BTE
EnergyBaytex Energy Corp. · Oil & Gas Exploration & Production · $4B
What is Baytex Energy Corp.?
Baytex Energy Corp. is a mid-cap Canadian oil and gas producer operating across Western Canada and the Eagle Ford basin in Texas. The company focuses on acquiring, developing, and producing crude oil and natural gas across multiple asset types.
Baytex generates revenue by producing and selling light oil and condensate, heavy oil, natural gas liquids, and natural gas. Its Canadian operations span the Viking, Lloydminster, Peace River, and Duvernay properties in Alberta and Saskatchewan. In the United States, the Eagle Ford asset in Texas provides exposure to higher-margin light oil production. The company's business model is capital-intensive, relying on ongoing drilling programs and acquisitions to maintain and grow output.
Baytex Energy was founded in 1993 and is headquartered in Calgary, Canada.
- Light oil and condensate production from Eagle Ford, Texas
- Heavy oil development across Lloydminster and Peace River, Alberta
- Natural gas liquids and natural gas from Western Canadian assets
- Viking light oil operations in Alberta and Saskatchewan
- Duvernay formation development in Alberta
Is BTE a Good Stock to Buy?
UQS Score rates BTE as Below Average overall, reflecting meaningful weaknesses across several key dimensions.
The Risk pillar stands out as the clearest positive — Baytex carries a Strong rating there, suggesting the company's near-term financial stability is relatively better managed than its other attributes might imply. The Valuation pillar also earns a Good rating, meaning the stock does not appear significantly overpriced relative to its fundamentals.
Quality, Moat, and Growth all register as Weak — indicating limited competitive differentiation, below-average business quality metrics, and constrained growth prospects relative to sector peers.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does BTE pay dividends?
Yes — Baytex Energy Corp. pays a dividend.
Baytex Energy pays a regular dividend, which is notable for an oil and gas producer of its size. Dividend payments in the energy sector are often tied to commodity price cycles, so sustainability can vary with oil and gas prices. Investors seeking income should weigh the dividend against the company's Weak Quality and Growth pillar ratings before relying on it as a primary income source.
When does BTE report earnings?
Baytex Energy reports earnings on a quarterly cadence, consistent with standard practice for TSX and NYSE-listed energy companies.
Given the Weak ratings across Quality and Growth pillars, recent earnings periods have likely reflected the challenges common to mid-cap oil producers — commodity price sensitivity, cost pressures, and capital allocation trade-offs. The Strong Risk rating suggests the balance sheet has been managed with some discipline through these cycles.
For the most recent quarter's results and guidance updates, visit Baytex Energy's investor relations page directly.
BTE Price History
+203.5% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Baytex Energy Corp.?
Based on Baytex Energy Corp.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
BTE Long-term Outlook
The combination of Weak Growth and Weak Quality pillars points to a cautious fundamental outlook for Baytex. While the Strong Risk rating provides some reassurance around near-term financial resilience, the absence of a clear competitive moat limits the company's ability to outperform through commodity downturns. The Good Valuation rating suggests the market has already priced in much of the risk, leaving limited margin for upside surprise without meaningful operational improvement.
Growth drivers
- Eagle Ford light oil production as a higher-margin growth lever
- Potential for bolt-on acquisitions in the Western Canadian Sedimentary Basin
- Commodity price recovery benefiting revenue without additional capital spend
Key risks
- Sustained weakness in crude oil or natural gas prices compressing margins
- Limited competitive moat leaving the company exposed to cost inflation
- Capital-intensive operations requiring consistent reinvestment to maintain production levels
BTE vs Peers
Baytex competes with a range of North American oil and gas producers, each with distinct asset bases and business models.
BKV focuses primarily on natural gas production in the US, giving it a different commodity exposure profile compared to Baytex's oil-weighted portfolio.
SM Energy operates US-focused unconventional oil and gas assets, with a more concentrated geographic footprint than Baytex's cross-border operations.
Black Stone Minerals operates as a mineral and royalty interest owner, generating revenue without direct operational exposure — a structurally different model from Baytex's working-interest production approach.
Frequently Asked Questions
What does Baytex Energy do?
Baytex Energy acquires, develops, and produces crude oil and natural gas across Western Canada and the Eagle Ford basin in Texas. Its product mix includes light oil, heavy oil, natural gas liquids, and natural gas. The company operates a capital-intensive business model that depends on active drilling and asset management to sustain production.
Does BTE pay dividends?
Yes, Baytex Energy pays a regular dividend. However, dividend sustainability in the oil and gas sector is closely tied to commodity prices and cash flow generation. Given the Weak Quality and Growth pillar ratings, investors should assess the dividend in the context of the company's broader financial profile before treating it as a reliable income stream.
