Baytex Energy (NYSE:BTE) Shares Gap Down – Here’s Why

Posted by Brenda Bartman on Jun 17th, 2026

Baytex Energy Corp (NYSE:BTE – Get Free Report) (TSE:BTE)’s share price gapped down prior to trading on Monday . The stock had previously closed at $4.64, but opened at $4.39. Baytex Energy shares last traded at $4.3420, with a volume of 2,672,930 shares trading hands.

Analyst Upgrades and Downgrades

BTE has been the subject of a number of recent research reports. Scotiabank reissued an “outperform” rating on shares of Baytex Energy in a research report on Tuesday, April 21st. Zacks Research raised shares of Baytex Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Raymond James Financial raised shares of Baytex Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 30th. TD Securities reissued a “hold” rating on shares of Baytex Energy in a research report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Baytex Energy in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

View Our Latest Stock Report on BTE

Baytex Energy Stock Performance

The stock’s 50-day moving average price is $4.74 and its 200-day moving average price is $3.97. The company has a market cap of $2.94 billion, a P/E ratio of -5.84 and a beta of 0.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.15 and a quick ratio of 2.12.

Baytex Energy (NYSE:BTE – Get Free Report) (TSE:BTE) last posted its quarterly earnings results on Thursday, May 7th. The oil and gas producer reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09). The company had revenue of $325.64 million during the quarter, compared to analyst estimates of $228.04 million. Baytex Energy had a negative net margin of 24.25% and a negative return on equity of 10.85%. Equities analysts anticipate that Baytex Energy Corp will post 0.34 EPS for the current year.

Baytex Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors 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 2.2%. The ex-dividend date of this dividend is Monday, June 15th. Baytex Energy’s payout ratio is -10.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BTE. Goldman Sachs Group Inc. raised its stake in Baytex Energy by 110.6% in the first quarter. Goldman Sachs Group Inc. now owns 7,127,074 shares of the oil and gas producer’s stock valued at $15,893,000 after purchasing an additional 3,743,234 shares in the last quarter. Jane Street Group LLC raised its stake in Baytex Energy by 446.3% in the first quarter. Jane Street Group LLC now owns 2,646,885 shares of the oil and gas producer’s stock valued at $5,903,000 after purchasing an additional 2,162,346 shares in the last quarter. Geode Capital Management LLC raised its stake in Baytex Energy by 19.0% in the second quarter. Geode Capital Management LLC now owns 1,802,016 shares of the oil and gas producer’s stock valued at $3,226,000 after purchasing an additional 287,454 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Baytex Energy by 10.7% in the second quarter. Russell Investments Group Ltd. now owns 144,757 shares of the oil and gas producer’s stock valued at $261,000 after purchasing an additional 14,050 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Baytex Energy by 18.4% in the second quarter. Invesco Ltd. now owns 465,450 shares of the oil and gas producer’s stock valued at $833,000 after purchasing an additional 72,431 shares in the last quarter. Institutional investors and hedge funds own 46.15% of the company’s stock.

Baytex Energy Company Profile

(Get Free Report)

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.