Baytex Energy Corp. (NYSE:BTE) does about 3.52M shares in volume on a normal day but saw 855417 shares change hands in Friday trading. The company now has a market cap of 287.13M USD and an enterprise value of about $287.68M. Its current market price is $0.51, marking an increase of 1.72% compared to the previous close of $0.50. The 52 week high reached by this stock is $1.78 whilst the lowest price level in 52 weeks is $0.19. The script in recent trading has seen the stock touch a high of $0.5156 and a low of $0.4999.
Baytex Energy Corp. (BTE) has a 20-day trading average at $0.5042 and the current price is -71.14% off the 52-week high compared with 170.37% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5006 and its 200-day simple moving average is $0.7612. If we look at the stock’s price movements over the week, volatility stands at 8.21%, which decreases to 6.59% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.52 to suggest the stock is neutral.
14 analysts observing the Baytex Energy Corp. (BTE) stock have set the 12-month price targets for the company’s shares at between $0.44 and $0.93. The median price target is 8.93% away from the current levels at $0.56.
FactSet Research has provided data showing that 14 brokerages have issued ratings for the stock. 3 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 10 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 07, 2020 when Scotiabank downgraded the stock to “Sector Underperform” and issued a price target of. Credit Suisse also downgraded the stock to “Neutral” from Outperform on March 25, 2020 at a price target of.
The current price level is 1.90%, 3.42%, and -32.80% away from its SMA20, SMA50, and SMA200 respectively, with the BTE price moving below the 50-day SMA on August 07. Baytex Energy Corp. (BTE) stock is up 8.88% over the week and 8.47% over the past month. Its price is -64.57% year-to-date and -62.78% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2017, with the company’s earnings per share (EPS) of -$0.03 above consensus estimates by $0.07. The company’s next earnings report is expected on 11/03/2020, with forecasts estimating quarterly EPS at -$0.11 and -$0.1 for whole year. BTE’s earnings per share are forecast to grow by 94.40% this year and -230.00% over next year. Expected sales for next quarter are $191.4 million, which analysts say will come at $774.12 million for the current fiscal year and next year at $743.32 million. In addition, estimates put the company’s current quarterly revenue at an average of $190.51 million.
Its 12-month price target is $0.56. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $0.44, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $0.93.
Outstanding shares total 560.51M with insiders holding 2.83% of the shares and institutional holders owning 28.00% of the company’s common stock. The company has a return on investment of 0.70% and return on equity of -154.00%. The beta has a value of 3.13. Price to book ratio is 0.89 and price to sales ratio is 0.34.
According to a U.S. Securities and Exchange Commission filing, DFA International Small Cap Value has reduced its position in Baytex Energy Corp. (BTE) to 12,133,880 shares, mirroring a recent drop by -24.92%. DFA International Small Cap Value dumped -4.03 million shares of Baytex Energy Corp. common stock bringing its total worth to about $6.12 million at the end of recent close, SEC documents show. DFA International Small Cap Value isn’t the only investment manager who changed stakes and is followed by Vanguard Total International Stoc, which sold off 0.0 shares to end up with 9,543,079 shares worth $4.81 million. Government Pension Fund – Global cut their holdings by -8.70% in the company over the course of the most recent quarter. It now holds a 1.27% position in Baytex Energy Corp. thanks to 7.12 million shares amounting to $3.59 million.