Baytex Energy will report third-quarter results after the TSX closes on November 5. One analyst expects earnings per share (EPS) of C$0.15 and revenue of C$322.4 million.
Baytex Energy Corp. (TSX: BTE.TO) plans to release its third-quarter 2026 financial and operating results after market close on Thursday, November 5. The Calgary-based oil and gas producer will discuss the results on a conference call Friday at 11:00 a.m. ET.
Recent earnings trend
Baytex Energy Corp
BTE.TO
BTE.TO
Baytex Energy Corp
WealthAwesomeMarket cap
$4.68B
Div. yield
1.20%
Div. / share
$0.09
52W high
$7.87
52W low
$3.25
1W change
-11.83%
Beta
0.74
Analyst Price Targets
Based on analyst covering BTE · as of Oct 29, 2026
Wall Street analysts forecast BTE stock price to rise 29.8% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$8.71
+29.8% Upside
Previously C$8.56 on Oct 23, 2026
Current Price
C$6.71
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BTE's historical volatility
30-Day Vol
43.3%
Annualized
90-Day Vol
41.5%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$8.02
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$7.12 | C$6.13 – C$8.27 |
| 60 trading days | C$7.56 | C$6.12 – C$9.34 |
| 90 trading days | C$8.02 | C$6.19 – C$10.39 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-05 | — | 0.2000 | — |
| 2026-06-30 | 2026-07-30 | 0.2300 | 0.0800 | +187.5% |
| 2026-03-31 | 2026-05-07 | -0.0900 | 0.0100 | -1000.0% |
| 2025-12-31 | 2026-03-04 | -1.1200 | -0.1300 | -761.5% |
| 2025-09-30 | 2025-10-30 | 0.0400 | 0.0700 | -42.9% |
| 2025-06-30 | 2025-07-31 | 0.2000 | 0.0300 | +566.7% |
Investors will be watching to see whether earnings rise from a year ago even as revenue is expected to fall sharply. You can follow BTE.TO on its stock page for earnings updates and market context.
Investor takeaway: The one-analyst consensus calls for EPS of C$0.15, up from C$0.04 a year earlier. Revenue is forecast at C$322.4 million, a 63.1% decline. Because the estimates come from just one analyst, they offer a limited view of expectations. Baytex beat estimates in one of its last four reported quarters. Results have varied, from a strong June-quarter beat to losses in the two quarters before it. The full report and management’s comments on operations and cash generation will provide more context than the EPS figure alone.
C$0.15
That’s the one-analyst EPS estimate for the quarter ended September 30, 2026, compared with C$0.04 a year earlier. Revenue is expected to reach C$322.4 million, down 63.1% year over year. The EPS estimate hasn’t changed in 30 days, but the small analyst sample makes it a narrow benchmark.
Bull case
The one-analyst EPS estimate has held at C$0.15 over the past 30 days, with one upward revision and none downward. That’s above the C$0.04 Baytex reported for the same quarter last year. In June, the company reported EPS of C$0.23, beating the C$0.08 estimate. But Baytex has beaten estimates in only one of its last four reported quarters.
Analyst price targets in the supplied data average C$8.71, compared with the last close of C$6.71. The Wealth Awesome statistical model puts its 90-day average at C$8.02. These figures are estimates, not guaranteed returns.
Bear case
Revenue is forecast to fall 63.1% year over year, even as EPS is expected to rise. Baytex’s recent results have been uneven: it reported EPS of C$-0.09 against an estimate of C$0.01 in March, and C$-1.12 against C$-0.13 in December, before beating estimates in June.
Trailing EPS is C$-0.53, and the reported profit margin is -42.86%. Those figures show that one quarter’s positive EPS consensus doesn’t erase recent losses. The shares last closed at C$6.71, below the 50-day moving average of C$6.91 but above the 200-day average of C$6.11. Exposure to oil prices and the contrast between falling revenue and expected EPS growth leave room for disappointment.
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