Baytex Energy Corp (BTE, Financial), a leading oil and gas company, has seen a significant shift in its stock performance over the past three months. Despite a 10.43% decrease over the past week, the company's stock has surged by 26.29% over the past three months, reflecting a positive market sentiment. The company's market cap currently stands at $3.58 billion, with a stock price of $4.16. However, the GF Value, a measure of a stock's intrinsic value, has seen a significant drop from $18.86 three months ago to $3.9 currently. Despite this, the GF Valuation has shifted from 'Possible Value Trap, Think Twice' to 'Fairly Valued', indicating a more balanced market perception of the stock's value.
Company Overview: Baytex Energy Corp
Baytex Energy Corp operates primarily in the oil and gas industry, with a majority of its operations based in Canada. The company's business model revolves around the exploration, development, and production of crude oil and natural gas, primarily in Western Canada. This strategic focus has allowed Baytex to carve out a significant market presence in the energy sector.
Profitability Analysis
Baytex Energy Corp's Profitability Rank stands at 4/10, indicating moderate profitability. The company's Operating Margin of 21.83% is better than 69.76% of companies in the same industry. Furthermore, the company's ROE, ROA, and ROIC, which are calculated as Net Income divided by its average Total Stockholders Equity, Total Assets, and capital invested in its business respectively, are all higher than the majority of companies in the same industry. Over the past 10 years, the company's profitability has been better than 41.13% of companies in the same industry.
Growth Prospects
The company's Growth Rank stands at 4/10, indicating moderate growth. The 3-Year Revenue Growth Rate per Share is 16.50%, better than 61.89% of companies in the same industry. However, the 5-Year Revenue Growth Rate per Share is -2.20%, which is better than only 30.37% of companies in the same industry. The company's future total revenue growth rate is better than 31.66% of companies in the same industry.
Major Stock Holders
The top three holders of Baytex Energy Corp's stock are HOTCHKIS & WILEY, Chuck Royce (Trades, Portfolio), and Steven Cohen (Trades, Portfolio). HOTCHKIS & WILEY holds the largest number of shares, with 5,683,710 shares, representing 0.66% of the total shares. Chuck Royce (Trades, Portfolio) and Steven Cohen (Trades, Portfolio) hold 1,478,838 and 1,195,794 shares, representing 0.17% and 0.14% of the total shares, respectively.
Competitive Landscape
Baytex Energy Corp operates in a competitive market, with major competitors including Enerplus Corp(TSX:ERF, Financial) with a market cap of $3.47 billion, Paramount Resources Ltd(TSX:POU, Financial) with a market cap of $3.15 billion, and Crescent Point Energy Corp(TSX:CPG, Financial) with a market cap of $4.11 billion.
Conclusion
In conclusion, Baytex Energy Corp's stock performance, profitability, growth, and competitive position paint a picture of a company that has managed to navigate the challenges of the oil and gas industry effectively. Despite recent fluctuations, the company's stock has seen a significant increase over the past three months. With a balanced GF Valuation and moderate profitability and growth ranks, Baytex Energy Corp presents an interesting investment opportunity for value investors.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
