Baytex Energy Corp. (BTE)
NYSE: BTE · IEX Real-Time Price · USD
4.31
-0.01 (-0.23%)
At close: Sep 28, 2023, 4:00 PM
4.44
+0.13 (3.02%)
Pre-market: Sep 29, 2023, 8:53 AM EDT
Baytex Energy Stock Forecast
Stock Price Forecast
According to 2 stock analysts, the average 12-month stock price forecast for Baytex Energy stock is $7.25, which predicts an increase of 68.21%. The lowest target is $5.50 and the highest is $9.00. On average, analysts rate Baytex Energy stock as a buy.
Analyst Consensus: Buy
* Price targets were last updated on Jun 21, 2023.
Analyst Ratings
The average analyst rating for Baytex Energy stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Apr '23 | May '23 | Jun '23 | Jul '23 | Aug '23 | Sep '23 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| 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 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Hold Maintains $6 → $6 | Hold | Maintains | $6 → $6 | +27.61% | Jun 21, 2023 |
| RBC Capital | RBC Capital | Buy Reiterates $9 | Buy | Reiterates | $9 | +108.82% | Jun 15, 2023 |
| BMO Capital | BMO Capital | Hold Maintains $6 | Hold | Maintains | $6 | +39.21% | May 5, 2023 |
| RBC Capital | RBC Capital | Buy Maintains $9 | Buy | Maintains | $9 | +108.82% | May 4, 2023 |
| RBC Capital | RBC Capital | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | Apr 11, 2023 |
Financial Forecast
Revenue This Year
3.22B
from 2.33B
Increased by 38.34%
Revenue Next Year
4.40B
from 3.22B
Increased by 36.61%
EPS This Year
0.88
from 1.52
Decreased by -41.93%
EPS Next Year
1.17
from 0.88
Increased by 32.95%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 3.5B | 5.2B | 3.9B |
| Avg | 3.2B | 4.4B | 3.7B |
| Low | 3.0B | 3.9B | 3.6B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 48.9% | 60.3% | -11.6% |
| Avg | 38.3% | 36.6% | -15.0% |
| Low | 30.2% | 21.3% | -17.5% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 0.93 | 1.59 | 1.77 | 1.53 |
| Avg | 0.88 | 1.17 | 1.20 | 1.48 |
| Low | 0.83 | 0.83 | 0.68 | 1.43 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | -38.5% | 79.6% | 51.2% | 27.6% |
| Avg | -41.9% | 33.0% | 2.4% | 22.7% |
| Low | -45.2% | -5.6% | -42.4% | 19.1% |
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.