Baytex Energy Corp (NYSE:BTE) shares, rose in value, with the stock price up by 1.42% to the previous day’s close as strong demand from buyers drove the stock to $2.51.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.47, falling within a range of $2.475 and $2.52. The value of beta (5-year monthly) is 2.572. Referring to stock’s 52-week performance, its high was $4.08, and the low was $2.19. On the whole, BTE has fluctuated by -8.91% over the past month.
With the market capitalization of Baytex Energy Corp currently standing at about $1.97 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.07, with its dividend yield at 2.61%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.85B, with a low estimate of 1.01B and a high estimate of 1.01B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.01B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BTE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of BTE currently trading nearly 0.31% and -0.92% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.03, while the 7-day volatility ratio is showing 3.85% which for the 30-day chart, stands at 4.17%. Furthermore, Baytex Energy Corp (BTE)’s beta value is 1.71, and its average true range (ATR) is 0.10.
A comparison of Baytex Energy Corp (BTE) with its peers suggests the former has fared considerably weaker in the market. BTE showed an intraday change of 1.42% in today’s session so far, and over the past year, it shrunk by -19.71%%.
Data on historical trading for Baytex Energy Corp (NYSE:BTE) indicates that the trading volumes over the past 10 days have averaged 32.58 and over the past 3 months, they’ve averaged 19.51 million. According to company’s latest data on outstanding shares, there are 787.33 million shares outstanding.
Nearly 13.74% of Baytex Energy Corp’s shares belong to company insiders and institutional investors own 24.69% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 43.78 million shares as on 2025-01-31, resulting in a short ratio of 1.58. The stock has fallen by -2.91% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BTE stock heading into the next quarter.
