BTE
Baytex Energy Corp.
NYSEUSDEQUITY
Energy
DELAYED
Buy
+44/100
Last price
4.69
▲ 0.01 (0.21%)
MARKET · —
Price
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Tool
1D
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Open
—
Prev close
4.68
Day high
4.77
Day low
4.61
Volume
21.45M
Market cap
$3.28B
P/E (TTM)
—
52W range
2.18 – 5.36
Trailing performance
Returnvs SPY
1W
+4.92%
+3.0%
1M
-3.50%
-4.7%
3M
+13.01%
+8.5%
6M
+5.16%
-13.0%
YTD
+45.20%
+31.0%
1Y
+97.89%
+81.5%
3Y
+6.35%
-75.9%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
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.
Free account
5 more panels on BTE open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
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
4.32M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 30, 26 | Baytex Energy Issuer |
— | 5.57M | — | Direct |
| Sep 29, 26 | Baytex Energy Issuer |
BUY | 392.10K | $1.76M | Direct |
| Sep 28, 26 | Baytex Energy Issuer |
STOCK | 386.40K | $1.76M | Direct |
| Sep 25, 26 | Baytex Energy Issuer |
BUY | 389.90K | $1.77M | Direct |
| Sep 24, 26 | Baytex Energy Issuer |
BUY | 380.90K | $1.77M | Direct |
| Sep 23, 26 | Baytex Energy Issuer |
BUY | 386.00K | $1.77M | Direct |
| Sep 22, 26 | Baytex Energy Issuer |
BUY | 382.60K | $1.78M | Direct |
| Sep 21, 26 | Baytex Energy Issuer |
BUY | 381.20K | $1.78M | Direct |
| Sep 18, 26 | Baytex Energy Issuer |
BUY | 368.70K | $1.79M | Direct |
| Sep 17, 26 | Baytex Energy Issuer |
BUY | 366.20K | $1.79M | Direct |
| Sep 16, 26 | Baytex Energy Issuer |
BUY | 361.90K | $1.79M | Direct |
| Sep 15, 26 | Baytex Energy Issuer |
BUY | 349.00K | $1.80M | Direct |
| Sep 14, 26 | Baytex Energy Issuer |
BUY | 354.05K | $1.79M | Direct |
| Sep 11, 26 | Baytex Energy Issuer |
BUY | 363.90K | $1.80M | 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 | 392.10K | 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 |
Fundamentals
Market cap$3.28B
Enterprise value$2.71B
Revenue (TTM)$1.67B
Gross profit$987.61M
EBITDA$725.97M
Net income$-273.60M
EPS (TTM)$-0.38
Free cash flow$-225.58M
Total cash$720.34M
Total debt$149.48M
Book value / share$2.13
Shares outstanding699.20M
Float696.21M
Short % of float—
Dividend yield1.35%
Beta (5Y)0.86
Valuation & profitability ratios
Trailing P/E—
Forward P/E16.93
PEG ratio—
Price / sales—
Price / book2.20
EV / revenue1.62
EV / EBITDA3.73
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 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.68B | $1.87B | $3.38B | $2.89B | -10.1% |
| Operating revenue | $1.68B | $1.87B | $3.38B | $2.89B | -10.1% |
| Cost of revenue | $1.26B | $1.34B | $2.51B | $1.76B | -6.4% |
| Gross profit | $426.58M | $529.51M | $869.28M | $1.13B | -19.4% |
| Selling, general & admin | $91.94M | $70.23M | $107.49M | $79.33M | +30.9% |
| Total operating expense | $200.29M | $172.49M | $226.10M | $173.81M | +16.1% |
| Operating income | $226.29M | $357.03M | $643.19M | $953.10M | -36.6% |
| Net interest income | -$217.55M | -$203.34M | -$171.77M | -$86.67M | -7.0% |
| Pre-tax income | -$153.11M | -$16.72M | -$516.58M | $890.91M | -815.8% |
| Tax provision | $123.73M | $80.73M | -$283.23M | $35.31M | +53.3% |
| Net income | -$603.78M | $236.60M | -$233.36M | $855.61M | -355.2% |
| Net income to common | -$603.78M | $236.60M | -$233.36M | $855.61M | -355.2% |
