Baytex Energy Corp (NYSE:BTE) shares, rose in value, with the stock price up by 1.20% to the previous day’s close as strong demand from buyers drove the stock to $1.68.
Actively observing the price movement in the last trading, the stock closed the session at $1.66. The PE ratio was 5.80 over 12-month period. Referring to stock’s 52-week performance, its high was $3.84, and the low was $1.36. On the whole, BTE has fluctuated by 5.00% over the past month.
With the market capitalization of Baytex Energy Corp currently standing at about $1.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.06, with its dividend yield at 3.83%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.31B, with a low estimate of 770.1M and a high estimate of 770.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 770.1M.
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 1.66% and -5.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.38, while the 7-day volatility ratio is showing 0.59% which for the 30-day chart, stands at 4.71%. Furthermore, Baytex Energy Corp (BTE)’s beta value is 1.00, 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 1.20% in last session, and over the past year, it shrunk by -51.30%%.
Data on historical trading for Baytex Energy Corp (NYSE:BTE) indicates that the trading volumes over the past 3 months, they’ve averaged 45.73 million. According to company’s latest data on outstanding shares, there are 770.04 million shares outstanding.
Nearly 13.51% of Baytex Energy Corp’s shares belong to company insiders and institutional investors own 32.02% of the company’s shares. The stock has fallen by -34.88% 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.
