Latest news with #BTE
Yahoo
22-05-2025
- Business
- Yahoo
Why Did Baytex Energy (BTE) Stock Fall This Week?
The share price of Baytex Energy Corp. (NYSE:BTE) fell by 15.46% between May 13 and May 20, 2025, putting it among the . Let's shed some light on the development. An oil platform in the sea, illuminated by a sunset, showing the companies power. Baytex Energy Corp. (NYSE:BTE) is engaged 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. Baytex Energy Corp. (NYSE:BTE) reported mixed results for its Q1 2025 earlier this month, with its $0.07 falling below estimates by $0.02. However, the company's revenue of $723.37 million managed to top expectations by almost $77 million. Baytex witnessed a 2% YoY increase in production per basic share during the quarter and generated $53 million in free cash, with $30 million returned to shareholders in the form of dividends and buybacks. The share price of Baytex Energy Corp. (NYSE:BTE) surged last week after the global crude oil prices gained following a trade truce between the U.S. and China. However, the stock has fallen since then, probably due to investors taking their profits and also the slight decline in crude oil price. While we acknowledge the potential of BTE to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BTE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None. Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Why Did Baytex Energy (BTE) Stock Fall This Week?
The share price of Baytex Energy Corp. (NYSE:BTE) fell by 15.46% between May 13 and May 20, 2025, putting it among the . Let's shed some light on the development. An oil platform in the sea, illuminated by a sunset, showing the companies power. Baytex Energy Corp. (NYSE:BTE) is engaged 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. Baytex Energy Corp. (NYSE:BTE) reported mixed results for its Q1 2025 earlier this month, with its $0.07 falling below estimates by $0.02. However, the company's revenue of $723.37 million managed to top expectations by almost $77 million. Baytex witnessed a 2% YoY increase in production per basic share during the quarter and generated $53 million in free cash, with $30 million returned to shareholders in the form of dividends and buybacks. The share price of Baytex Energy Corp. (NYSE:BTE) surged last week after the global crude oil prices gained following a trade truce between the U.S. and China. However, the stock has fallen since then, probably due to investors taking their profits and also the slight decline in crude oil price. While we acknowledge the potential of BTE to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BTE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Entertainment
- Yahoo
Scarlett Johansson's Prada Chiffon Dress Captures the Spotlight at ‘A Private Life' Premiere During Cannes Film Festival 2025
Scarlett Johansson had a Prada day at the Cannes Film Festival. The actress, who is making her directorial debut at the event with 'Eleanor the Great,' wore the brand's Sable dress for the film's screening on Tuesday morning and later changed into another Prada design for the 'A Private Life' red carpet. Johansson's dress, made of a light blue chiffon fabric, featured a structured, ruched bodice with horizontal pleating and a drop-waist silhouette that transitioned into a flowing, ethereal skirt. The soft pastel color of her dress contrasted with the bold red carpet, capturing the spotlight. More from WWD Imogen Poots on Working With Rodarte, Kristen Stewart and Embracing 'BTE' Elsa Hosk Goes Ethereal in Strapless Anastasia Zadorina Gown With Feather Detailing for 'Vie Privée' Premiere at 2025 Cannes Film Festival Chopard's Universe Is an Enchanted Forest Filled With Fashion The actress wore her hair styled in a sleek top knot and completed her look with dangling diamond earrings and a bold red lip color. Johansson was accompanied by her husband, 'Saturday Night Live' member Colin Jost, and two actresses she directed in 'Eleanor the Great,' June Squibb and Erin Kellyman. A Prada ambassador since 2023, Johansson often wears the Italian brand on red carpets. She also starred in campaigns for the luxury house, including the 2024 commercial ad directed by Oscar-winning filmmaker Jonathan Glazer with creative direction by Ferdinando Verderi. Kate Young styled Johansson for the Cannes Film Festival. The stylist has also collaborated with Dakota Johnson, who was in Cannes promoting her latest film, 'Splitsville.' The 2025 Cannes Film Festival concludes on Saturday. Films premiering at this year's festival include Wes Anderson's 'The Phoenician Scheme,' Julia Ducournau's 'Alpha' and Lynne Ramsay's 'Die, My Love.' View Gallery Launch Gallery: Cannes Film Festival 2025: Best Dressed Guests, Live Updates Best of WWD Inside Jackie Kennedy's Three Engagement Rings: Untold Stories of the Love, Loss and Luxury Behind Her Iconic Jewelry Vittoria Ceretti's Runway Modeling & Red Carpet Photos Through the Years [PHOTOS] Zara Tindall's Royal Style Through the Years: Equestrian Influences, Formal Occasions and More, Photos
Yahoo
05-05-2025
- Business
- Yahoo
Baytex: Q1 Earnings Snapshot
CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Baytex Energy Corp. (BTE) on Monday reported first-quarter net income of $48.5 million, after reporting a loss in the same period a year earlier. The Calgary, Alberta-based company said it had profit of 6 cents per share. The oil and natural gas company posted revenue of $696 million in the period. In the final minutes of trading on Monday, the company's shares hit $1.53. A year ago, they were trading at $3.53. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on BTE at Sign in to access your portfolio
Yahoo
23-04-2025
- Business
- Yahoo
Is Baytex Energy Corp. (BTE) the Best Canadian Penny Stock to Invest in Now?
