Baytex Energy Corp. is a Canada-based energy company. The Company 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. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 34.84% year-on-year.
Turnaround to Profit
The company's performance has turned profitable, with the latest annual net income of USD 164.53M.%!(EXTRA int=2)
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 30.43%.
Undervalued
The company’s latest PB is 0.45, at a low 3-year percentile range.
Institutional Buying
The latest institutional holdings are 350.18M shares, increasing 4.56% quarter-over-quarter.
Lower Market Activity
The company has less investor interest, with a 20-day turnover ratio of -0.08.