Baytex Energy Corp (NYSE:BTE) price on current trading day, rose 0.75% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.69.
A look at the stock’s price movement, the close in the last trading session was $2.67, moving within a range at $2.66 and $2.73. The beta value (5-Year monthly) was 2.572. Turning to its 52-week performance, $4.08 and $2.59 were the 52-week high and 52-week low respectively. Overall, BTE moved -13.50% over the past month.
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Baytex Energy Corp’s market cap currently stands at around $2.12 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.07, with its dividend yield at 2.46%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.01B for the company’s revenue for the quarter, with a low and high estimate of 1.01B and 1.01B respectively. The average forecast suggests down to a -5.13% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.85B, representing a 13.72% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BTE is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend BTE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BTE’s current price about -7.43% and -9.77% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.45, while 7-day volatility ratio is 4.00% and 3.51% in the 30-day chart. Further, Baytex Energy Corp (BTE) has a beta value of 1.71, and an average true range (ATR) of 0.11.
If we refocus on Baytex Energy Corp (NYSE:BTE), historical trading data shows that trading volumes averaged 11.64 over the past 10 days and 12.06 million over the past 3 months. The company’s latest data on shares outstanding shows there are 787.33 million shares.
The 13.49% of Baytex Energy Corp’s shares are in the hands of company insiders while institutional holders own 26.84% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 58.67 million on 2024-11-15, giving us a short ratio of 3.95. Current price change has pushed the stock -18.98% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BTE stock continues to rise going into the next quarter.
