Baytex Energy Corp (NYSE:BTE) shares, rose in value, with the stock price down by -0.66% to the previous day’s close as strong demand from buyers drove the stock to $2.24.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.26, falling within a range of $2.1901 and $2.26. The value of beta (5-year monthly) is 2.529 whereas the PE ratio is 10.48 over 12-month period. Referring to stock’s 52-week performance, its high was $4.08, and the low was $1.90. On the whole, BTE has fluctuated by 1.13% over the past month.
With the market capitalization of Baytex Energy Corp currently standing at about $1.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-03. The company’s Forward Dividend Ratio is 0.06, with its dividend yield at 2.87%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.38B, 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 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 5.51% and -4.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.43, while the 7-day volatility ratio is showing 3.27% which for the 30-day chart, stands at 5.19%. Furthermore, Baytex Energy Corp (BTE)’s beta value is 1.12, 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 -0.66% in today’s session so far, and over the past year, it shrunk by -37.11%%.
Data on historical trading for Baytex Energy Corp (NYSE:BTE) indicates that the trading volumes over the past 10 days have averaged 45.98 and over the past 3 months, they’ve averaged 34.62 million. According to company’s latest data on outstanding shares, there are 773.59 million shares outstanding.
Nearly 13.51% of Baytex Energy Corp’s shares belong to company insiders and institutional investors own 26.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 42.04 million shares as on 2025-03-14, resulting in a short ratio of 1.01. The stock has fallen by -12.98% 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.
