Baytex Energy ( (TSE:BTE) ) has issued an update.
Baytex Energy Corp. announced strong financial and operational results for the fourth quarter and full year 2024, highlighting a 10% growth in production per share and substantial free cash flow generation. The company returned $290 million to shareholders through buybacks and dividends, improved its cash cost structure, and reduced net debt by 5%. Baytex also reported significant growth in reserves across all categories, with a notable increase in net asset value, reflecting the efficiency of its capital program and high netback oil-weighted portfolio.
More about Baytex Energy
Baytex Energy Corp. operates in the oil and gas industry, focusing primarily on the exploration, development, and production of crude oil and natural gas. The company is listed on the Toronto Stock Exchange and the New York Stock Exchange under the ticker BTE, and it is headquartered in Calgary, Alberta.
YTD Price Performance: -14.72%
Average Trading Volume: 23,592,905
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.79B
For an in-depth examination of BTE stock, go to TipRanks’ Stock Analysis page.
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