Baytex Energy Corp (NYSE: BTE) and Enduro Royalty Trust (NYSE:NDRO) are both small-cap oils/energy companies, but which is the better business? We will compare the two companies based on the strength of their profitability, risk, institutional ownership, earnings, valuation, dividends and analyst recommendations.
Risk & Volatility
Baytex Energy Corp has a beta of 3.3, suggesting that its share price is 230% more volatile than the S&P 500. Comparatively, Enduro Royalty Trust has a beta of 0.38, suggesting that its share price is 62% less volatile than the S&P 500.
Institutional & Insider Ownership
15.8% of Baytex Energy Corp shares are owned by institutional investors. Comparatively, 57.9% of Enduro Royalty Trust shares are owned by institutional investors. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
This is a breakdown of recent ratings and target prices for Baytex Energy Corp and Enduro Royalty Trust, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Baytex Energy Corp||1||5||1||0||2.00|
|Enduro Royalty Trust||0||1||0||0||2.00|
Baytex Energy Corp currently has a consensus price target of $7.44, indicating a potential upside of 174.45%. Enduro Royalty Trust has a consensus price target of $4.00, indicating a potential downside of 1.23%. Given Baytex Energy Corp’s higher probable upside, equities research analysts plainly believe Baytex Energy Corp is more favorable than Enduro Royalty Trust.
This table compares Baytex Energy Corp and Enduro Royalty Trust’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Baytex Energy Corp||-38.91%||-5.17%||-2.21%|
|Enduro Royalty Trust||24.94%||10.08%||10.08%|
Enduro Royalty Trust pays an annual dividend of $0.04 per share and has a dividend yield of 1.0%. Baytex Energy Corp does not pay a dividend. Enduro Royalty Trust pays out 12.1% of its earnings in the form of a dividend.
Valuation and Earnings
This table compares Baytex Energy Corp and Enduro Royalty Trust’s revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Baytex Energy Corp||$614.84 million||1.04||$345.62 million||($1.32)||-2.05|
|Enduro Royalty Trust||$11.26 million||11.87||$10.89 million||$0.33||12.27|
Baytex Energy Corp has higher revenue and earnings than Enduro Royalty Trust. Baytex Energy Corp is trading at a lower price-to-earnings ratio than Enduro Royalty Trust, indicating that it is currently the more affordable of the two stocks.
Enduro Royalty Trust beats Baytex Energy Corp on 7 of the 13 factors compared between the two stocks.
Baytex Energy Corp Company Profile
Baytex Energy Corp. (Baytex) is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). The Company’s crude oil and natural gas operations are organized into four business units: Lloydminster, Peace River, Conventional and United States. Each business unit has a portfolio of mineral leases, operated and non-operated properties and development prospects. The Company’s subsidiaries include Baytex Energy Ltd. and Baytex Energy USA, Inc. Baytex Energy Ltd. is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in Canada. Baytex Energy USA, Inc. is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in the United States. It holds all of the operating assets in the United States.
Enduro Royalty Trust Company Profile
Enduro Royalty Trust (the Trust) is a statutory trust formed by Enduro Resource Partners LLC (Enduro), as trustor, The Bank of New York Mellon Trust Company, N.A. (the Trustee), as trustee, and Wilmington Trust Company (the Delaware Trustee), as Delaware Trustee. The Trust was created to acquire and hold for the benefit of the Trust unitholders a net profits interest representing the right to receive approximately 80% of the net profits from the sale of oil and natural gas production from certain properties in the states of Texas, Louisiana and New Mexico held by Enduro as of the date of the conveyance of the net profits interest to the Trust (the Net Profits Interest). The properties in which the Trust holds the Net Profits Interest are referred to as the Underlying Properties. Enduro is engaged in the production and development of oil and natural gas. The Underlying Properties comprises producing and non-producing interests in oil and natural gas units, wells and lands.
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