Baytex Energy Corp (NYSE:BTE) price on Tuesday, December 24, rose 1.26% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.41.
A look at the stock’s price movement, the close in the last trading session was $2.38, moving within a range at $2.37 and $2.44. The beta value (5-Year monthly) was 2.572. Turning to its 52-week performance, $4.08 and $2.19 were the 52-week high and 52-week low respectively. Overall, BTE moved -20.20% over the past month.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Baytex Energy Corp’s market cap currently stands at around $1.90 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 2.71%. 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 -5.68% and -13.71% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.67, while 7-day volatility ratio is 4.81% and 4.12% in the 30-day chart. Further, Baytex Energy Corp (BTE) has a beta value of 1.73, and an average true range (ATR) of 0.10.
If we refocus on Baytex Energy Corp (NYSE:BTE), historical trading data shows that trading volumes averaged 11.5 over the past 10 days and 12.42 million over the past 3 months. The company’s latest data on shares outstanding shows there are 787.33 million shares.
The 13.80% of Baytex Energy Corp’s shares are in the hands of company insiders while institutional holders own 26.81% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 48.26 million on 2024-11-29, giving us a short ratio of 4.38. Current price change has pushed the stock -27.41% 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.