| Basic EPS | -0.78 | 0.29 | -0.33 | 1.53 | -369.0% |
| Diluted EPS | -0.78 | 0.29 | -0.33 | 1.52 | -369.0% |
| EBIT | $8.32M | $171.91M | -$356.76M | $971.30M | -95.2% |
| EBITDA | $1.27B | $1.56B | $691.14M | $1.56B | -18.3% |
| Basic shares | 769.18M | 803.43M | 704.90M | 557.99M | -4.3% |
| Diluted shares | 769.18M | 807.71M | 704.90M | 563.84M | -4.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $953.11M | $16.61M | $55.81M | $5.46M | +5,638.2% |
| Cash & short-term investments | $953.11M | $16.61M | $55.81M | $5.46M | +5,638.2% |
| Accounts receivable | $32.93M | $61.57M | $339.40M | $222.11M | -46.5% |
| Total current assets | $1.19B | $449.63M | $440.02M | $244.05M | +164.7% |
| Property, plant & equipment | $2.08B | $7.08B | $6.75B | $4.80B | -70.6% |
| Total assets | $3.35B | $7.76B | $7.46B | $5.10B | -56.9% |
| Total current liabilities | $330.18M | $573.73M | $558.02M | $288.53M | -42.5% |
| Long-term debt | $94.97M | $2.26B | $2.41B | $930.63M | -95.8% |
| Total debt | $117.99M | $2.28B | $2.44B | $937.17M | -94.8% |
| Total liabilities | $956.37M | $3.59B | $3.64B | $2.07B | -73.4% |
| Retained earnings | -$4.09B | -$3.42B | -$3.59B | -$3.32B | -19.7% |
| Shareholder equity | $2.39B | $4.17B | $3.83B | $3.03B | -42.7% |
| Working capital | $860.19M | -$124.10M | -$118.00M | -$44.48M | +793.1% |
| Net tangible assets | $2.39B | $4.17B | $3.83B | $3.03B | -42.7% |
| Shares issued | 765.57M | 773.59M | 821.68M | 544.93M | -1.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$603.78M | $236.60M | -$233.36M | $855.61M | — | -355.2% |
| Stock-based compensation | — | $0 | $16.24M | $3.16M | $6.39M | — |
| Change in working capital | $18.11M | -$17.92M | -$220.90M | $26.07M | — | +201.1% |
| Operating cash flow | $1.49B | $1.91B | $1.30B | $1.17B | — | -22.1% |
| Capital expenditure | -$1.28B | -$1.31B | -$1.06B | -$524.04M | — | +2.7% |
| Investing cash flow | $1.78B | -$1.28B | -$1.51B | -$488.99M | — | +239.2% |
| Share buybacks | -$29.42M | -$222.20M | -$221.93M | -$158.98M | — | +86.8% |
| Dividends paid | -$69.19M | -$71.98M | -$37.52M | $0 | — | +3.9% |
| Financing cash flow | -$2.33B | -$668.17M | $266.25M | -$678.42M | — | -248.8% |
| Free cash flow | $207.47M | $593.85M | $239.61M | $648.83M | — | -65.1% |
| End cash position | $953.11M | $16.61M | $55.81M | $5.46M | — | +5,638.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $639.94M | $452.95M | -$1.13B | $927.65M | $411.04M | — | +41.3% |
| Operating revenue | $639.94M | $452.95M | -$1.13B | $927.65M | $411.04M | — | +41.3% |
| Cost of revenue | $294.39M | $251.20M | -$933.62M | $720.36M | $228.19M | — | +17.2% |
| Gross profit | $345.55M | $201.75M | -$195.09M | $207.29M | $182.85M | — | +71.3% |
| Selling, general & admin | $20.80M | $45.17M | $10.33M | $31.47M | $17.46M | — | -54.0% |
| Total operating expense | $142.54M | $155.25M | $1.95M | $72.89M | $131.11M | — | -8.2% |
| Operating income | $203.01M | $46.50M | -$197.04M | $134.40M | $51.74M | — | +336.6% |
| Net interest income | $639.00K | $2.24M | -$72.71M | -$46.44M | -$45.01M | — | -71.4% |
| Pre-tax income | $223.62M | -$103.93M | -$464.48M | $47.01M | $126.70M | — | +315.2% |
| Tax provision | $55.03M | -$24.25M | $65.47M | $15.04M | $23.68M | — | +326.9% |
