Look Past The Setbacks And Give Baytex Energy Corp (NYSE: BTE) Another Chance

Baytex Energy Corp (NYSE:BTE) currently has a daily average trading volume of 10.28M but it saw 14732514 shares traded in last market. With a market cap of 2.42B USD, the company’s current market price of $3.01 came falling about -5.05 while comparing to the previous closing price of $3.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.65 and as low as $2.88. In the recent trading on the day, stock has struck highest price mark of $3.01 while lowest mark touched by it was $3.16.

Taking a look at 20-day trading activity of Baytex Energy Corp (BTE) gives us an average price of $3.18, while its current price level is -35.27% below from 52-week high level whereas it is 4.51% 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 $3.38 while that of 200 days or SMA-200 reads an average of $3.41. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.54% during that period while stretching the period over a month that increases to 3.69%. 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 36.93 which implies that the stock is in neutral territory.

Over the week, BTE’s stock price is moving -2.90% down while it is -18.43% when we observe its performance for the past one month. Year-to-date it is -9.34% down and over the past year, the stock is showing a downside performance of -28.16%.

Currently, Baytex Energy Corp’s total number of outstanding shares is 821.68M. Company’s return on investment (ROI) stands at -6.38% and return on equity (ROE) at -9.39%. It has a 8.85 of forward P/E ratio. Stock’s beta reads 1.74. Stock has a price to book (P/B) ratio of 0.84 while price to sale or P/S ratio amounts to 0.96. Its return on asset (ROA) is -4.90% on average.