Baytex Energy Corp. (NYSE:BTE) currently has a daily average trading volume of 1.11M but it saw 4659986 shares traded on Thursday. With a market cap of 2.58B USD, stock’s current market price of $3.31 came rising about 3.44 while comparing to the previous closing price of $3.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.24 and as low as $3.03. In the recent trading on the day, stock has struck highest price mark of $3.32 while lowest mark touched by it was $3.05.
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Taking a look at 20-day trading activity of Baytex Energy Corp. (BTE) gives us an average price of $3.91, while its current price level is -54.28% below from 52-week high level whereas it is 9.42% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.22 while that of 200 days or SMA-200 reads an average of $4.80. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.79% during that period while stretching the period over a month that decreases to 5.64%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 30.53 which implies that the stock is in neutral territory.
Baytex Energy Corp. (BTE)’s stock is currently under the radar of 10 analysts who are in consensus at a 12-month price target range of between $4.04 and $7.53 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $4.04 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $7.53. Average price target assigned by them is $5.73 which highlights an upside potential of 42.23% for the stock over that period. And to attain the median price target of $5.66 assigned by those analysts, stock has to add about 41.52% of value to its current levels.
Data by FactSet Research shows that 10 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 7 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, BTE’s stock price is moving -11.73% down while it is -28.04% when we observe its performance for the past one month. Year-to-date it is -26.61% down and over the past year, the stock is showing a downside performance of -22.84%.
Currently, Baytex Energy Corp.’s total number of outstanding shares is 546.15M. Company’s return on investment (ROI) stands at 29.90% and return on equity (ROE) at 32.90%. It has a price to earnings ratio (P/E ratio) of 2.16 while having a 2.58 of forward P/E ratio. Stock’s beta reads 2.92. Stock has a price to book (P/B) ratio of 0.60 while price to sale or P/S ratio amounts to 1.11. Its return on asset (ROA) is 17.40% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Ninepoint Energy Fund came shrinking its share ownership by 12.50% in the Baytex Energy Corp. (BTE) increasing its stake to 4.96% with control over 3.0 million shares in the company. As per SEC documents, Ninepoint Energy Fund shunned 27,000,000 of company’s common stock of worth $104.49 million as per recent closing price of the stock. Ninepoint Energy Fund is not the only institutional holder which restructured its stake in Baytex Energy Corp., as Vanguard Total International Stoc dumped 7,248,952 shares of worth $28.05 million to bring its holdings to a total of -0.15 million shares. In the most recent quarter, Vanguard Developed Markets Index came cutting its stake by -0.18% in the company and now holds 4.17 million or 0.77% of the company’s stake having worth of about 16.14 million.
