Baytex Energy (BTE) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -25%. A quarter ago, it was expected that this oil and natural gas company would post earnings of $0.10 per share when it actually produced a loss of $0.01, delivering a surprise of -110%.Over the last four quarters, ...

Calgary, Alberta--(Newsfile Corp. - July 25, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") reports its operating and financial results for the three and six months ended June 30, 2024 (all amounts are in Canadian dollars unless otherwise noted)."We delivered strong second quarter results with higher production, disciplined capital spending and meaningful free cash flow. Importantly and consistent with our full-year plan, we returned $97 million to shareholders through our share buyback prog ...

Calgary, Alberta--(Newsfile Corp. - July 25, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "company") announces that its Board of Directors has declared a quarterly cash dividend of CDN$0.0225 per share to be paid on October 1, 2024 for shareholders of record on September 16, 2024.The U.S. dollar equivalent amount is approximately US$0.0163 per share assuming a foreign exchange rate of 1.38 CAD/US. Payments to shareholders who are not residents of Canada will be net of any Canadian wi ...

Baytex Conference Call and Webcast on Second Quarter 2024 Results to be held on July 26, 2024July 18, 2024 5:00 PM EDT | Source: Baytex Energy Corp.Calgary, Alberta--(Newsfile Corp. - July 18, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) will release its second quarter 2024 financial and operating results after the close of markets on Thursday July 25, 2024. A conference call and webcast will be held on Friday July 26, 2024 to discuss the results:Date: Friday July 26, 2024Time: 9:00 a.m. ...

You get what you pay for and that applies to the equities sector as well. Sure, you can always filter for ideas that are cheap in price. The problem with this approach is that, more often than not, you’re also getting cheap businesses. What’s worse, these entities can get even cheaper – that’s not what you want as an investor. Fortunately, there are many compelling ideas among stocks to buy under $10.A key mathematical benefit to equities in this price class is the law of small numbers. When you’re dealing ...

One of the investment sectors in which it’s difficult to address the “why” component is the hydrocarbon ecosystem. With the political and ideological winds favoring clean and renewable energy infrastructures, why would anyone consider fossil fuels, even if they were billed as discounted oil stocks?It’s a simple answer. No matter what you hear from green energy apologists, the world still runs on oil. Evidence indicates that the hydrocarbon sector’s relevancy will extend longer than many people anticipate.Th ...

Calgary, Alberta--(Newsfile Corp. - June 26, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "company") is pleased to announce that the Toronto Stock Exchange ("TSX") has accepted the company's notice of intention to renew its normal course issuer bid ("NCIB"). The renewed NCIB allows Baytex to purchase up to 70,112,570 common shares during the 12-month period commencing July 2, 2024 and ending July 1, 2025 or such earlier time as the NCIB is completed or terminated at the option of Bay ...

zhengzaishuru Baytex Energy (NYSE:BTE) (TSX:BTE:CA) reported solid Q1 2024 results that were in-line with expectations and left its full-year guidance unchanged. Baytex is now benefiting from the completion of the Trans Mountain Pipeline expansion, which has reduced the WCS differential by around US$7 compared to Q1 2024. However, WTI oil prices have declined a bit after OPEC's decision to gradually reduce its oil production cuts. Since Baytex's oil hedges only offer protection if WTI prices fall below ...

财务数据和关键指标变化 - 公司在Q1实现了15%的每股产量增长,平均日产量超过150,600桶油当量,其中84%为原油和天然气液体 [7][8] - 公司Q1调整后的现金流为4.24亿加元,同比增长21% [12] - 公司Q1资本支出为4.13亿加元,占全年指导范围的三分之一 [8] - 公司预计2024年将产生约7亿加元的自由现金流 [9] 各条业务线数据和关键指标变化 - 加拿大轻质油业务:完成了彭比纳Duvernay的2024年钻井计划,并在Viking地区执行了另一个成功的冬季钻井计划 [25][26] - 加拿大传统重油业务:Peavine持续超出预期,公司还在Morinville和大Cold Lake地区跟进了早期勘探成功 [27][28] - 美国Eagle Ford业务:公司在黑油、挥发油和凝析油热成熟窗口持续交付强劲业绩,Q1投产了19口井 [21][22][23] 各个市场数据和关键指标变化 - 加拿大西部原油出口能力的增加,导致西部加拿大的基差差异缩小 [10] - 公司在美国Eagle Ford地区的轻质原油和凝析油产品获得美国墨西哥湾海岸的溢价定价 [10] 公司战略和发展方向及行业竞争 - 公司在Pembina Duvernay地区新增31个净节地块,将核心Pembina Duvernay地块扩大到142个净节,为未来增长提供了重要潜力 [31] - 公司计划未来5年内将Duvernay产量提高到20,000桶油当量/天以上 [123][124] - 公司将资产组合进行定期评估,如果某些资产在公司内部无法充分竞争,且在市场上价值更高,公司会考虑出售 [126][127][128][129][130] 管理层对经营环境和未来前景的评论 - 管理层对公司在极端天气和重大事件中保持安全高效运营表示赞赏 [30] - 管理层对公司2024年的财务和运营表现保持乐观,预计将产生大量自由现金流并为股东带来丰厚回报 [7][9][32] - 管理层认为公司目前的股价表现未能充分反映资产价值,但相信通过持续的运营和资本配置优化,最终能够实现股价的合理估值 [141][142][143][144] 问答环节重要的提问和回答 问题1 **Menno Hulshof 提问** 能否就公司页岩油再压裂项目的经济性做进一步说明,包括全成本和预期收益率? [36][37] **Eric Greager 回答** 页岩油再压裂项目的经济性很强,预期内部收益率超过100%。公司将谨慎选择再压裂候选井,确保不会影响主体开发计划,并计划逐步增加再压裂规模,以提高整体资本效率 [38][39][40] 问题2 **Amir Arif 提问** 公司是否考虑未来进一步降低债务水平,并相应调整套期保值策略? [68][69][70] **Eric Greager 回答** 公司将继续根据债务水平的下降,线性降低套期保值规模。当债务杠杆降至1倍以下时,套期保值规模将从40%降至30%,并将随着债务进一步下降而继续降低 [69][70] 问题3 **Brian Ector 提问** 公司对管理层薪酬政策的考虑是什么?是否有股票期权激励? [137][138][139][140] **Eric Greager 回答** 公司管理层薪酬政策强调高比例的风险薪酬,与公司总股东回报挂钩。此外,管理层自身也持有大量公司股票,与股东利益高度一致。公司整体薪酬水平低于同行业中值 [138][139][140]

Zacks Rank系统 - Zacks专注于Zacks Rank系统，强调盈利预期和预期修订，以找到优质股票[1] 价值投资 - 价值投资是发现强劲股票的最受欢迎的方法之一[2] Baytex Energy (BTE) - BTE目前具有Zacks Rank 2（买入）和价值评级A[4] - BTE的P/E比率为6.94，低于行业平均值10.94[4] - BTE的P/B比率为1.05，低于行业平均值1.99[5] - BTE的P/S比率为1.19，低于行业平均值2.01[6] - BTE的P/CF比率为5.01，低于行业平均值5.47[7] - BTE目前被认为是被低估的价值股之一[9]