Baytex Energy Corp. (BTE)

Baytex Energy Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Baytex Energy stock has a target of 5.50, which predicts an increase of 82.12% from the current stock price of 3.02.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$5.50	$5.50	$5.50	$5.50
Change	+82.12%	+82.12%	+82.12%	+82.12%

* Price targets were last updated on Oct 18, 2024.

Analyst Ratings

According to 1 stock analyst, the rating for Baytex Energy is "Hold". This means that the analyst believes this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	1	1	1	1	0	0
Buy	1	1	1	1	0	0
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	1	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Luke Davis Raymond James	Raymond James	Hold Initiates $5.5	Hold	Initiates	$5.5	+82.12%	Oct 18, 2024
Mike Murphy BMO Capital	BMO Capital	Hold Maintains $6 → $5.5	Hold	Maintains	$6 → $5.5	+82.12%	Jun 21, 2023
Gregory Pardy RBC Capital	RBC Capital	Buy Reiterates $9	Buy	Reiterates	$9	+198.01%	Jun 15, 2023
Mike Murphy BMO Capital	BMO Capital	Hold Maintains $6	Hold	Maintains	$6	+98.68%	May 5, 2023
Gregory Pardy RBC Capital	RBC Capital	Buy Maintains $9	Buy	Maintains	$9	+198.01%	May 4, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

3.89B

Increased by 43.54%

from 2.71B

Revenue Next Year

3.83B

Decreased by -1.67%

from 3.89B

EPS This Year

0.39

from -0.33

EPS Next Year

0.47

Increased by 21.55%

from 0.39

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.49B	811.74M	1.53B	2.33B	2.71B	3.89B	3.83B	3.12B
Revenue Growth	33.23%	-45.36%	88.37%	52.13%	16.63%	43.54%	-1.67%	-18.57%
EPS	-0.02	-4.35	2.82	1.52	-0.33	0.39	0.47	0.29
EPS Growth	-	-	-	-46.10%	-	-	21.55%	-38.30%
Forward PE	-	-	-	-	-	10.85	8.93	14.47
No. Analysts	-	-	-	-	-	6	6	4

Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	4.6B	4.7B	3.7B
Avg	3.9B	3.8B	3.1B
Low	3.1B	2.8B	2.6B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	67.8%	20.6%	-4.4%
Avg	43.5%	-1.7%	-18.6%
Low	13.8%	-29.4%	-31.2%

EPS Forecast

EPS	2024	2025	2026	2027
High	0.50	0.71	0.67
Avg	0.39	0.47	0.29
Low	0.25	0.10	-0.01

EPS Growth

EPS Growth	2024	2025	2026	2027
High	-	82.8%	41.6%
Avg	-	21.6%	-38.3%
Low	-	-74.9%	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.