Baytex Energy Analysis (March 2026) | Price Target, Growth & Valuation

Baytex Energy

TSX:BTE

C$ 6,00

+ C$0,14 (2,39%)

6,00 C$

+C$0,14 (2,39%)

End-of-day quote: 03/27/2026

Baytex Energy Stock Value

Analysts currently rate TSX:BTE as Hold.

Hold

Baytex Energy Company Info

EPS Growth 5Y

76,23%

Market Cap

C$4,59 B

Long-Term Debt

C$0,10 B

Short Interest

1,78%

Quarterly earnings

05/05/2026 (E)

Dividend

C$0,09

Dividend Yield

1,54%

Founded

1993

Industry

Energy

Country

Canada

ISIN Number

CA07317Q1054

Website

http://www.baytexenergy.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

C$5,50

-8.33%

Last Update: 03/28/2026

Analysts: 11

Highest Price Target C$6,00

Average Price Target C$5,50

Lowest Price Target C$5,00

In the last five quarters, Baytex Energy’s Price Target has fallen from C$4,54 to C$4,00 - a -11,89% decrease. One analysts predict that Baytex Energy’s share price will fall in the coming year, reaching C$5,50. This would represent a decrease of -8,33%.

Top growth stocks in the energy sector (5Y.)

What does Baytex Energy do?

Baytex Energy Corp. engages in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States. Approximately 85% of the company’s production is weighted toward crude oil and NGLs. The company’s wholly owned subsidiaries are Baytex Energy Ltd., and Baytex Energy USA, Inc. On April 22, 2024, the company received an exemption order allowing it to purchase up to ten percent (increased from five percent) of...

Baytex Energy Corp. engages in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States.

Approximately 85% of the company’s production is weighted toward crude oil and NGLs. The company’s wholly owned subsidiaries are Baytex Energy Ltd., and Baytex Energy USA, Inc.

On April 22, 2024, the company received an exemption order allowing it to purchase up to ten percent (increased from five percent) of its public float of common shares through the NYSE (New York Stock Exchange) and other U.S.-based trading systems, as a part of an approved NCIB (normal course issuer bid). The exemption is in place until August 1, 2025.

On December 20, 2024, the company announced the sale of its Kerrobert thermal asset located in southwest Saskatchewan (the ‘Sold Kerrobert Asset’), including closing adjustments. Proceeds from the sale were applied against the company’s Credit Facilities. Production from the Sold Kerrobert Assets at the time of the sale was approximately 2,000 boe/d (100% heavy oil).

The company is in the oil and natural gas industry. The company’s asset base is somewhat unique in that it has significant oil and gas assets in both Canada and the United States.

Principal Properties

The following is a description of the company’s principal oil and natural gas properties on production or under development. All of the company’s properties are located onshore.

Eagle Ford – Texas

The company’s Eagle Ford assets are located in the Eagle Ford shale of South Texas and consist of operated assets and non-operated assets. The company’s operated assets were acquired through the Ranger Merger and consist of operated working interests in approximately 190,939 (166,192 net) acres located principally in the Gonzales, Lavaca, Fayette, and Dewitt counties, with an average working interest of approximately 88%. The company’s non-operated assets include working interests in approximately 78,212 (19,931 net) acres, consisting of four areas of mutual interest, principally located in Karnes County (Sugarloaf, Longhorn, Ipanema, and Excelsior), with an average working interest of approximately 25%. The company’s non-operated position is operated by an operating subsidiary of ConocoPhillips Company, pursuant to the terms of industry-standard joint operating agreements, joint venture agreements with non-AMI working interest holders where wells produce from AMI and non-AMI lands, as well as negotiated agreements with ConocoPhillips and other working interest owners related to facilities, marketing, and supplemental development. Production from the company’s Eagle Ford assets occurs from the hydraulic fracturing of horizontal wells.

During 2024, production from the Eagle Ford assets averaged approximately 89,100 barrel of oil equivalent per day (boe/d), consisting of 72,291 bbl/d of light and medium crude oil (including condensate and NGL), and 100,850 Mcf/d of shale gas.

Peace River – Alberta

In the Peace River area of northwest Alberta, the company produces heavy gravity crude oil and natural gas from the Bluesky formation, and heavy gravity crude oil from the Spirit River (a Clearwater equivalent) formation. The core of the company’s developing Clearwater play is located on the Peavine Metis settlement. Production in the area occurs through primary and polymer flooding recovery methods. During 2024, production from the area averaged approximately 30,320 boe/d, consisting of 28,491 barrel per day (bbl/d) of heavy crude oil, 47 bbl/d of natural gas liquids (NGL), and 10,691 Mcf/d of conventional natural gas.

Lloydminster - Alberta and Saskatchewan

The company’s Lloydminster assets consist of several geographically dispersed heavy crude oil operations that include primary and thermal production. In some cases, the company’s heavy crude oil reservoirs are water flooded and polymer flooded. In 2024, production averaged approximately 13,383 boe/d, which consisted of 10,819 bbl/d of heavy crude oil, 2,301 bbl/d of bitumen, 15 bbl/d of light and medium crude oil, and 1,491 Mcf/d of conventional natural gas.

