Why These Energy Stocks are Losing This Week

6. Baytex Energy Corp. (NYSE:BTE

Share Price Decline Between May 13 – May. 20: 15.46%

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) reported mixed results for its Q1 2025 earlier this month, with its $0.07 falling below estimates by $0.02. However, the company’s revenue of $723.37 million managed to top expectations by almost $77 million. Baytex witnessed a 2% YoY increase in production per basic share during the quarter and generated $53 million in free cash, with $30 million returned to shareholders in the form of dividends and buybacks.

The share price of Baytex Energy Corp. (NYSE:BTE) surged last week after the global crude oil prices gained following a trade truce between the U.S. and China. However, the stock has fallen since then, probably due to investors taking their profits and also the slight decline in crude oil price.