Here is Why Baytex Energy (BTE) Jumped This Week

The share price of Baytex Energy Corp. (NYSE:BTE) surged by 25.4% between November 7 and November 14, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Baytex Energy Corp. (NYSE:BTE) is engaged in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States.

Baytex Energy Corp. (NYSE:BTE) hit a 52-week high after the company announced on November 12 that it had agreed to sell its U.S. Eagle Ford assets to an undisclosed buyer for about $2.305 billion in cash. The assets to be divested produced 82,765 barrels of oil equivalent (boe) per day in the third quarter and represent the entirety of Baytex’s business in the United States. The strategic move is aimed at strengthening the company’s balance sheet, supporting capital allocation to its highest-return opportunities in western Canada, and positioning it to deliver meaningful shareholder returns.

Baytex Energy Corp. (NYSE:BTE), returning to its roots as a focused Canadian company, also caught the eye of several analysts. On November 13, BMO Capital upgraded the stock from ‘Market Perform’ to ‘Outperform’, while also doubling its price target from C$3 to C$6. Similarly, Scotiabank analyst Kevin Fisk also upgraded BTE from ‘Sector Perform’ to ‘Outperform’, assigning it a price target of C$5.25. Finally, Raymond James also upgraded Baytex Energy Corp. (NYSE:BTE) from ‘Market Perform’ to ‘Outperform’ and raised its price target from C$3.5 to C$5.5.

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Disclosure: None.