- Baytex Energy‘s petroleum and natural gas sales for the first quarter reached C$999.1 million, representing a 1.5% increase compared to the previous year.
- The sales figures surpassed the estimated C$906.5 million from analysts.
- Average production for the quarter was 144,194 barrels of oil equivalent per day, which is a 4.3% decline year-over-year.
- Funds from operations (FFO) per share, as adjusted, increased to C$0.60, up from C$0.52 compared to the same period last year.
- Earnings per share (EPS) rose to C$0.090 from a loss of C$0.020 in the previous year, though below the estimated C$0.11.
- Analyst ratings included 4 buys and 6 holds, with no sell recommendations.
A look at Baytex Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
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
According to SmartKarma Smart Scores, Baytex Energy shows a positive long-term outlook based on its high Values score and solid Dividend rating. The company scores full marks for Value, indicating that it is considered undervalued compared to its peers. Additionally, the above-average Dividend score reflects Baytex Energy‘s commitment to rewarding investors through regular payouts. However, the company’s Growth and Momentum scores are on the lower side, suggesting a slow pace in these areas. Despite this, Baytex Energy demonstrates moderate Resilience, indicating it can withstand market fluctuations reasonably well.
Baytex Energy Corporation, primarily operating in the Western Canadian Sedimentary Basin and the United States, appears well-positioned for the long term with its strong Value and Dividend scores. The company’s focus on oil and natural gas exploration coupled with its dividend-paying strategy makes it an attractive choice for investors seeking stability and income generation. While growth and momentum may be areas to watch, Baytex Energy‘s overall outlook seems supported by its solid foundation and resilience in the industry.
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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