Baytex Energy Corp (NYSE:BTE) traded at $3.22 at close of the session on current trade day and made a downward move of -0.62% on its previous day’s price.
Looking at the stock we see that its previous close was $3.24 and the beta (5Y monthly) reads 2.608 with the day’s price range being $3.2 – $3.25. In terms of its 52-week price range, BTE has a high of $4.65 and a low of $2.85. The company’s stock has gained about 5.23% over that past 30 days.
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Baytex Energy Corp has a market cap of $2.59 billion and is expected to release its quarterly earnings report in November. With its Forward Dividend at 0.07 and a yield of 2.06%, the company’s investors could be anxious for the BTE stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 0.13, with the EPS growth for the year raised at 0.28 for current year and 0.28 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 772.91M, with a low of 772.91M and a high of 772.91M. The median projection represents growth adding up to -10.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 2.8B, or 40.30% up from figures reported last year.
On the other hand, looking at the outlook for the BTE stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell.
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 2.66% off its SMA20 and -1.55% from its 50-day simple moving average. The RSI (14) is pointing at 51.28 while the volatility over the past week is 2.84% and jumps to 3.40% over the past one month. The beta value is 1.74, 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 11.55 million, while that of the preceding 10-day period stands at 14.54 million. Current shares outstanding are 821.68 million.
The insiders hold 13.38% of the company’s shares while institutions hold 25.97%. The data shows that short shares as of 2024-09-30, stood at 55.89 million at a short ratio of 5.43. Shares short rose in September from the previous month at 38.19 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -3.01% down in year-to-date price movement.
