Baytex Energy Corp (NYSE:BTE) traded at $3.63 at close of the session on Tuesday, July 23, made a downward move of -2.42% on its previous day’s price.
Looking at the stock we see that its previous close was $3.72 . In terms of its 52-week price range, BTE has a high of $4.65 and a low of $2.92. The company’s stock has gained about 11.69% over that past 30 days.
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Baytex Energy Corp has a market cap of $2.93 billion. With its Forward Dividend at 0.07 and a yield of 1.83%, the company’s investors could be anxious for the BTE stock to gain ahead of the earnings release.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Baytex Energy Corp (BTE) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 0.86% off its SMA20 and 3.91% from its 50-day simple moving average. The RSI (14) is pointing at 52.58 while the volatility over the past week is 3.62% and jumps to 3.22% over the past one month. The beta value is 1.78, while the average true range (ATR) is currently pointing at 0.12.
Coming back to Baytex Energy Corp (NYSE:BTE), we note that the average 3-month trading volume was 8.99 million, while that of the preceding 10-day period stands at 10.59 million. Current shares outstanding are 821.68 million.
The insiders hold 13.29% of the company’s shares while institutions hold 26.24%. The data shows that short shares as of 2024-06-28, stood at 33.78 million at a short ratio of 4.12. Shares short rose in June from the previous month at 23.51 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 9.34% up in year-to-date price movement.
