Reevaluating Baytex Energy's Valuation Amid its Recent 32.5% Share Price Surge

Baytex Energy's share price surged 32.5% in the past month and 16.5% year to date, driven by improving sentiment around Canadian oil producers. However, the stock scores only 1 out of 6 on valuation checks, suggesting the market may be overoptimistic or traditional metrics are missing something important. A discounted cash flow analysis estimates Baytex's intrinsic value at CA$1.80 per share, implying the stock is overvalued by 146.1% relative to its current market price of CA$4.44.