Baytex Energy Corp. (NYSE:BTE) soared 25.4% in a week due to an investment firm’s bullish rating and exiting the US market. The company signed a $2.305 billion deal to sell its Eagle Ford assets, aiming to return to a net cash position and repay debts. Raymond James Financial upgraded BTE’s rating to “outperform” with a higher price target. Shareholders will receive C$0.0225 per share in dividends.

The transaction for the sale of Baytex Energy’s Eagle Ford assets is expected to be completed by the end of the year or early next year, contingent on closing conditions and regulatory approvals. Shareholders as of December 15 record will receive C$0.0225 in dividends on January 2, 2026, or $0.0161 per share for US shareholders at an exchange rate of C$1.40. While BTE shows potential as an investment, some AI stocks may offer higher returns with limited downside risk. Check out the best short-term AI stock for more information.

Overall, Baytex Energy Corp. (NYSE:BTE) experienced a significant boost in its stock performance after recent developments. With the sale of its Eagle Ford assets and positive market outlook, the company is poised to deliver meaningful shareholder returns. Investors can expect dividends and potential growth opportunities in the coming months.

Read more at Yahoo Finance: Baytex (BTE) Climbs 25%, Extends 8-Day Run on Bullish Rating