Baytex Energy Corp (NYSE:BTE) shares, rose in value, with the stock price up by 0.26% to the previous day’s close as strong demand from buyers drove the stock to $3.81.
Actively observing the price movement in the last trading, the stock closed the session at $3.80. Referring to stock’s 52-week performance, its high was $4.65, and the low was $2.89. On the whole, BTE has fluctuated by 6.72% over the past month.
The company’s Forward Dividend Ratio is 0.05, with its dividend yield at 1.31%.
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% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BTE currently trading nearly 1.55% and 9.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.95, while the 7-day volatility ratio is showing 3.37% which for the 30-day chart, stands at 3.79%. Furthermore, Baytex Energy Corp (BTE)’s beta value is 1.84, and its average true range (ATR) is 0.13.
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 0.26% in last session, and over the past year, it shrunk by -2.81%%.
Data on historical trading for Baytex Energy Corp (NYSE:BTE) indicates that the trading volumes over the past 3 months, they’ve averaged 9.85 million. According to company’s latest data on outstanding shares, there are 821.68 million shares outstanding.
Nearly 13.28% of Baytex Energy Corp’s shares belong to company insiders and institutional investors own 24.53% of the company’s shares. The stock has risen by 14.76% 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.
