BMO keeps CAD 8.00 target for Baytex Energy stock

Published on 10/20/2026 at 21:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter profit reached CAD 174.87 million. Baytex Energy stock costs EUR 4.77 on October 20, 2026, up 2.65 percent versus the Frankfurt close.

Analyst target and reporting date

BMO Capital set a CAD 8.00 target for Baytex Energy on October 16, 2026.
Second-quarter net income reached CAD 174.87 million, up 15.39 percent year over year.
Baytex Energy stock costs EUR 4.77 at Lang & Schwarz on October 20, 2026 at 9:46 p.m. CEST, 2.65 percent above the Frankfurt close of October 19, 2026.
Baytex Energy is expected to report third-quarter results on November 5, 2026.

BTE, CA07317Q1054, Illustration mit AI erstellt.

Baytex Energy received a maintained Buy rating and a CAD 8.00 price target from BMO Capital on October 16, 2026, according to Markets Insider. The company stock was trading at EUR 4.77 at Lang & Schwarz on October 20, 2026 at 9:46 p.m. CEST, up 2.65 percent versus the Frankfurt close of October 19, 2026 at EUR 4.65.

Second-quarter profit rose

Baytex Energy reported second-quarter revenue of CAD 549.57 million and net income of CAD 174.87 million for the period ended June 30, 2026. The prior-year comparison in the same report was CAD 886.58 million of revenue and CAD 151.55 million of net income, leaving profit 15.39 percent higher even as revenue declined 38.01 percent.

The company generated CAD 230.85 million of operating cash flow in the second quarter of 2026. Its production reached 71,243 barrels of oil equivalent per day, up 11.00 percent from the second quarter of 2025, according to the quarterly figures carried by Markets Insider.

What does the target imply?

BMO's CAD 8.00 target sits above the CAD 7.54 Baytex share price shown for October 20, 2026 in a Toronto market quote, but that comparison uses the Canadian listing rather than the euro quotation. The target therefore adds a valuation reference without changing the euro price calculation used here.

Results date is November 5

Baytex is expected to publish third-quarter 2026 results on November 5, 2026, after the market close, with a conference call scheduled for November 6, 2026, according to MarketBeat. The same source lists consensus expectations of USD 0.13 earnings per share and USD 226.42 million of revenue for the quarter.

Canadian listing anchors the stock

Baytex operates oil and natural gas assets in the Western Canadian Sedimentary Basin and trades on the New York Stock Exchange and Toronto Stock Exchange under BTE, according to the company's investor-relations page. The business reported a USD 3.8 billion market capitalization and a negative trailing price-to-earnings ratio on October 20, 2026. At Lang & Schwarz, Baytex stood at EUR 4.77 on October 20, 2026 at 9:46 p.m. CEST, 2.65 percent above the Frankfurt close of October 19, 2026 at EUR 4.65. The further course of trading is shown by the continuously updated real-time quote of Baytex Energy stock.