Baytex Energy (TSE:BTE) Cut to Hold at Raymond James Financial

Raymond James Financial cut shares of Baytex Energy (TSE:BTE) (NYSE:BTE) from a moderate buy rating to a hold rating in a research report released on Thursday, Marketbeat reports. Raymond James Financial currently has C$5.50 price objective on the stock.

A number of other brokerages have also recently commented on BTE. Canaccord Genuity Group cut Baytex Energy from a “buy” rating to a “hold” rating and dropped their price target for the company from C$5.00 to C$4.75 in a research report on Tuesday, January 27th. BMO Capital Markets raised shares of Baytex Energy from a “hold” rating to an “outperform” rating and boosted their price target for the company from C$3.00 to C$6.00 in a research report on Thursday, November 13th. Royal Bank Of Canada cut shares of Baytex Energy from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 13th. Scotiabank lifted their price objective on shares of Baytex Energy from C$5.25 to C$5.50 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Finally, TD Securities cut shares of Baytex Energy from a “buy” rating to a “hold” rating and set a C$5.00 target price on the stock. in a report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$5.32.

Baytex Energy Trading Down 0.9%

Shares of BTE stock opened at C$5.38 on Thursday. The company has a 50 day moving average of C$4.78 and a 200-day moving average of C$4.05. The company has a quick ratio of 0.77, a current ratio of 0.58 and a debt-to-equity ratio of 48.05. Baytex Energy has a 12-month low of C$1.91 and a 12-month high of C$5.64. The firm has a market cap of C$4.13 billion, a P/E ratio of 19.21, a PEG ratio of 0.12 and a beta of 0.94.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C($1.11) EPS for the quarter. Baytex Energy had a return on equity of 5.16% and a net margin of 5.60%. Sell-side analysts anticipate that Baytex Energy will post 0.3703367 earnings per share for the current year.

Baytex Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.0225 per share. The ex-dividend date is Friday, March 13th. This represents a $0.09 annualized dividend and a dividend yield of 1.7%. Baytex Energy’s dividend payout ratio is currently 32.14%.

Insider Transactions at Baytex Energy

In other news, insider Chad Lundberg acquired 11,500 shares of the business’s stock in a transaction dated Tuesday, December 30th. The stock was bought at an average cost of C$4.36 per share, for a total transaction of C$50,140.00. Following the completion of the transaction, the insider owned 532,801 shares of the company’s stock, valued at C$2,323,012.36. The trade was a 2.21% increase in their ownership of the stock. Also, Director Mark Bly acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were acquired at an average cost of C$4.50 per share, with a total value of C$90,000.00. Following the purchase, the director directly owned 575,638 shares of the company’s stock, valued at C$2,590,371. This trade represents a 3.60% increase in their position. Corporate insiders own 0.83% of the company’s stock.

More Baytex Energy News

Here are the key news stories impacting Baytex Energy this week:

• Positive Sentiment: National Bank Financial raised its price target to C$5.75 and upgraded Baytex to “outperform,” signaling stronger analyst conviction and potential buying interest. Read More.
• Positive Sentiment: Baytex declared a quarterly dividend of C$0.0225 per share (annualized yield ~1.7%), with record and payment dates on April 1 — a signal of management intent to return cash to shareholders that can support sentiment despite the recent loss. Read More.
• Neutral Sentiment: TD Securities nudged its target up to C$5.50 but maintained a “hold” rating, a modest endorsement that may limit upside momentum. Read More.
• Neutral Sentiment: Baytex published its Q4 2025 earnings call/transcript material and related transcripts — useful for investors evaluating management commentary on production, costs and capital allocation but not market-moving by itself. Read More.
• Neutral Sentiment: Company announced an internal succession: President/COO Lundberg will succeed Greager as CEO. Internal promotions can reduce disruption risk, but impact depends on investor confidence in the new CEO’s execution. Read More.
• Negative Sentiment: Baytex reported a quarterly loss of C($1.11) EPS for Q4 2025 — a clear near-term earnings negative that raises questions about payout sustainability and free cash flow generation. Read More.
• Negative Sentiment: Analyst actions are mixed: Raymond James downgraded Baytex from “moderate buy” to “hold” (C$5.50 PT), which weakens the bullish analyst narrative and may reduce buying from institutional accounts. Read More.
• Negative Sentiment: Coverage pieces questioned whether the larger Q4 loss combined with the CEO change can realistically support current dividend commitments — this narrative increases downside risk if investors fear dividend cuts or capital reallocation. Read More.

Baytex Energy Company Profile

Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.