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.
Does Baytex Energy (BTE) have what it takes to be a top stock pick for momentum investors? Let's find out.
Here is how Baytex Energy (BTE) and Warrior Met Coal (HCC) have performed compared to their sector so far this year.
WTI, DTI and BTE shine as sub-$5 energy plays are backed by strong fundamentals amid signs of stabilizing oil markets.
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 Warrior Met Coal (HCC) have performed compared to their sector so far this year.
Baytex (BTE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Baytex Energy reported higher oil output and a more valuable production mix in Q3 2025. BTE's Duvernay leases add new light oil growth alongside Eagle Ford production. Year-round Eagle Ford activity differentiates BTE from other Canadian peers.
Baytex Energy (BTE) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.17 per share a year ago.
Baytex Energy is well-positioned to benefit from Canada's heavy oil boom. Rapid payback periods, even at lower commodity prices, make heavy oil a desirable commodity to produce. Competitor Tamarack Valley demonstrates strong returns in the Clearwater area.
Baytex Energy's recent Pembina Duvernay wells have reported strong early production results. It has also reduced development costs there and expects to triple or quadruple its Pembina Duvernay production by 2029 to 2030. Oil prices have rebounded to the mid-$60s, resulting in over US$200 million in projected 2H 2025 free cash flow.
Industry contraction is likely as political uncertainty persists. Baytex Energy stands out for its ability to operate profitably at lower costs. Current oil prices are nearing levels where high-cost production will be shut in.