BTE · NYSE · STOCK
Baytex Energy Corp.
$4.41
52W $1.93 – $5.36
59/100
$3.31B
-6.7
0.57
Is BTE Bullish or Bearish?
Mixed.
Innellis AI committee rates Baytex Energy Corp. (BTE) Watch with a composite score of 59/100
, based on 6 analysts with 50% agreement.
Last updated August 11, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +1.01 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -18.99 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Risk Analyst sees a compelling case — low leverage (debt-to-equity 0.05) -- balance sheet can absorb a shock. Growth Analyst remains cautious — revenue declining -46.3% yoy -- this is not a growth story right now. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.4x is a discount to asset value — Value
- MACD histogram positive -- bullish momentum — Technical
- Low leverage (debt-to-equity 0.05) -- balance sheet can absorb a shock — Risk
- VIX regime is low -- calm backdrop supports risk-taking — Macro
- Market regime is bullish (Bull market -- normal position sizing) — Macro
- News sentiment is positive (+0.25 across 12 articles, 14d) — News
Bear Case
- P/E of 29.2 is moderate-to-rich — Value
- ROE of only 4.9% -- cheap may mean cheap for a reason — Value
- Revenue declining -46.3% YoY -- this is not a growth story right now — Growth
- EPS declining -59.0% YoY despite any revenue growth — Growth
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 11, 2026
Overall Committee Score
59/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 51%
of 90 Energy peers
Value Analyst
neutral
55
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ Price-to-book of 1.4x is a discount to asset value
− P/E of 29.2 is moderate-to-rich
Growth Analyst
bearish
18
/ 100 · Moderate confidence
Growth story is weak, decelerating, or inconsistent
− Revenue declining -46.3% YoY -- this is not a growth story right now
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
Risk Analyst
bullish
80
/ 100 · Low confidence
Risk profile is manageable -- leverage, volatility, and event exposure all look contained
+ Low leverage (debt-to-equity 0.05) -- balance sheet can absorb a shock
Macro Analyst
bullish
78
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
bullish
66
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.25 across 12 articles, 14d)
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 2 existing position pair(s) are highly correlated already
Technical Analysis
RSI (14)
60.3
Neutral
MACD Histogram
0.019
Bullish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Hh Hl
Support
$3.85
Resistance
$5.36
Bollinger %B
0.81
Inside Bands
Price vs Moving Averages
EMA 9
$4.28
Above
EMA 21
$4.25
Above
EMA 50
$4.30
Above
EMA 200
$3.88
Above
Fundamental Analysis
Valuation
97
Profitability
0
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
-6.7×
P/B Ratio
2.05×
PEG Ratio
0.03
Dividend Yield
1.49%
52W High
$5.36
52W Low
$1.93
Quality & Growth
ROE
-2525.2%
ROA
-1803.3%
Gross Margin
470.3%
Operating Margin
5112.6%
Revenue Growth YoY
—
Debt / Equity
0.07
AI Fundamental Assessment
[reduced confidence: limited earnings history] P/E ratio of -6.7 (inexpensive relative to a 15-40x range); Price-to-book of 2.1x; PEG ratio of 0.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of -25.3%; Return on assets of -18.0%; Net margin of -195.9%; Gross margin of 4.7%; Current ratio of 2.82 (healthy short-term liquidity); Debt-to-equity of 0.07; Free cash flow per share is positive (0.37); Earnings-history trend unavailable; growth based on TTM year-over-year only.
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