Baytex Energy Corp Stock Buy Hold or Sell Recommendation
| BTE Stock | CAD 3.98 0.02 0.50% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Baytex Energy Corp is 'Strong Hold'. The recommendation algorithm takes into account all of Baytex Energy's available fundamental, technical, and predictive indicators you will find on this site.
Check out Baytex Energy Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Baytex and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Baytex Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Baytex |
Execute Baytex Energy Buy or Sell Advice
The Baytex recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Baytex Energy Corp. Macroaxis does not own or have any residual interests in Baytex Energy Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Baytex Energy's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Baytex Energy Trading Alerts and Improvement Suggestions
| Baytex Energy Corp generated a negative expected return over the last 90 days | |
| Baytex Energy Corp has accumulated 2.44 B in total debt with debt to equity ratio (D/E) of 0.47, which is about average as compared to similar companies. Baytex Energy Corp has a current ratio of 0.61, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Baytex Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Baytex Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Baytex Energy Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Baytex to invest in growth at high rates of return. When we think about Baytex Energy's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 2.71 B. Net Loss for the year was (233.36 M) with profit before overhead, payroll, taxes, and interest of 1.67 B. |
Baytex Energy Returns Distribution Density
The distribution of Baytex Energy's historical returns is an attempt to chart the uncertainty of Baytex Energy's future price movements. The chart of the probability distribution of Baytex Energy daily returns describes the distribution of returns around its average expected value. We use Baytex Energy Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Baytex Energy returns is essential to provide solid investment advice for Baytex Energy.
| Mean Return | -0.26 | Value At Risk | -4 | Potential Upside | 4.22 | Standard Deviation | 2.52 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Baytex Energy historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Baytex Energy Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (22.1M) | 5.6M | (5.6M) | 5.5M | 50.4M | 52.9M | |
| Free Cash Flow | 278.4M | 70.5M | 396.6M | 648.8M | 239.6M | 251.6M | |
| Depreciation | 937.3M | 2.9B | (985.8M) | 587.1M | 1.1B | 1.1B | |
| Other Non Cash Items | 14.8M | 23.6M | 24.8M | (330.7M) | 2.0B | 2.1B | |
| Capital Expenditures | 556.5M | 282.6M | 315.8M | 524.0M | 1.1B | 1.1B | |
| Net Income | (12.5M) | (2.4B) | 1.6B | 855.6M | (233.4M) | (221.7M) | |
| End Period Cash Flow | 0.0 | 5.6M | 1.4M | 5.5M | 55.8M | 58.6M | |
| Investments | (617.5M) | (314.5M) | (310.8M) | (489.0M) | (1.5B) | (1.4B) | |
| Net Borrowings | (211.9M) | (44.2M) | (401.6M) | (517.3M) | (465.6M) | (442.3M) | |
| Change To Netincome | (50.3M) | (132.9M) | 170.7M | (80.3M) | (72.3M) | (68.7M) |
Baytex Energy Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Baytex Energy or Oil, Gas & Consumable Fuels sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Baytex Energy's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Baytex stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.27 | |
β | Beta against Dow Jones | -0.008 | |
σ | Overall volatility | 2.37 | |
Ir | Information ratio | -0.16 |
Baytex Energy Volatility Alert
Baytex Energy Corp exhibits very low volatility with skewness of -0.41 and kurtosis of 0.26. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Baytex Energy's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Baytex Energy's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Baytex Energy Fundamentals Vs Peers
Comparing Baytex Energy's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Baytex Energy's direct or indirect competition across all of the common fundamentals between Baytex Energy and the related equities. This way, we can detect undervalued stocks with similar characteristics as Baytex Energy or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Baytex Energy's fundamental indicators could also be used in its relative valuation, which is a method of valuing Baytex Energy by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Baytex Energy to competition |
| Fundamentals | Baytex Energy | Peer Average |
| Return On Equity | -0.0805 | -0.31 |
| Return On Asset | -0.0042 | -0.14 |
| Profit Margin | (0.10) % | (1.27) % |
| Operating Margin | 0.28 % | (5.51) % |
| Current Valuation | 5.4 B | 16.62 B |
| Shares Outstanding | 787.33 M | 571.82 M |
| Shares Owned By Insiders | 0.83 % | 10.09 % |
| Shares Owned By Institutions | 41.04 % | 39.21 % |
| Number Of Shares Shorted | 15.88 M | 4.71 M |
| Price To Earning | 158.37 X | 28.72 X |
| Price To Book | 0.79 X | 9.51 X |
| Price To Sales | 0.93 X | 11.42 X |
| Revenue | 2.71 B | 9.43 B |
| Gross Profit | 1.67 B | 27.38 B |
| EBITDA | 723.5 M | 3.9 B |
| Net Income | (233.36 M) | 570.98 M |
| Cash And Equivalents | 45.16 M | 2.7 B |
| Cash Per Share | 0.08 X | 5.01 X |
| Total Debt | 2.44 B | 5.32 B |
| Debt To Equity | 0.47 % | 48.70 % |
| Current Ratio | 0.62 X | 2.16 X |
| Book Value Per Share | 5.05 X | 1.93 K |
| Cash Flow From Operations | 1.3 B | 971.22 M |
| Short Ratio | 3.32 X | 4.00 X |
| Earnings Per Share | (0.58) X | 3.12 X |
| Price To Earnings To Growth | (0.36) X | 4.89 X |
| Target Price | 5.95 | |
| Beta | 2.57 | -0.15 |
| Market Capitalization | 3.13 B | 19.03 B |
| Total Asset | 7.46 B | 29.47 B |
| Retained Earnings | (3.59 B) | 9.33 B |
| Working Capital | (118 M) | 1.48 B |
| Current Asset | 204.91 M | 9.34 B |
Baytex Energy Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Baytex . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Baytex Energy Buy or Sell Advice
When is the right time to buy or sell Baytex Energy Corp? Buying financial instruments such as Baytex Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Baytex Energy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Soft Drinks Thematic Idea Now
Soft Drinks
Entities manufacturing and distributing non alcoholic beverages across different markets. The Soft Drinks theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Soft Drinks Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Baytex Energy Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.