BMO Investorline: “Baytex Energy Corp is an oil and
gas company. Geographically, the group operates in Canada and the United
States. The company derives a majority of revenue from Canada. Its Canada
segment includes the exploration, development, and production of crude oil and
natural gas in western Canada. https://www.baytexenergy.co”
Statistics from various sources as of 2025-09-18:
Current price: $3.44
cad
PE: 6.07
EPS: $0.47
Forward PE: 7.3191
52 week range: $1.91
cad - $4.69 cad
Price to book (ttm):
0.67
Profit margin: 11.64%
Return on equity
(ttm): 9.15%
Total cash (mrq): $7.16m
cad
Total debt (mrq): 2.13b
cad
Current ratio (mrq): 0.68
Book value per share
(mrq): $5.32 cad
Operating cash flow
(ttm): $1.8b cad
-------
1. Share price estimates as of 2025-09-18:
Yahoo’s 1-yr target: $4.00
cad
Morningstar’s fair
value: $4.12 cad
Refinitiv ratings: $4.00
cad (h $5.00 cad – m $4.00 cad – l $3.00 cad) with consensus rating hold.
Tipranks rating: $4.18 cad with strong buy recommendation
----------
2. Quarterly in bte:ca from refinitiv as
of 2025-09-18:
Revenue: $212.49m cad
Gross profit:
$139.04m cad
Operating income:
-$5.85m cad
Net income bf tax:
-$22.43m cad
Net income after tax:
-$23.44m cad
Net income available
to common share: -$23.44m cad
Diluted EPS: -0.04
---------------------------------
3.
Valuation measures and statistics from
yahoo finance
|
current |
6/30/2025 |
3/31/2025 |
12/31/2024 |
9/30/2024 |
6/30/2024 |
|
|
market cap |
1.96b |
1.37b |
1.72b |
1.99b |
2.35b |
2.80b |
|
enterprise value |
3.50b |
2.97b |
3.30b |
3.57b |
4.15b |
4.57b |
|
trailing p/e |
7.47 |
6.12 |
11.00 |
-- |
-- |
-- |
|
forward p/e |
11.65 |
13.64 |
11.67 |
9.03 |
10.99 |
11.35 |
|
peg ratio (5yr
expected) |
-- |
-- |
-- |
-- |
-- |
-- |
|
price/sales |
0.69 |
0.46 |
0.61 |
0.71 |
0.77 |
0.97 |
|
price/book |
0.66 |
0.45 |
0.59 |
0.72 |
0.80 |
0.98 |
|
enterprise
value/revenue |
1.21 |
1.10 |
1.12 |
1.20 |
1.29 |
1.64 |
|
enterprise value/EBITDA |
2.38 |
2.16 |
2.40 |
4.24 |
4.93 |
7.47 |
|
BayStreet.ca |
Analysis Change |
Rating |
Target Price |
Source |
|
Apr 10, 2025 |
— |
Neutral |
4.25 C |
CIBC World Markets |
|
Mar 05, 2025 |
— |
Market Perform |
4.00 C |
BMO Capital Markets |
|
Mar 05, 2025 |
— |
Buy |
5.00 C |
TD Securities |
|
Jan 17, 2025 |
— |
Neutral |
5.00 C |
CIBC World Markets |
|
Jan 14, 2025 |
— |
Outperform |
5.00 C |
RBC Capital |
|
Dec 04, 2024 |
— |
Market Perform |
5.50 C |
BMO Capital Markets |
|
Dec 04, 2024 |
— |
Outperform |
5.20 C |
ATB Capital |
|
Oct 22, 2024 |
— |
Buy |
6.00 C |
Canaccord Genuity |
|
Oct 01, 2024 |
— |
Buy |
5.50 C |
TD Securities |
|
Sep 27, 2024 |
— |
Outperform |
7.50 C |
National Bank |
|
Sep 17, 2024 |
— |
Outperform |
5.50 C |
RBC Capital |
------------------------------------------------
4. Personal notes as of 2025-09-18
The current environment with us tariffs is not favorable Canadian business, but the new pipelines to ship products to Asia and Europe would help to increase oil and gas prices in near future, i.e. no discount WTI.
It is currently traded lower than its book value.
5.
From morningstar report
Valuation as of 18 September 2024: Baytex energy Corp
is an oil and gas company.
Geographically, the group operates in Canada and the United
States. the company derives a majority of revenue from Canada. its Canada
segment includes the exploration, development, and production of crude oil and
natural gas in western Canada.
Valuation as of 16 sep 2025
At face value, Baytex Energy Corp looks inexpensive,
following a substantial price decline over the past year. To account for the
risk of a possible value trap, we have capped its rating at 3 stars. The stock
currently trades at a 29% discount to our quantitative fair value estimate of
5.03 cad per share; However, caution is warranted due to this estimate's high
uncertainty rating.
The company's valuation metrics strengthen our fair
value estimate. a company's valuation metrics provide insights into the
market's expectations for its future growth and profitability. Reflecting the firm's
valuation is its book value yield of 163.3%,
which sits in the top 20% compared with peers globally.
The market price is low relative to the book (accounting) value of the
company's equity, which contributes to our view that shares are undervalued.
The company's profitability is an additional
encouraging factor. Highly profitable companies are often more resilient in
recessions and are likely to generate stronger future cash flows for
shareholders. The firm's sales yield of 152.5%, a core component of
profitability, ranks in the top 30% globally. This company has a robust ability
to generate sales without much capital investment, freeing up more capital to
be returned to shareholders in the long run. This characteristic further
promotes our favorable price/fair value ratio.
Economic moat as of 16 September 2025
The company's quantitative economic moat rating of
none suggests any excess returns could erode quickly as competition arrives. Additionally,
the firm's moderate financial health score suggests it is acceptably positioned
against adverse economic circumstances.
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