Earnings Alerts

Baytex Energy (BTE) Earnings: Company Maintains FY Average Production Forecast, Shares Rise 2.7%

  • Baytex Energy maintains forecast: The company keeps its full-year average production forecast steady.
  • Production levels: Average production is expected to be between 152,000 to 154,000 barrels of oil equivalent per day (boe/d).
  • Stock performance: Baytex Energy shares increased by 2.7%, reaching C$4.150.
  • Trading volume: A total of 2.34 million shares were traded.
  • Analyst ratings: The stock has 7 buy ratings, 3 hold ratings, and 0 sell ratings.

A look at Baytex Energy Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth2
Resilience2
Momentum3
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts evaluating Baytex Energy‘s long-term outlook using the Smartkarma Smart Scores indicate a favorable position for the company. With a high Value score of 4, Baytex Energy is deemed to offer good value for investors seeking potential growth. While its Dividend and Momentum scores are moderate at 3, signifying a steady dividend payment and a promising market momentum. However, the company’s Growth and Resilience scores are comparatively lower at 2, suggesting room for improvement in terms of future growth prospects and resilience to market fluctuations.

Baytex Energy Corporation, which focuses on exploring and producing oil and natural gas primarily in the Western Canadian Sedimentary Basin and the United States, demonstrates a solid overall outlook based on the Smartkarma Smart Scores. Investors may find Baytex Energy appealing for its strong value proposition, decent dividend yield, and promising market momentum, although there is room for enhancement in terms of growth potential and resilience to market challenges.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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