| Net income | $174.87M | -$67.33M | -$856.89M | $31.97M | $151.55M | — | +359.7% |
| Net income to common | $174.87M | -$67.33M | -$856.89M | $31.97M | $151.55M | — | +359.7% |
| Basic EPS | 0.24 | -0.09 | — | 0.04 | 0.20 | 0.09 | +366.7% |
| Diluted EPS | 0.24 | -0.09 | — | 0.04 | 0.20 | 0.09 | +366.7% |
| EBIT | $227.54M | -$100.23M | -$438.58M | $90.88M | $168.22M | — | +327.0% |
| EBITDA | $356.48M | $23.46M | -$145.06M | $419.97M | $490.38M | — | +1,419.6% |
| Basic shares | 721.20M | 747.16M | — | 768.32M | 768.72M | 771.44M | -3.5% |
| Diluted shares | 725.97M | 747.16M | — | 773.16M | 772.03M | 774.26M | -2.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $720.34M | $757.87M | $953.11M | $10.42M | $7.16M | -5.0% |
| Cash & short-term investments | $720.34M | $757.87M | $953.11M | $10.42M | $7.16M | -5.0% |
| Accounts receivable | $188.26M | $194.99M | $32.93M | $60.09M | $61.61M | -3.4% |
| Inventory | $8.76M | $14.17M | — | — | — | -38.2% |
| Total current assets | $964.02M | $1.00B | $1.19B | $375.50M | $409.43M | -3.7% |
| Property, plant & equipment | $2.17B | $2.15B | $2.08B | $7.03B | $6.94B | +0.5% |
| Total assets | $3.17B | $3.25B | $3.35B | $7.60B | $7.55B | -2.5% |
| Total current liabilities | $342.38M | $465.66M | $330.18M | $642.06M | $604.25M | -26.5% |
| Long-term debt | $89.23M | $87.60M | $94.97M | $1.98B | $2.09B | +1.9% |
| Total debt | $149.49M | $145.82M | $117.99M | $2.01B | $2.13B | +2.5% |
| Total liabilities | $1.02B | $1.12B | $956.37M | $3.41B | $3.47B | -9.2% |
| Retained earnings | -$4.02B | -$4.18B | -$4.09B | -$3.22B | -$3.24B | +3.8% |
| Shareholder equity | $2.15B | $2.13B | $2.39B | $4.19B | $4.08B | +1.0% |
| Working capital | $621.64M | $535.91M | $860.19M | -$266.56M | -$194.82M | +16.0% |
| Net tangible assets | $2.15B | $2.13B | $2.39B | $4.19B | $4.08B | +1.0% |
| Shares issued | 708.89M | 730.56M | 765.57M | 768.32M | 768.32M | -3.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $174.87M | -$67.33M | -$856.89M | $31.97M | $151.55M | — | +359.7% |
| Stock-based compensation | $0 | $4.86M | — | — | $0 | $0 | -100.0% |
| Change in working capital | -$21.65M | -$26.30M | $226.00K | $55.96M | -$9.04M | — | +17.7% |
| Operating cash flow | $230.85M | $122.20M | $227.66M | $472.68M | $354.31M | — | +88.9% |
| Capital expenditure | -$122.81M | -$153.46M | -$182.96M | -$330.65M | -$357.96M | — | +20.0% |
| Investing cash flow | -$114.86M | -$115.29M | $2.75B | -$292.70M | -$359.85M | — | +0.4% |
| Share buybacks | -$138.60M | -$177.72M | -$12.26M | $0 | -$4.14M | — | +22.0% |
| Dividends paid | -$16.14M | -$16.61M | -$17.27M | -$17.33M | -$17.30M | — | +2.8% |
| Financing cash flow | -$153.52M | -$203.96M | -$2.04B | -$176.72M | $6.72M | — | +24.7% |
| Free cash flow | $108.04M | -$31.26M | $44.70M | $142.02M | -$3.65M | — | +445.7% |
| End cash position | $720.34M | $757.87M | $953.11M | $10.42M | $7.16M | — | -5.0% |
Options analytics
Put / call volume
0.38
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
2.50
-46.7% from spot
ATM implied vol
12.5%
Nearest strike to spot
Skew (10% OTM)
-12.5%
Calls bid over puts
Call volume
52
Contracts, this expiry
Put volume
20
Contracts, this expiry
Heaviest call OI
2.50
0 contracts
Heaviest put OI
2.50
0 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.
