Baytex Energy Corp (NYSE:BTE) traded at $2.53 at close of the session on current trade day and made an upward move of 3.27% on its previous day’s price.
Baytex Energy Corp has a market cap of $1.99 billion and is expected to release its quarterly earnings report in March. With its Forward Dividend at 0.07 and a yield of 2.59%, the company’s investors could be anxious for the BTE stock to gain ahead of the earnings release.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 1.01B, with a low of 1.01B and a high of 1.01B. The median projection represents growth adding up to -5.13% 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 3.85B, or 13.70% 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 50% 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 1.65% off its SMA20 and 0.35% from its 50-day simple moving average. The RSI (14) is pointing at 51.02 while the volatility over the past week is 3.72% and jumps to 4.16% over the past one month. The beta value is 1.71, while the average true range (ATR) is currently pointing at 0.10.
