I am currently going through my Watch List to ensure that each company still deserves to be on the list. Because of the number of companies on my list, I am going to try to knock out 2 per weekday.
| Company name | Baytex Energy Corp (USA) |
| Stock ticker | BTE |
| Live stock price | [stckqut]BTE[/stckqut] |
| P/E compared to competitors | Good |
MANAGEMENT EXECUTION
| Employee productivity | Good |
| Sales growth | Good |
| EPS growth | Good |
| P/E growth | Good |
| EBIT growth | Good |
ANALYSIS
| Confident Investor Rating | Good |
| Target stock price (TWCA growth scenario) | $63.28 |
| Target stock price (averages with growth) | $51.18 |
| Target stock price (averages with no growth) | $30.31 |
| Target stock price (manual assumptions) | $63.04 |
The following company description is from Google Finance: http://www.google.com/finance?q=bte
Baytex Energy Corp. (Baytex), through its subsidiaries, are engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (in the provinces of British Columbia, Alberta and Saskatchewan) and in the United States (in the states of North Dakota and Wyoming). On February 3, 2011, the Company acquired heavy oil assets located in the Reno area of northern Alberta and the Lloydminster area of western Saskatchewan. On August 9, 2011, the Company acquired natural gas assets located in the Brewster area of west central Alberta. During the year ended December 31, 2011, it completed two dispositions of undeveloped lands; in the Kaybob South area of west central Alberta, it sold six sections of leasehold, including five sections with Duvernay rights, and in the Dodsland area in southwest Saskatchewan, which it sold 32,600 net acres of leasehold in the halo of the field.
Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in Baytex Energy Corp (USA).
If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor.
For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.
[s2If current_user_can(s2member_level1)]
In order to assist you in using the techniques of this book, the values that I used when calculating the Manual pricing above were:
Stock price at the time of the calculation: $40.85
Growth: 0.2
Current EPS (TTM): $1.2
P/E: 34
Future EPS Calc: $2.98
Future Stock Price Calc: $101.52
Target stock price: $63.03
I hope that this makes you a better investor. [/s2If]