Baytex Energy (NYSE:BTE) Upgraded at Wall Street Zen

Posted by Brenda Bartman on Oct 20th, 2026

Wall Street Zen upgraded shares of Baytex Energy (NYSE:BTE – Free Report) (TSE:BTE) from a hold rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

BTE has been the subject of a number of other reports. TD Securities restated a “hold” rating on shares of Baytex Energy in a research note on Monday, August 3rd. Weiss Ratings upgraded Baytex Energy from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Zacks Research upgraded Baytex Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Baytex Energy in a report on Friday, October 9th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Baytex Energy in a report on Wednesday, September 16th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on BTE

Baytex Energy Stock Up 1.8%

NYSE:BTE opened at $5.41 on Friday. The company has a quick ratio of 2.79, a current ratio of 2.82 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $4.78 and a 200-day moving average of $4.57. Baytex Energy has a 52 week low of $2.18 and a 52 week high of $5.45.

Baytex Energy (NYSE:BTE – Get Free Report) (TSE:BTE) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.09. The business had revenue of $449.32 million for the quarter, compared to the consensus estimate of $218.10 million. Baytex Energy had a negative return on equity of 7.77% and a negative net margin of 26.43%. Sell-side analysts expect that Baytex Energy will post 0.42 EPS for the current year.

Baytex Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were paid a C$0.02 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 15th. Baytex Energy’s payout ratio is currently -8.96%.

Institutional Trading of Baytex Energy

Several institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Baytex Energy during the 2nd quarter valued at about $197,114,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Baytex Energy by 816.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 22,003,118 shares of the oil and gas producer’s stock worth $98,381,000 after purchasing an additional 19,601,808 shares during the last quarter. Encompass Capital Advisors LLC grew its stake in shares of Baytex Energy by 43.9% in the 1st quarter. Encompass Capital Advisors LLC now owns 20,071,614 shares of the oil and gas producer’s stock worth $89,695,000 after purchasing an additional 6,123,098 shares during the last quarter. Ninepoint Partners LP acquired a new position in shares of Baytex Energy in the 2nd quarter worth approximately $68,000,000. Finally, Webs Creek Capital Management LP bought a new stake in shares of Baytex Energy in the 2nd quarter worth approximately $51,086,024. Institutional investors and hedge funds own 46.15% of the company’s stock.

About Baytex Energy

(Get Free Report)

Baytex Energy Corp. (NYSE: BTE) is a Canadian oil and gas exploration and production company headquartered in Calgary, Alberta. The company’s operations are focused on the development and production of crude oil, condensate, natural gas liquids and natural gas.

Baytex’s asset base is concentrated in Western Canada, including the Clearwater and Viking oil plays in Alberta and Saskatchewan, and in the Eagle Ford shale region of South Texas. The company sells its production into North American markets through established pipeline, processing and transportation infrastructure.

Baytex traces its history to the Canadian energy sector in the 1990s and has expanded through a combination of exploration, development and acquisitions.