Baytex Energy Corp (NYSE:BTE) concluded the trading at $3.91 Wednesday, April 10, with a rise of 3.44% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $3.78 and 5Y monthly beta was reading 2.78. Considering stock’s 52-week price range provides that BTE hit a high price of $4.65 and saw its price falling to a low level of $2.89 during that period. Over a period of past 1-month, stock came adding 23.34% in its value.
With its current market valuation of $3.21 billion, Baytex Energy Corp is set to declare its quarterly results on May 09, 2024. BTE Stock’s Forward Dividend of 0.05 and its yield of 1.28% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of $0.06 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $0.49 for 2024 with estimates of that growing to $0.44 in next year. These estimates are suggesting current year growth of 304.20% for EPS and -10.20% growth next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $661.53 million. They suggested that in the process company could generate revenue of as low as $661.53 million which could climb up to $661.53 million to hit a high. The average estimate is representing an increase of 57.30% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $2.06 billion in 2024, which will be 3.20% more from revenue generated by the company last year.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review BTE stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 25% Sell. Long term indicators are suggesting an average of 50% Buy for it.
Digging deeper we become aware of the PEG ratio of the BTE stock which is currently positioned at 0. It further provides that stock’s current price level is 8.67% away from its 20-day simple moving average and is 16.22% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 64.06 while volatility remained at 3.85% over the past week which changes to 3.62% when measuring it over the past month. Beta is valued at 1.86, while measure of average true range or ATR is currently at 0.14.
Having a second look at Baytex Energy Corp (NYSE:BTE) provides that stock’s average daily trading volume for 3 months was 9.11 million, while it jumped to 11.15 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 821.68 million.
The percentage of outstanding shares held by the insiders is 12.97% while it is 24.54% for the institutional holders. The figures also indicate that as of Mar 28, 2024, number of stock’s short shares was 16.01 million which implies a short ratio of 1.64. This shows down a 1.95% of Short Interest in company’s outstanding shares on the day. In March the standing of shares short improved as it was 17.34 million in the previous month. Addition of 17.77% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