Duvernay – Alberta

The company holds a large 100% working interest land position in the East Duvernay resource play in central Alberta. Production in the area occurs from the hydraulic fracturing of horizontal wells. In 2024, production averaged 6,113 boe/d, consisting of 4,996 bbl/d of light crude oil and NGL, and 6,700 Mcf/d of conventional natural gas.

Viking - Alberta and Saskatchewan

The company’s Viking assets are located in the greater Dodsland area in southwest Saskatchewan, and in the Esther area of southeastern Alberta. These assets were acquired through a business combination with Raging River Exploration Inc. in 2018 and produce light oil from the Viking formation. Production in the area occurs primarily from the hydraulic fracturing of horizontal wells. In some areas, reservoirs are placed under waterflood. In 2024, the Viking assets produced 10,589 boe/d, consisting of 8,904 bbl/d of light and medium crude oil and NGL, 10,075 Mcf/d of conventional natural gas, and 6 bbl/d of heavy crude oil. These assets are characterized by shallow wells with short cycle times and a manufacturing approach to development.

Marketing Arrangements and Forward Contracts

The company markets its operated oil and natural gas production with the objective of maximizing value and counterparty performance. It has a portfolio of sales contracts with a variety of pricing mechanisms, term commitments, and customers, and it also has several committed transportation and processing contracts with volume and term commitments that enable it to transport the company’s production to sales points. Production from the company’s non-operated assets in the Eagle Ford is marketed by the operator. The company also uses derivative instruments in various operational markets to optimize its supply or production chain.

History

Baytex Energy Corp. was incorporated in 1993.

Baytex Energy Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** - Oil production: 70% - Gas production: 20% - Other energy services: 10% **TOP 3 markets:** 1. **Canada:** 45% 2. **USA:** 35% 3. **Europe:** 15% Baytex Energy Corp. generates the majority of its revenue from oil production, followed by gas production and other...

At which locations are the company’s products manufactured?

**Production sites of Baytex Energy Corp.:** 1. **Canada:** - Peace River - Lloydminster - Viking 2. **USA:** - Eagle Ford (Texas) Baytex Energy Corp. is a North American oil and gas company that primarily focuses its production activities in Canada and the USA. In Canada, Baytex oper...

What strategy does Baytex Energy pursue for future growth?

**Revenue Growth:** Estimated at 10% annually (based on historical data until 2023) **Investment Budget:** Increased by 15% for exploration and development (estimate for 2026) Baytex Energy Corp. pursues a strategy focused on sustainable growth and the development of new resources. The company pla...

Which raw materials are imported and from which countries?

**Main raw materials:** Crude oil, natural gas Baytex Energy Corp. is a Canadian company that focuses on the exploration and production of crude oil and natural gas. Typically, Baytex does not import raw materials itself, as the company primarily operates as a producer. Instead, it sources its raw...

How strong is the company’s competitive advantage?

**Market share in Canada:** 5% (estimated, 2026) **Production cost per barrel:** $30 USD (2026) **Average oil price:** $70 USD per barrel (2026) Baytex Energy Corp. has a moderate competitive advantage, mainly due to its strategic positioning in the Canadian energy market and its efficient co...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 65% (estimated, 2026) **Insider Buys/Sells:** No significant changes reported (2026) The institutional investor share in Baytex Energy Corp. is estimated to be around 65%. This demonstrates the confidence of large institutional investors in the company and its fu...

What percentage market share does Baytex Energy have?

**Market share of Baytex Energy Corp.:** Estimate: 2-3% (2026) **Major competitors and their market shares:** 1. **Canadian Natural Resources Limited (TSX:CNQ):** 15-18% 2. **Suncor Energy Inc. (TSX:SU):** 12-15% 3. **Imperial Oil Limited (TSX:IMO):** 10-12% 4. **Cenovus Energy Inc. (TSX:CVE):** 8-...

Is Baytex Energy stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **Profit Growth:** 10.2% (2025) **Oil Price Forecast:** $75 per barrel (2026) Baytex Energy Corp. recorded a revenue growth of 8.5% in 2025, attributed to stable demand for crude oil and an efficient cost structure. The profit growth of 10.2% in the same year indicat...

Does Baytex Energy pay a dividend – and how reliable is the payout?

**Dividend payment:** Yes, Baytex Energy Corp. pays a dividend. **Dividend yield:** 3.5% (2026, estimated) **Dividend history:** Regular payouts since 2024. Baytex Energy Corp. started distributing dividends to its shareholders since 2024, after stabilizing its financial position and reducing d...

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Baytex Energy Stock Value

Baytex Energy Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Baytex Energy do?

Baytex Energy Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Baytex Energy Stock Value

Baytex Energy Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Baytex Energy do?

Baytex Energy Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.