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Last C$11.26 CAD
Change Today -0.71 / -5.93%
Volume 6.5M
BTE On Other Exchanges
Symbol
Exchange
Toronto
New York
Frankfurt
As of 4:31 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

baytex energy corp (BTE) Snapshot

Open
C$11.85
Previous Close
C$11.97
Day High
C$12.04
Day Low
C$10.70
52 Week High
08/29/14 - C$48.78
52 Week Low
07/31/15 - C$10.70
Market Cap
2.3B
Average Volume 10 Days
3.1M
EPS TTM
C$-1.00
Shares Outstanding
206.2M
EX-Date
07/21/15
P/E TM
--
Dividend
C$1.20
Dividend Yield
15.63%
Current Stock Chart for BAYTEX ENERGY CORP (BTE)

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baytex energy corp (BTE) Details

Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, exploitation, and production of oil and natural gas in the Western Canadian Sedimentary Basin and the United States. The company offers heavy oil, light oil, condensate, and natural gas liquids. As of December 31, 2014, it had proved reserves of 283 million barrels of oil equivalent (mmboe); and proved plus probable reserves of 432 mmboe. The company was founded in 1993 and is headquartered in Calgary, Canada.

Founded in 1993

baytex energy corp (BTE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$600.0K
Chief Financial Officer
Total Annual Compensation: C$255.0K
Chief Operating Officer
Total Annual Compensation: C$352.9K
Vice President of US Business Unit
Total Annual Compensation: C$232.1K
Senior Vice President of Marketing
Total Annual Compensation: C$317.9K
Compensation as of Fiscal Year 2014.

baytex energy corp (BTE) Key Developments

Baytex Energy Corp. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Operating Guidance for the Third Quarter of 2015 and Reaffirms Production Guidance for the Year 2015

Baytex Energy Corp. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported petroleum and natural gas sales of CAD 345,432,000 compared to CAD 476,404,000 a year ago. Funds from operations were CAD 158,049,000 compared to CAD 165,503,000 a year ago. Funds from operations per diluted share was CAD 0.77 compared to CAD 1.21 a year ago. The variance in funds from operations is largely due to a decrease in realized financial derivative gains of CAD 61.7 million, offset by higher revenues associated with improved commodity prices. During the second quarter, the company funded 100% of its exploration and development expenditures and cash dividends with funds from operations. Net loss was CAD 26,955,000 compared to net income of CAD 36,799,000 a year ago. Diluted net loss per share was CAD 0.13 compared to diluted earnings per share of CAD 0.27 a year ago. The reduction in its net loss is largely due to higher revenues associated with improved commodity prices combined with a reversal of some of the negative movements on the company’s USD denominated debt due to a modest strengthening of the CAD in the second quarter of 2015 after a significant weakening in the first quarter of 2015. Capital expenditures for exploration and development activities totaled CAD 106.010 million in the quarter, down from CAD 147.429 million in the first quarter and also down from CAD 215 million in the fourth quarter of 2014. For the six months, the company reported petroleum and natural gas sales of CAD 631,047, 000 compared to CAD 862,213,000 a year ago. Funds from operations were CAD 318,270,000 compared to CAD 336,312,000 a year ago. Funds from operations per diluted share were CAD 1.70 compared to CAD 2.54 a year ago. Net loss was CAD 202,871,000 compared to net income of CAD 84,640,000 a year ago. Diluted net loss per share was CAD 1.08 compared to diluted earnings per share of CAD 0.64 a year ago. For the quarter, the company's heavy oil produced was 35,439 bbl/d against 45,986 bbl/d a year ago. Total oil and NGL produced was 69,570 bbl/d against 58,326 bbl/d a year ago. Natural gas produced was 91,456 mcf/d against 51,645 mcf/d a year ago. Oil equivalent produced was 84,812 boe/d against 66,934 boe/d a year ago. For the six months, the company's heavy oil produced was 37,339 bbl/d against 45,611 bbl/d a year ago. Total oil and NGL produced was 72,538 bbl/d against 55,523 bbl/d a year ago. Natural gas produced was 91,234 mcf/d against 46,295 mcf/d a year ago. Oil equivalent produced was 87,744 boe/d against 63,239 boe/d a year ago. For the third quarter of 2015, the company expects to deliver approximately 15,000 bbl/d of heavy oil volumes to market by rail as the company optimizes its heavy oil netbacks. For the year 2015, the company’s production guidance remains unchanged at 84,000 barrels a day to 88,000 barrels a day, with full-year capital spending of CAD 500 million to CAD 575 million. The company’s 2015 capital program remains flexible and allows for adjustments to second half spending based on changes in the commodity price environment.

Baytex Energy Corp. Reports Cash Dividend for the Month of July 2015, Payable on August 14, 2015

Baytex Energy Corp. reported that a cash dividend of $0.10 per common share in respect of July operations will be paid on August 14, 2015 to shareholders of record on July 23, 2015. The ex-dividend date is July 21, 2015. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Baytex Energy Corp., Q2 2015 Earnings Call, Jul 30, 2015

Baytex Energy Corp., Q2 2015 Earnings Call, Jul 30, 2015

 

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Valuation BTE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.8x
Price/Book 0.8x
Price/Cash Flow 8.9x
TEV/Sales 0.5x
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