Baytex Energy Corp. (BTE)
NYSE: BTE · IEX Real-Time Price · USD
3.680
+0.050 (1.38%)
May 31, 2024, 4:00 PM EDT - Market closed
Baytex Energy Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Baytex Energy stock have an average target of 7.25, with a low estimate of 5.50 and a high estimate of 9.00. The average target predicts an increase of 97.01% from the current stock price of 3.68.
Analyst Consensus: Buy
* Price targets were last updated on Jun 21, 2023.
Analyst Ratings
The average analyst rating for Baytex Energy stock from 2 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 | Jan '23 | Feb '23 | Mar '23 | Apr '23 | May '23 | Jun '23 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 1 | 1 | 1 | 0 |
| 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 | 2 | 2 | 3 | 3 | 3 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Hold Maintains $6 → $5.5 | Hold | Maintains | $6 → $5.5 | +49.46% | Jun 21, 2023 |
| RBC Capital | RBC Capital | Buy Reiterates $9 | Buy | Reiterates | $9 | +144.57% | Jun 15, 2023 |
| BMO Capital | BMO Capital | Hold Maintains $6 | Hold | Maintains | $6 | +63.04% | May 5, 2023 |
| RBC Capital | RBC Capital | Buy Maintains $9 | Buy | Maintains | $9 | +144.57% | 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
3.87B
from 2.71B
Increased by 42.77%
Revenue Next Year
4.05B
from 3.87B
Increased by 4.44%
EPS This Year
0.39
from -0.33
EPS Next Year
0.55
from 0.39
Increased by 40.87%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.6B | 4.8B | 3.3B | 3.4B | 3.4B |
| Avg | 3.9B | 4.0B | 3.2B | 3.2B | 3.3B |
| Low | 3.2B | 3.3B | 3.1B | 3.1B | 3.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 70.3% | 23.0% | -19.0% | 6.4% | 6.8% |
| Avg | 42.8% | 4.4% | -22.1% | 2.3% | 2.7% |
| Low | 17.4% | -15.1% | -24.4% | -0.7% | -0.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.45 | 0.69 | -0.16 |
| Avg | 0.39 | 0.55 | -0.15 |
| Low | 0.29 | 0.40 | -0.15 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 79.0% | - |
| Avg | - | 40.9% | - |
| Low | - | 3.8% | - |
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.