Baytex Energy (NYSE:BTE) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Baytex Energy (NYSE:BTE) (TSE:BTE) posted its quarterly earnings results on Thursday. The oil and gas producer reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09), Zacks reports. Baytex Energy had a negative return on equity of 9.78% and a negative net margin of 24.25%.The business had revenue of $325.64 million for the quarter, compared to analyst estimates of $228.04 million.

Here are the key takeaways from Baytex Energy’s conference call:

• Baytex Energy held its annual shareholder meeting virtually, with management outlining how shareholders could participate, ask questions, and vote through the Lumi platform.
• The company reported that a quorum was present and that all resolutions received the required approvals, indicating shareholder support for the meeting’s proposals.
• All nominated directors were duly elected to Baytex’s board, including Mark Bly, Trudy Curran, Chad Lundberg, Don Hrap, Jennifer Maki, David Pearce, Steve Reynish, and Jeffrey Wojahn.
• Shareholders approved the appointment of KPMG LLP as auditor until the next annual meeting, with compensation to be set by the board.
• The advisory vote on executive compensation also passed, and Baytex said detailed voting results would be released within 48 hours.

Baytex Energy Trading Down 0.7%

Shares of Baytex Energy stock traded down $0.04 during trading on Friday, hitting $4.83. The company’s stock had a trading volume of 14,639,630 shares, compared to its average volume of 22,169,316. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of -6.89 and a beta of 0.39. Baytex Energy has a 52 week low of $1.56 and a 52 week high of $5.24. The stock has a 50-day moving average price of $4.27 and a two-hundred day moving average price of $3.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.61 and a quick ratio of 3.61.

Baytex Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 15th. Baytex Energy’s payout ratio is -8.57%.

Baytex Energy News Roundup

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

• Positive Sentiment: Baytex raised its production guidance and nearly doubled its 3-year growth outlook, signaling confidence in future operating momentum. Baytex Delivers Strong First Quarter 2026 Results; Raises Production Guidance and Nearly Doubles 3-Year Growth Outlook; CEO Transition Complete
• Positive Sentiment: The company announced a quarterly dividend of C$0.0225 per share, reinforcing its shareholder-return commitment. Baytex Announces Quarterly Dividend for July 2026
• Positive Sentiment: Shareholders approved all items at the annual meeting, removing a governance overhang. Baytex Reports Shareholder Meeting Results
• Neutral Sentiment: Baytex’s earnings call emphasized growth pace and buybacks, which supports the stock but does not change the weak Q1 earnings headline by itself. Baytex Energy Ups Growth Pace and Buybacks
• Negative Sentiment: Q1 adjusted results missed expectations, with EPS of -$0.08 versus a $0.01 estimate, underscoring earnings pressure. Baytex Energy (BTE) Reports Q1 Loss, Tops Revenue Estimates
• Negative Sentiment: Revenue and profitability fell sharply year over year, with revenue down 47.5% and a net loss of $48.4 million, which likely pressured the shares. Baytex Energy Corp. (BTE) Releases Q1 2026 Earnings: Revenue Down 47.5%, Net Loss $48.4M

Institutional Investors Weigh In On Baytex Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Magnetar Financial LLC acquired a new position in shares of Baytex Energy in the fourth quarter worth approximately $35,000. Bank of Nova Scotia bought a new position in Baytex Energy during the 3rd quarter worth approximately $26,000. Jump Financial LLC acquired a new position in shares of Baytex Energy in the 4th quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd increased its holdings in Baytex Energy by 98.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 13,490 shares of the oil and gas producer’s stock worth $44,000 after purchasing an additional 6,691 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Baytex Energy in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 46.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BTE shares. Canaccord Genuity Group upgraded shares of Baytex Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Scotiabank reissued an “outperform” rating on shares of Baytex Energy in a research note on Tuesday, April 21st. TD Cowen cut shares of Baytex Energy from a “buy” rating to a “hold” rating in a research note on Friday, January 16th. Zacks Research upgraded shares of Baytex Energy from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Finally, Raymond James Financial upgraded Baytex Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Baytex Energy Company Profile

Baytex Energy Corp. is an oil & gas exploration and production company. The firm engages in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company was founded on June 3, 1993 and is headquartered in Calgary, Canada.