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 | 0.32 | 1 | $1.80B | -45.7% |
| Next year | 0.40 | 2 | $1.60B | -11.3% |
Analyst targets & ownership
Mean target$6.68
High target$6.68
Low target$6.68
Implied upside42.37%
Analyst count1
ConsensusBUY
Strong buy / Buy2 / 4
Hold6
Sell / Strong sell0 / 0
Held by insiders0.62%
Held by institutions62.65%
Institutions holding266
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
4.58
+2.42% from price
SMA 20
4.74
-1.14% from price
SMA 50
4.63
+1.30% from price
SMA 100
4.55
+3.15% from price
SMA 200
4.23
+10.92% from price
EMA 12
4.65
+0.96% from price
EMA 26
4.68
+0.27% from price
EMA 50
4.63
+1.21% from price
RSI (14)
50.8
Neutral
MACD (12,26,9)
-0.03
Hist -0.01
ATR (14)
0.15
3.24% of price
Realised vol 30D
31.1%
Annualised
Bollinger upper
5.16
20, 2σ
Bollinger lower
4.32
20, 2σ
50 / 200 cross
Golden
4.63 vs 4.23
Trend bias
Above 200
+10.92%
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.
Risk profile
Beta vs SPY
-0.11
Less volatile than market
Correlation to SPY
-0.03
Largely independent
Realised vol 30D
31.1%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-27.6%
Peak to trough
Max drawdown 5Y
-79.1%
Peak to trough
ATR 14
0.15
3.24% of price
Beta (reported)
0.86
5Y monthly, from filing
Short interest
Shares short
23.54M
Prior 21.82M
Change vs prior
+7.9%
Shorts adding
% of float
—
—
% of shares out
3.37%
Against total outstanding
Days to cover
1.6
Liquid
Float
696.21M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 18, 24 | Raymond James | INITIATED | — | Market Perform |
| Jun 21, 23 | BMO Capital | MAINTAINED | Market Perform | Market Perform |
| Jun 15, 23 | RBC Capital | MAINTAINED | Outperform | Outperform |
| May 5, 23 | BMO Capital | MAINTAINED | Market Perform | Market Perform |
| May 4, 23 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Apr 11, 23 | RBC Capital | UPGRADE | Sector Perform | Outperform |
| Mar 1, 23 | TD Securities | UPGRADE | Hold | Buy |
| Nov 7, 22 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Nov 4, 22 | BMO Capital | MAINTAINED | Market Perform | Market Perform |
| Nov 5, 21 | BMO Capital | MAINTAINED | Market Perform | Market Perform |
| Feb 25, 21 | BMO Capital | MAINTAINED | Market Perform | Market Perform |
| Dec 3, 20 | BMO Capital | MAINTAINED | Market Perform | Market Perform |
Dividends & splits
Forward rate$0.06 / yr
Forward yield1.35%
5-year avg yield7.49%
Payout ratio1.84%
Ex-dividend dateSep 15, 2026
Next pay dateOct 1, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-08-05
Corporate Changes & Voting Matters
6-K · 2026-07-31
Corporate Changes & Voting Matters
6-K · 2026-07-24
Corporate Changes & Voting Matters
6-K · 2026-06-26
Specialized Disclosure Report filed pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the use of conflict minerals (Rule 13p-1)
SD · 2026-06-04
Corporate Changes & Voting Matters
6-K · 2026-05-12
Corporate Changes & Voting Matters
6-K · 2026-05-08
Corporate Changes & Voting Matters
6-K · 2026-05-01
Headlines
3 Oil Stocks Investors May Revisit As Supply Worries Lift Crude
Simply Wall St. · 12d ago
Baytex Energy (TSX:BTE) Pulls Back As Oil Softens But Is The Undervalued View Still Intact
Simply Wall St. · 13d ago
Are Oils-Energy Stocks Lagging Baytex Energy (BTE) This Year?
Zacks · 14d ago
Are Investors Undervaluing Baytex Energy (BTE) Right Now?
Zacks · 14d ago
Zacks Industry Outlook Highlights Baytex Energy, InPlay Oil and Canadian Natural Resources
Zacks · 14d ago
Canadian E&P Industry Gains Momentum: 3 Stocks in Focus
Zacks · 15d ago
Is Baytex Energy (BTE) Stock Outpacing Its Oils-Energy Peers This Year?
Zacks · 30d ago
Here's Why a Hold Strategy Is Apt for Canadian Natural Stock Now
Zacks · 36d ago
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