When does BTE report earnings?
Baytex Energy reports on a quarterly cadence, as is standard for companies listed on major North American exchanges. For specific release dates and the most recent quarterly results, check the investor relations section of the Baytex Energy corporate website.
Is BTE a good stock to buy?
UQS Score rates BTE as Below Average overall. The Strong Risk and Good Valuation ratings offer some positive signals, but Weak scores across Quality, Moat, and Growth suggest meaningful structural challenges. Whether BTE fits a portfolio depends on individual risk tolerance and investment goals — the full pillar breakdown is available to Pro members.
Is BTE overvalued?
The UQS Valuation pillar rates BTE as Good, suggesting the stock is not significantly overpriced relative to its fundamentals. For a mid-cap oil producer with Weak Quality and Growth ratings, a reasonable valuation can reflect the market already accounting for operational risks rather than indicating a clear bargain.
How does BTE compare to its competitors?
Compared to peers like SM Energy, BKV Corporation, and Black Stone Minerals, Baytex's cross-border asset base spanning Canada and the US Eagle Ford is a distinguishing feature. However, the Weak Moat rating suggests Baytex does not hold a clear competitive advantage over sector peers in terms of cost structure or asset quality.
What is BTE's market cap bracket?
Baytex Energy is classified as a mid-cap company. This places it in a segment of the energy sector that typically carries more operational risk than large-cap majors but may offer more liquidity and institutional coverage than smaller producers.
Who founded Baytex Energy?
Baytex Energy was founded in 1993 and is headquartered in Calgary, Canada. Further details on the company's founding history and leadership are available through publicly accessible corporate filings and the company's official website.
Is BTE a long-term quality investment?
As a long-term quality indicator, the UQS Score rates BTE as Below Average. The Weak ratings in Quality, Moat, and Growth suggest the company lacks the durable competitive advantages and consistent business performance typically associated with high-quality long-term holdings. The Strong Risk rating provides some reassurance, but does not offset the broader structural concerns.
What is the main competitive advantage of Baytex Energy?
The UQS Moat pillar rates Baytex as Weak, indicating limited durable competitive advantages. The company's diversified asset base across Canadian heavy oil, Viking light oil, and the Eagle Ford provides some geographic diversification, but this does not translate into a distinct moat relative to sector peers.
What sector does BTE belong to?
Baytex Energy operates in the Energy sector, specifically as an upstream oil and gas producer. The company's revenue is directly tied to commodity prices for crude oil, natural gas liquids, and natural gas, making it sensitive to global energy market dynamics. You can explore other [energy sector stocks](/sector/energy) on UQS Score.
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Pro Analysis
BTE — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 36.9 | 23.0 | 11.0 | 29.6 | 74.4 | 75.4 | -0.2 |
| May 22, 2026 | 37.1 | 23.0 | 11.0 | 29.6 | 74.4 | 76.7 | +1.0 |
| May 21, 2026 | 36.1 | 23.0 | 11.0 | 29.5 | 74.4 | 70.3 | +0.1 |
| May 20, 2026 | 36.0 | 23.0 | 11.0 | 29.5 | 74.4 | 69.8 | +0.5 |
| May 19, 2026 | 35.5 | 23.0 | 11.0 | 29.9 | 74.4 | 66.1 | -0.1 |
| May 18, 2026 | 35.6 | 23.0 | 11.0 | 29.9 | 74.4 | 66.6 | 0.0 |
| May 16, 2026 | 35.6 | 23.0 | 11.0 | 30.0 | 74.4 | 66.6 | -0.2 |
| May 14, 2026 | 35.8 | 23.0 | 11.0 | 30.3 | 74.4 | 67.4 | +0.1 |
| May 13, 2026 | 35.7 | 23.0 | 11.0 | 30.4 | 74.4 | 66.3 | 0.0 |
| May 11, 2026 | 35.7 | 23.0 | 11.0 | 30.4 | 74.4 | 66.7 | +1.5 |
BTE — Pillar Breakdown
Quality
— 23.0/100 (25%)Baytex Energy Corp. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 29.6/100 (20%)Baytex Energy Corp. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 74.4/100 (15%)Baytex Energy Corp. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 77.4/100 (15%)Baytex Energy Corp. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 11/100 (25%)Baytex Energy Corp. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for BTE.
Score Composition
Financial Data
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How is the BTE UQS Score Calculated?
The UQS (Unified Quality Score) for Baytex Energy Corp. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Baytex Energy Corp.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Baytex Energy Corp. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.