The trading price of Baytex Energy Corp (NYSE:BTE) floating lower at last check on current market day and closing at $2.52, -1.56% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $2.51 and $2.56. In examining the 52-week price action we see that the stock hit a 52-week high of $4.08 and a 52-week low of $2.55. Over the past month, the stock has lost -15.15% in value.
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Baytex Energy Corp, whose market valuation is $1.98 billion at the time of this writing, is expected to release its quarterly earnings report in January. The dividend yield on the company stock is 2.63%, while its Forward Dividend ratio is 0.07. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.07 per share this quarter, however they have predicted annual earnings per share of 0.85 for current year and 0.44 for next year.
Analysts have forecast the company to bring in revenue of 1.01B for the current quarter, with the likely lows of 1.01B and highs of 1.01B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 3.85B.
On the technical side, indicators suggest BTE has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned BTE a recommendation rating is 2. Out of them, 1 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Baytex Energy Corp (BTE) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that BTE’s price is currently -11.24% off the SMA20 and -14.84% off the SMA50. The RSI metric on the 14-day chart is currently showing 27.40, and weekly volatility stands at 4.71%. When measured over the past 30 days, the indicator reaches 3.58%. Baytex Energy Corp (NYSE:BTE)’s beta value is currently sitting at 1.72, while the Average True Range indicator is currently displaying 0.10.
To see how Baytex Energy Corp stock has been performing today in comparison to its peers in the industry, here are the numbers: BTE stock’s performance was -1.56% at last check in today’s session, and -23.17% in the past year.
An evaluation of the daily trading volume of Baytex Energy Corp (NYSE:BTE) indicates that the 3-month average is 12.17 million. However, this figure has increased over the past 10 days to an average of 11.79.
Currently, records show that 787.33 million of the company’s shares remain outstanding. The insiders hold 13.49% of outstanding shares, whereas institutions hold 26.84%. The stats also highlight that short interest as of 2024-11-15, stood at 58.67 million shares, resulting in a short ratio of 3.95 at that time. It is noteworthy that short shares in November were up slightly from the previous month’s figure, which was 52.36 million. However, since the stock’s price has seen -24.10% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
