Baytex Energy Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for Baytex Energy stock have an average target of $4.31, which predicts a 8.29% increase from the current stock price of 3.98.

Price Target: $4.31 (+8.29%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$4.31	$4.31	$4.31	$4.31
Change	+8.29%	+8.29%	+8.29%	+8.29%

Analyst Ratings

The average analyst rating for Baytex Energy stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	1	1	1	3	3	3
Buy	3	3	3	3	3	3
Hold	7	6	6	4	4	4
Sell	0	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	11	11	11	11	11	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Dennis Fong CIBC	CIBC	Hold Maintains $4.66 → $5.2	Hold	Maintains	$4.66 → $5.2	+30.57%	Jun 1, 2026
Kevin Fisk Scotiabank	Scotiabank	Buy Maintains $4.66 → $5.38	Buy	Maintains	$4.66 → $5.38	+35.07%	May 8, 2026
Amir Arif ATB Cormark Capital Markets	ATB Cormark Capital Markets	Hold Maintains $5.02 → $6.09	Hold	Maintains	$5.02 → $6.09	+53.08%	May 8, 2026
Gregory Pardy RBC Capital	RBC Capital	Hold Maintains $4.66 → $5.02	Hold	Maintains	$4.66 → $5.02	+26.07%	May 8, 2026
Menno Hulshof TD Cowen	TD Cowen	Hold Maintains $4.3 → $4.66	Hold	Maintains	$4.3 → $4.66	+17.06%	May 8, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

1.84B

from 1.48B

24.44%

from 1.48B

Revenue Next Year

1.58B

from 1.84B

-14.30%

from 1.84B

EPS This Year

0.38

from 0.07

458.82%

from 0.07

EPS Next Year

0.37

from 0.38

-2.63%

from 0.38

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.53B	2.33B	2.71B	1.61B	1.48B	1.84B
Revenue Growth	88.37%	52.13%	16.63%	-40.55%	-8.19%	24.44%
Operating Income	1.78B	1.02B	-214.82M	357.59M	61.22M	100.10M
Net Income	1.61B	855.61M	-233.36M	236.60M	-603.78M	268.00M
EPS	-	-	-	-	0.07	0.38
EPS Growth	-	-	-	-	-76.96%	458.82%
Forward PE	-	-	-	-	-	14.81
Dividend / Share	-	-	0.05	0.09	0.09	0.09
Dividend Growth	-	-	-	100.00%	-	-
Free Cash Flow	-227.33M	353.69M	776.78M	-750.95M	-759.45M	317.69M
No. Analysts	-	-	-	-	-	3

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.

Revenue Forecast

Revenue	2026	2027	2028
High	2.0B
Avg	1.8B
Low	1.6B

Revenue Growth

Revenue Growth	2026	2027	2028
High	32.5%
Avg	24.4%
Low	11.2%

EPS Forecast

EPS	2026	2027	2028
High	0.38
Avg	0.38
Low	0.38

EPS Growth

EPS Growth	2026	2027	2028
High	458.8%
Avg	458.8%
Low	458.8%