BTE Stock Recent News

Here is how Baytex Energy (BTE) and Enerplus (ERF) have performed compared to their sector so far this year.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here is how Baytex Energy (BTE) and Kodiak Gas Services (KGS) have performed compared to their sector so far this year.

Baytex (BTE) could produce exceptional returns because of its solid growth attributes.

Baytex is now projected to generate US$528 million in 2024 free cash flow at the current strip. This is US$138 million higher than it forecast in December 2023, as it benefits from improved oil prices and collars with a ceiling above the current strip. It paid approximately US$44 million for US$200 million in insurance related to its Canadian tax dispute.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Baytex Energy's cash flows are very levered to oil prices. The company expects to generate C$575 million in free cash flow this year based on current strip prices, but at higher oil prices, it could double. The stock could see some near-term pressure as new shares open up to trade following an acquisition last year.

Baytex Energy Corp. (BTE) Q4 2023 Earnings Call Transcript

Calgary, Alberta--(Newsfile Corp. - February 21, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) will release its fourth quarter and full year 2023 financial operating results after the close of markets on Wednesday February 28, 2024. A conference call and webcast will be held on Thursday February 29, 2024 to discuss the results:  Date:   Thursday February 29, 2024      Time:  9:00 a.m.

Baytex Energy has completed a major acquisition and must now justify it to shareholders through earnings and operational improvements. The acquisition of Eagle Ford properties has lowered the company's corporate breakeven due to lower operating costs. Management will compare the results of acquired Eagle Ford wells with those operated by Marathon and aim to decrease well costs while maintaining and probably increasing production levels.