Baytex Energy Corp. (BTE) Stock Falls on Q4 2025 Earnings

Baytex Energy Corp. (BTE) reported fourth-quarter 2025 total revenues of $536.1 million, up 15.4% year-over-year.

Gross profit: -$28.5 million (down 109.0% year-over-year).

Operating profit: -$32.0 million (down 127.9% year-over-year).

Net income attributable to common shareholders: -$621.7 million (change of +1551.0% year-over-year).

Diluted earnings per share: -$0.81 (change of +1520.0% year-over-year).

Cash flow and capital spending:

Cash from operating activities: $178.9 million (down 33.6% year-over-year).

Purchases of property, plant and equipment: $142.5 million (up 37.7% year-over-year).

Balance sheet highlights:

Cash and cash equivalents: $694.4 million (up 5,899.6% year-over-year).

Total liabilities: $696.8 million (down 72.1% year-over-year).

Market reaction: shares were down 2.52% since market close.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Baytex Energy Corp. Hedge Fund Activity

We have seen 81 institutional investors add shares of Baytex Energy Corp. stock to their portfolio, and 75 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. added 27,536,239 shares (+1301.4%) to their portfolio in Q4 2025, for an estimated $88,942,051
ENCOMPASS CAPITAL ADVISORS LLC added 13,948,516 shares (+inf%) to their portfolio in Q4 2025, for an estimated $45,053,706
CIBC WORLD MARKET INC. removed 12,976,965 shares (-75.6%) from their portfolio in Q4 2025, for an estimated $41,915,596
MILLENNIUM MANAGEMENT LLC removed 10,965,100 shares (-81.4%) from their portfolio in Q4 2025, for an estimated $35,417,273
CANOE FINANCIAL LP removed 8,304,327 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $26,822,976
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC removed 7,462,859 shares (-59.4%) from their portfolio in Q4 2025, for an estimated $24,105,034
JUNIPER CAPITAL ADVISORS, L.P. removed 6,729,476 shares (-6.7%) from their portfolio in Q4 2025, for an estimated $21,736,207

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Baytex Energy Corp. Analyst Ratings

Wall Street analysts have issued reports on $BTE in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Scotiabank issued a "Sector Outperform" rating on 11/13/2025
TD Securities issued a "Buy" rating on 09/30/2025

To track analyst ratings and price targets for Baytex Energy Corp., check out Quiver Quantitative's $BTE forecast page.

Baytex Energy Corp. Price Targets

Multiple analysts have issued price targets for $BTE recently. We have seen 2 analysts offer price targets for $BTE in the last 6 months, with a median target of $4.625.

Here are some recent targets:

Kevin Fisk from Scotiabank set a target price of $5.25 on 11/13/2025
Menno Hulshof from TD Securities set a target price of $4.0 on 09/30/2025