Exhibit 99.1 BAYTEX ANNOUNCES SECOND QUARTER 2024 RESULTS CALGARY, ALBERTA (July 25, 2024) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) reports its operating and financial results for the three and six months ended June 30, 2024 (all amounts are in Canadian dollars unless otherwise noted). "We delivered strong second quarter results with higher production, disciplined capital spending and meaningful free cash flow. Importantly and consistent with our full-year plan, we returned $97 million to share ...

Summary of Key Points Core Viewpoint - Several companies in the gold and energy sectors have seen significant increases in their earnings estimates over the past 60 days, indicating positive market sentiment and potential investment opportunities. Group 1: Gold Producers - B2Gold Corp. has experienced an 11.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Newmont Corporation has seen a 12.7% increase in the Zacks Consensus Estimate for its current year earnings during the same period [2] Group 2: Energy Sector - Baytex Energy Corp. has recorded a 10% increase in the Zacks Consensus Estimate for its current year earnings in the last 60 days [3] Group 3: Dividend Yield - A Zacks Rank 1 company offers a dividend yield of 5.5%, significantly higher than the industry average of 0.0% [5] - Another Zacks Rank 1 company has a dividend yield of 2.1%, also above the industry average of 0.0% [6] - A third Zacks Rank 1 company provides a dividend yield of 1.9%, slightly above the industry average of 1.6% [7]

Here are three stocks with buy rank and strong value characteristics for investors to consider today, July 30: B2Gold has a price-to-earnings ratio (P/E) of 10.09 compared with 10.10 for the industry. The company possesses a Value Scoreof A. Baytex Energy Corp. (BTE) : This energy company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 10% over the last 60 days. B2Gold Corp. (BTG) : This gold producer company carries a Zacks Rank #1, and has witn ...

Company Participants Greg Pardy - RBC Capital Markets Jeremy McCrea - BMO Capital Markets Amir Arif - ATB Capital As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity for analysts to ask questions. [Operator Instructions] Thank you, Brenda. Good morning ladies and gentlemen and thank you for joining us to discuss our second quarter 2024 financial and operating results. Today I am joined by Eric Greager, our Preside ...

Group 1 - The article emphasizes the potential of investing in bargain stocks with recent price momentum, particularly highlighting the Zacks Momentum Style Score as a tool for identifying such stocks [1][10] - Baytex Energy (BTE) is identified as a strong candidate for momentum investing, having gained 3.1% over the past 12 weeks and possessing a favorable Momentum Score of B [2][7] - BTE's upward trend in earnings estimate revisions has contributed to its Zacks Rank 1 (Strong Buy), indicating strong investor interest and potential for price appreciation [3][11] Group 2 - The stock of BTE is noted for its fast-paced momentum, with a beta of 1.95, suggesting it moves significantly more than the market [11] - BTE is currently trading at a reasonable valuation, with a Price-to-Sales ratio of 0.92, indicating that investors are paying 92 cents for each dollar of sales [12] - The article suggests that there are other stocks that also meet the criteria of 'Fast-Paced Momentum at a Bargain', encouraging investors to explore these options [13]

HealthStream, Inc. (HSTM) : This company that provides Software-as-a-Service based applications for healthcare organizations has seen the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days. Financial Institutions, Inc. (FISI) : This holding company for the Five Star Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days. Western Digital Corporation (WDC) : This data storage devices and solutions company has see ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, July 26th: Western Digital Corporation (WDC) : This data storage devices and solutions company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.9% over the last 60 days. Baytex's shares gained 15% over the last six months compared with the S&P 500's advance of 9.7%. The company possesses a Momentum Score of A. HealthStream's shares gained 10.8% ov ...

Over the last four quarters, the company has surpassed consensus EPS estimates just once. Baytex, which belongs to the Zacks Oil and Gas - Exploration and Production - Canadian industry, posted revenues of $828.18 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 9.50%. This compares to year-ago revenues of $445.79 million. The company has topped consensus revenue estimates just once over the last four quarters. Baytex shares have added about 8.1% since the beginning of the ...

Operating netback per boe Operating netback per boe is equal to operating netback (a non-GAAP financial measure) divided by barrels of oil equivalent sales volume for the applicable period and is used to assess our operating performance on a unit of production basis. Capital Management Measures We use net debt to monitor our current financial position and to evaluate existing sources of liquidity. We also use net debt projections to estimate future liquidity and whether additional sources of capital are req ...

Calgary, Alberta--(Newsfile Corp. - July 25, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "company") announces that its Board of Directors has declared a quarterly cash dividend of CDN$0.0225 per share to be paid on October 1, 2024 for shareholders of record on September 16, 2024. Baytex Energy Corp. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217705 The U.S. dollar equivalent amount is approximately US$0.0163 per share assuming ...