We recently published a list of In this article, we are going to take a look at where Baytex Energy Corp. (NYSE:BTE) stands against other best Canadian penny stocks to invest in now. We define penny stocks as shares trading under $5.00, which usually fall into the small cap category. As illustrated by the performance of thematic ETFs, the small cap factor, which performed well historically, fell out of favor sometime in the mid-2010s and has kept underperforming ever since. The 2023-2024 period brought even stronger underperformance of penny stocks, as the proliferation of the AI trend created disproportionate opportunities across the market, favoring only a handful of large capitalization big tech names. This was an important factor in explaining the difference in cross-country stock market returns as well – for example, the Canadian stock market has largely moved in sync or even occasionally outperformed the US market during the first decade of the century, until a noticeable decoupling took place in the early 2010s. Besides lagging on productivity improvement and different monetary policies, the size factor clearly played a role, as Canada lacks big tech players to capitalize on the rapid technological advancements that took place during the 2010s. READ ALSO: 10 Best Canadian Stocks to Buy According to Billionaires As a result, both the Canadian and small-size factors have found themselves at multi-year lows relative to the US stock market at the end of calendar 2024. While many investors make reactive decisions and avoid stocks with historical underperformance, the smart way to make money is to often take contrarian bets based on forward-looking signals that may suggest a reversal in the previous tendencies. The main questions to answer in this article are the following: will the small cap factor and Canada stocks become favored again and able to outperform their large cap and US counterparts? When discussing the small factor, we get to see that its recent 2023-2024 underperformance was accelerated by rising stock market concentration to record levels. External data suggests that the 2024 US stock market concentration, as measured by the share of the top 10 largest companies in the total market, was at a record 38%, significantly above the historical average of around 24%. This means that most of the stock market returns were driven by a handful of companies favored by AI-related FOMO which overstretched their market valuations. In a scenario where large caps perform well, the small caps fall out of favor automatically, by setup. History shows, however, that concentration tends to revert to the mean – this is already happening in 2025 as the Magnificent 7 ETF, which includes the largest big tech stocks, has significantly underperformed the broad market, decreasing its concentration. Furthermore, the small cap factor tends to perform well when the economy is growing, interest rates are low and capital moves freely to riskier assets – while we aren't there yet, the stock market is a forward-looking animal that tends to anticipate economic developments 6-12 months ahead. We believe small caps and particularly penny stocks may start performing well in anticipation of lower interest rates and better economic conditions in 2026 and beyond, past the current tariff turmoil and other uncertainties induced by rapid policy changes brought by the new US administration. There are reasons to expect an improvement in the performance of Canadian stocks relative to the US market. First, the Trump Tariff Turmoil has much worse potential implications for the US than it does for Canada – the US has put its entire export/import base at risk of retaliation, while Canada only risks tariffs for its US exports (and likely at a lower overall tariff rate). Second, the breaking of economic and ideological ties with the new US administration could lead to an overall mobilization of the Canadian people and political class, and drive several positive developments: (1) substitution of US consumer brands with local Canadian brands; (2) accelerating investments into the mining/energy infrastructure and pipelines to create alternative paths and markets for the main Canadian product, which is commodities. Both (1) and (2) would have positive implications for the entire Canadian stock market and economy. The main takeaway for readers is that combining the small size factor with the Canadian factor could lead to substantial outperformance relative to the US market which witnesses heightened uncertainty and negative returns year-to-date. In such a scenario, Canadian penny stocks appear the ideal securities to pick for a bet on both factors, which would be contrarian to the trends we witnessed in the last 10 years. To compile our list of best Canadian penny stocks we use a stock screener to filter for Canadian companies trading in the US with a stock price below $5.00. Then we compared the list with our proprietary Q4 2024 database of hedge funds' ownership and included in the article the top 13 stocks with the largest number of hedge funds owning the stock, ranked in ascending order. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our rese arch has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). An oil platform in the sea, illuminated by a sunset, showing the companies power. Baytex Energy Corp. (NYSE:BTE) is an oil and gas company that focuses on the acquisition, development, and production of crude oil and natural gas, with operations in both Canada and the US. The company's asset portfolio includes both light oil and heavy oil operations, covering approximately 269,000 gross acres in total. BTE was included on our recent list of 8 Best Value Penny Stocks to Invest in Now. Baytex Energy Corp. (NYSE:BTE) delivered a strong performance in 2024, generating $656 million in free cash flow with over 70% generated in 2H 2024. The company achieved 10% production per share growth, improved cash cost structure by 5% on a barrel of energy (BOE) basis, increased net asset value per share by 13%, and reduced net debt by 5% in Canadian dollar terms and 13% in USD terms. Through their balanced shareholder return framework, they allocated approximately half of the free cash flow to debt reduction and the remainder to shareholder returns through share buybacks and quarterly dividends. Baytex Energy Corp. (NYSE:BTE) demonstrated strong operational execution across its portfolio, with notable improvements in the Eagle Ford where they achieved an 8% improvement in operated drilling and completion costs per completed lateral foot over 2023. For 2025, BTE maintains unchanged guidance with exploration and development expenditures of $1.2 billion to $1.3 billion and production of 150,000 BOE a day at the midpoint. The company plans to continue its efficient development pace in the Eagle Ford, further advance the Pembina Duvernay, and maintain efficient heavy oil development along with level Viking operations. At a stable $70 WTI, the company expects to generate approximately $400 million of free cash flow in 2025, with the majority anticipated in the second half of the year. The strong operational execution and optimistic management guidance make BTE one of the best penny stocks to invest in. Overall, BTE ranks 13th on our list of best Canadian penny stocks to invest in now. While we acknowledge the potential of BTE to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BTE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
