Baytex Energy (TSE:BTE) Sets New 52-Week High – Here’s What Happened

19 May 2026, 15:11 by Teresa Graham · The Cerbat Gem

Baytex Energy Corp. (TSE:BTE – Get Free Report) (NYSE:BTE)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$7.37 and last traded at C$7.36, with a volume of 3189471 shares changing hands. The stock had previously closed at C$7.10.

Analyst Ratings Changes

A number of research firms have weighed in on BTE. Scotiabank increased their target price on shares of Baytex Energy from C$5.25 to C$5.50 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. ATB Cormark Capital Markets increased their target price on shares of Baytex Energy from C$7.00 to C$8.50 and gave the company a “sector perform” rating in a research report on Friday, May 8th. National Bank Financial increased their target price on shares of Baytex Energy from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research report on Friday, May 8th. TD increased their target price on shares of Baytex Energy from C$6.00 to C$6.50 and gave the company a “hold” rating in a research report on Monday, May 11th. Finally, Raymond James Financial increased their target price on shares of Baytex Energy from C$7.00 to C$8.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$7.00.

Check Out Our Latest Report on BTE

Baytex Energy Price Performance

The stock has a market capitalization of C$5.32 billion, a P/E ratio of -7.66, a PEG ratio of 0.12 and a beta of 0.58. The business has a fifty day simple moving average of C$6.08 and a 200-day simple moving average of C$5.04. The company has a debt-to-equity ratio of 6.84, a quick ratio of 0.77 and a current ratio of 2.15.

Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) last posted its quarterly earnings results on Thursday, May 7th. The company reported C($0.09) earnings per share (EPS) for the quarter. The business had revenue of C$401.37 million for the quarter. Baytex Energy had a negative return on equity of 23.15% and a negative net margin of 83.88%. Sell-side analysts expect that Baytex Energy Corp. will post 0.3703367 earnings per share for the current fiscal year.

Baytex Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, March 13th. Baytex Energy’s dividend payout ratio is presently -7.03%.

Insiders Place Their Bets

In other news, insider Chadwick Kalmakoff bought 15,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average cost of C$5.73 per share, for a total transaction of C$85,950.00. Following the acquisition, the insider directly owned 382,331 shares in the company, valued at approximately C$2,190,756.63. This trade represents a 4.08% increase in their ownership of the stock. Also, insider James Robert Maclean bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average price of C$5.73 per share, for a total transaction of C$57,300.00. Following the completion of the acquisition, the insider owned 185,322 shares in the company, valued at C$1,061,895.06. This represents a 5.70% increase in their ownership of the stock. Insiders have bought a total of 49,800 shares of company stock valued at $293,188 over the last 90 days. 0.83% of the stock is currently owned by corporate insiders.

About Baytex Energy

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