Baytex Energy Corp (NYSE:BTE) Receives Average Recommendation of “Hold” from Brokerages

Shares of Baytex Energy Corp (NYSE:BTE) (TSE:BTE) have received an average rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities analysts recently weighed in on BTE shares. TD Securities cut Baytex Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Zacks Research raised Baytex Energy from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. TD Cowen cut Baytex Energy from a “buy” rating to a “hold” rating in a report on Friday, January 16th. Canaccord Genuity Group raised Baytex Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Finally, Weiss Ratings cut Baytex Energy from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, March 6th.

Key Headlines Impacting Baytex Energy

Here are the key news stories impacting Baytex Energy this week:

• Positive Sentiment: Baytex raised its production guidance and nearly doubled its 3-year growth outlook, signaling confidence in future operating momentum. Baytex Delivers Strong First Quarter 2026 Results; Raises Production Guidance and Nearly Doubles 3-Year Growth Outlook; CEO Transition Complete
• Positive Sentiment: The company announced a quarterly dividend of C$0.0225 per share, reinforcing its shareholder-return commitment. Baytex Announces Quarterly Dividend for July 2026
• Positive Sentiment: Shareholders approved all items at the annual meeting, removing a governance overhang. Baytex Reports Shareholder Meeting Results
• Neutral Sentiment: Baytex’s earnings call emphasized growth pace and buybacks, which supports the stock but does not change the weak Q1 earnings headline by itself. Baytex Energy Ups Growth Pace and Buybacks
• Negative Sentiment: Q1 adjusted results missed expectations, with EPS of -$0.08 versus a $0.01 estimate, underscoring earnings pressure. Baytex Energy (BTE) Reports Q1 Loss, Tops Revenue Estimates
• Negative Sentiment: Revenue and profitability fell sharply year over year, with revenue down 47.5% and a net loss of $48.4 million, which likely pressured the shares. Baytex Energy Corp. (BTE) Releases Q1 2026 Earnings: Revenue Down 47.5%, Net Loss $48.4M

Hedge Funds Weigh In On Baytex Energy

A number of large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its position in shares of Baytex Energy by 21.4% in the 1st quarter. Bank of New York Mellon Corp now owns 15,038 shares of the oil and gas producer’s stock worth $67,000 after buying an additional 2,652 shares during the last quarter. R Squared Ltd boosted its holdings in Baytex Energy by 76.7% in the first quarter. R Squared Ltd now owns 42,377 shares of the oil and gas producer’s stock worth $189,000 after acquiring an additional 18,400 shares in the last quarter. Kathmere Capital Management LLC lifted its holdings in shares of Baytex Energy by 57.4% during the first quarter. Kathmere Capital Management LLC now owns 30,784 shares of the oil and gas producer’s stock valued at $138,000 after purchasing an additional 11,229 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Baytex Energy by 14.5% during the first quarter. Pictet Asset Management Holding SA now owns 147,895 shares of the oil and gas producer’s stock valued at $659,000 after acquiring an additional 18,767 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in Baytex Energy during the first quarter valued at $124,000. 46.15% of the stock is owned by hedge funds and other institutional investors.

Baytex Energy Stock Performance

NYSE:BTE opened at $4.83 on Friday. The stock has a market cap of $3.52 billion, a P/E ratio of -6.89 and a beta of 0.39. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.05. Baytex Energy has a twelve month low of $1.56 and a twelve month high of $5.24. The business’s 50-day moving average price is $4.27 and its two-hundred day moving average price is $3.53.

Baytex Energy (NYSE:BTE) (TSE:BTE) last announced its quarterly earnings data on Thursday, May 7th. The oil and gas producer reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09). The firm had revenue of $325.64 million for the quarter, compared to analysts’ expectations of $228.04 million. Baytex Energy had a negative net margin of 24.25% and a negative return on equity of 9.78%. As a group, equities analysts predict that Baytex Energy will post 0.18 EPS for the current fiscal year.

Baytex Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 15th will be paid a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 15th. Baytex Energy’s payout ratio is -10.00%.

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.