Baytex Energy Corp (NYSE:BTE) shares, rose in value, with the stock price down by -4.35% to the previous day’s close as strong demand from buyers drove the stock to $1.98.
Actively observing the price movement in the last trading, the stock closed the session at $2.07. Referring to stock’s 52-week performance, its high was $4.08, and the low was $1.96. On the whole, BTE has fluctuated by -15.74% over the past month.
With the market capitalization of Baytex Energy Corp currently standing at about $1.56 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.07, with its dividend yield at 3.30%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.8B, with a low estimate of 927.1M and a high estimate of 927.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 927.1M.
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 100% 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 -16.30% and -19.81% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 26.41, while the 7-day volatility ratio is showing 7.58% which for the 30-day chart, stands at 5.04%. Furthermore, Baytex Energy Corp (BTE)’s beta value is 1.15, and its average true range (ATR) is 0.12.
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 -4.35% in last session, and over the past year, it shrunk by -38.70%%. In comparison, Veren Inc. (VRN) has moved higher at 0.81%% on the day and was down -34.52% over the past 12 months.
Data on historical trading for Baytex Energy Corp (NYSE:BTE) indicates that the trading volumes over the past 3 months, they’ve averaged 24.78 million. According to company’s latest data on outstanding shares, there are 787.33 million shares outstanding.
Nearly 13.52% of Baytex Energy Corp’s shares belong to company insiders and institutional investors own 25.94% of the company’s shares. The stock has fallen by -23.26% 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.
