Baytex Energy (NYSE:BTE – Get Free Report) and Calumet (NASDAQ:CLMT – Get Free Report) are both mid-cap energy companies, but which is the better stock? We will compare the two companies based on the strength of their profitability, analyst recommendations, valuation, institutional ownership, dividends, earnings and risk.
Analyst Ratings
This is a breakdown of current ratings and target prices for Baytex Energy and Calumet, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Baytex Energy | 1 | 6 | 2 | 2 | 2.45 |
| Calumet | 1 | 4 | 2 | 0 | 2.14 |
Calumet has a consensus price target of $51.75, indicating a potential downside of 6.39%. Given Calumet’s higher possible upside, analysts clearly believe Calumet is more favorable than Baytex Energy.
Valuation and Earnings
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Baytex Energy | $2.56 billion | 1.25 | -$432.12 million | ($0.67) | -6.90 |
| Calumet | $4.14 billion | 1.17 | -$33.80 million | ($1.55) | -35.66 |
Calumet has higher revenue and earnings than Baytex Energy. Calumet is trading at a lower price-to-earnings ratio than Baytex Energy, indicating that it is currently the more affordable of the two stocks.
Profitability
This table compares Baytex Energy and Calumet’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Baytex Energy | -26.43% | -7.77% | -4.86% |
| Calumet | -2.98% | N/A | -4.24% |
Risk and Volatility
Baytex Energy has a beta of 0.4, suggesting that its share price is 60% less volatile than the S&P 500. Comparatively, Calumet has a beta of 0.78, suggesting that its share price is 22% less volatile than the S&P 500.
Insider and Institutional Ownership
46.1% of Baytex Energy shares are owned by institutional investors. Comparatively, 34.4% of Calumet shares are owned by institutional investors. 0.8% of Baytex Energy shares are owned by insiders. Comparatively, 3.2% of Calumet shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Summary
Calumet beats Baytex Energy on 8 of the 14 factors compared between the two stocks.
About Baytex Energy
Baytex Energy Corp. is an oil & gas exploration and production company. The firm engages in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company was founded on June 3, 1993 and is headquartered in Calgary, Canada.
About Calumet
Calumet, Inc. engages in the manufacturing, formulating, and marketing of a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. It operates through the following segments: Specialty Products & Solutions, Performance Brands, Montana/Renewables, and Corporate. The Specialty Products & Solutions segment consists of customer-focused solutions and formulations businesses, covering multiple specialty product lines, anchored by a unique integrated complex in Northwest Louisiana. The Performance Brands segment includes a fast-growing portfolio of high-quality, high performing brands. The Montana/Renewables segment is composed of a Great Falls specialty asphalt facility and Montana Renewables facility. The Corporate segment focuses on the general and administrative expenses not allocated to the Montana/Renewables, Specialty Products and Solutions, or Performance Brands segments. The company was founded in 1919 and is headquartered in Indianapolis, IN.
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