Baytex Energy

BTE

Market cap $2.59B

Baytex (BTE) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

BTE, BHP, IOT, GTLB and CMI have been added to the Zacks Rank #1 (Strong Buy) List on December 31st, 2025.

MMS, VIRT and BTE made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 31, 2025.

Baytex Energy Corp. is divesting its U.S. operations to become a wholly Canadian company. BTE's post-divestiture budget assumes a C$52/bbl breakeven. Profitability hinges on heavy oil price discounts to WTI.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

BTE's streamlined strategy, rising cash flows, and earnings momentum make it stand out against steady CNQ heading into 2026.

Calgary, Alberta--(Newsfile Corp. - December 22, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") is pleased to announce its 2026 budget, three-year outlook, executive appointment and Board of Director changes. Highlights 2026 capital budget of $550 to $625 million, targeting 3% to 5% production growth and prioritizing meaningful shareholder returns Improved sustaining breakeven price(1) of US$52/bbl and strong liquidity position Significant portion of Eagle Ford sale proceeds to be returned to shareholders; NCIB to resume, SIB under consideration, and annual dividend expected to be maintained Three-year outlook demonstrates value of streamlined portfolio with sustainable growth at US$60-65 WTI Updated $750 million credit facility extends maturity to 2030 Chad E.

KRP, M and BTE made it to the Zacks Rank #1 (Strong Buy) income stocks list on Dec. 22, 2025.

Calgary, Alberta--(Newsfile Corp. - December 19, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") today announced that it has closed the sale of its U.S. Eagle Ford Assets for net proceeds of US$2.14 billion (approximately $2.96 billion in Canadian dollars) after closing adjustments. This strategic divestiture significantly strengthens Baytex's financial position and sharpens its focus on a high-return Canadian energy platform, positioning the Company for long-term value creation.

BTE cuts debt with a $2.3B Eagle Ford sale, boosting shareholder returns and reshaping its risk-reward profile.