $855.61M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.08 | 0.23 | +192.5% |
| Mar 2026 | 0.01 | -0.09 | -1,844.0% |
| Dec 2025 | 0.01 | -0.26 | -2,685.5% |
| Sep 2025 | 0.07 | 0.04 | -43.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.15 | 1 | $322.40M | -63.1% |
| Next quarter | 0.16 | 1 | $329.70M | -54.8% |
| Current year | 0.30 | 1 | $1.80B | -45.9% |
| Next year | 0.38 | 2 | $1.59B | -11.4% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusBUY
Strong buy / Buy2 / 3
Hold6
Sell / Strong sell0 / 0
Held by insiders0.61%
Held by institutions62.19%
Institutions holding269
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
4.29M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 31, 26 | Baytex Energy Issuer |
BUY | 392.40K | $1.78M | Direct |
| Jul 31, 26 | Baytex Energy Issuer |
— | 10.14M | — | Direct |
| Jul 30, 26 | Baytex Energy Issuer |
BUY | 423.10K | $1.78M | Direct |
| Jul 30, 26 | Evans (Derek Watson) Director of Issuer |
— | 0 | — | Direct |
| Jul 30, 26 | Zumwalt (Deanna) Director of Issuer |
— | 0 | — | Direct |
| Jul 29, 26 | Baytex Energy Issuer |
BUY | 426.10K | $1.78M | Direct |
| Jul 28, 26 | Baytex Energy Issuer |
BUY | 439.50K | $1.77M | Direct |
| Jul 27, 26 | Baytex Energy Issuer |
BUY | 423.60K | $1.77M | Direct |
| Jul 24, 26 | Baytex Energy Issuer |
BUY | 403.92K | $1.76M | Direct |
| Jul 23, 26 | Baytex Energy Issuer |
BUY | 399.60K | $1.76M | Direct |
| Jul 22, 26 | Baytex Energy Issuer |
BUY | 414.20K | $1.77M | Direct |
| Jul 21, 26 | Baytex Energy Issuer |
BUY | 416.50K | $1.77M | Direct |
| Jul 20, 26 | Baytex Energy Issuer |
BUY | 422.90K | $1.78M | Direct |
| Jul 17, 26 | Baytex Energy Issuer |
BUY | 426.90K | $1.78M | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Arthur (Kendall Douglas) |
Senior Officer of Issuer | 354.09K | Acquisition or disposition in the public market |
Baytex Energy |
Issuer | 10.53M | Redemption, retraction, cancelation, repurchase |
Bly (Mark R) |
Director of Issuer | 585.64K | Acquisition or disposition in the public market |
Ector, Brian Gordon |
Senior Officer of Issuer | — | Acquisition or disposition in the public market |
Frechette (Nicole Marie) |
Senior Officer of Issuer | 73.03K | Acquisition or disposition in the public market |
Greager (Eric Thomas) |
Senior Officer of Issuer | 1.40M | Acquisition or disposition in the public market |
Kalmakoff, Chadwick |
Senior Officer of Issuer | 397.33K | Acquisition or disposition in the public market |
Lessoway (Chris) |
Senior Officer of Issuer | 15.99K | Acquisition or disposition in the public market |
Lundberg (Chad) |
Senior Officer of Issuer | 628.70K | Acquisition or disposition in the public market |
Maclean (James Robert) |
Senior Officer of Issuer | 195.32K | Acquisition or disposition in the public market |
Moving averages & technicals
SMA 10
4.54
+7.51% from price
SMA 20
4.38
+9.92% from price
SMA 50
4.24
+13.58% from price
SMA 100
4.49
+8.79% from price
SMA 200
3.95
+21.62% from price
EMA 12
4.55
+7.35% from price
EMA 26
4.41
+10.55% from price
EMA 50
4.37
+11.55% from price
RSI (14)
66.3
Neutral
MACD (12,26,9)
0.13
Hist 0.06
ATR (14)
0.15
3.10% of price
Realised vol 30D
42.8%
Annualised
Bollinger upper
4.85
20, 2σ
Bollinger lower
3.90
20, 2σ
50 / 200 cross
Golden
4.24 vs 3.95
Trend bias
Above 200
+21.62%
Risk profile
Beta vs SPY
-0.06
Less volatile than market
Correlation to SPY
-0.02
Largely independent
Realised vol 30D
42.8%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-27.6%
Peak to trough
Max drawdown 5Y
-79.1%
Peak to trough
ATR 14
0.15
3.10% of price
Beta (reported)
0.57
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.30
Call-heavy session
Put / call open interest
0.03
Positioning, not flow
Max pain
5.00
+4.0% from spot
ATM implied vol
52.7%
Nearest strike to spot
Skew (10% OTM)
-7.8%
Calls bid over puts
Call volume
10
Contracts, this expiry
Put volume
3
Contracts, this expiry
Heaviest call OI
5.00
436 contracts
Heaviest put OI
5.00
14 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
All You Need to Know About Baytex (BTE) Rating Upgrade to Buy
Zacks · 22h ago
Is Baytex Energy (BTE) Outperforming Other Oils-Energy Stocks This Year?
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Baytex Energy Eyes Duvernay Growth After Eagle Ford Sale, Ramps Up Buybacks
MarketBeat · 2d ago
Baytex Energy (BTE) Q2 2026 Earnings Call Transcript
Motley Fool · 14d ago
Will Higher 2026 Output and Heavy Buybacks Change Baytex Energy's (TSX:BTE) Narrative?
Simply Wall St. · 21d ago
Following Results And Higher Guidance, Is Baytex Energy (TSX:BTE) Still Undervalued?
Simply Wall St. · 21d ago
Baytex Energy Corp (BTE) (Q2 2026) Earnings Call Highlights: Production Beats Guidance, ...
GuruFocus.com · 22d ago
EnerCom Announces SM Energy as a Keynote Speaker at the 31st EnerCom Denver - The Energy Investment Conference, on August 19, 2026, in Denver, Colorado
PR Newswire · 22d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.