Spotting A Winner: Baytex Energy Corp (NYSE: BTE) Retreats -1.33 And It Still Have Room To Run

Baytex Energy Corp (NYSE:BTE) currently has a daily average trading volume of 12.19M but it saw 12104094 shares traded in last market. With a market cap of 1.76B USD, the company’s current market price of $2.23 came falling about -1.33 while comparing to the previous closing price of $2.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.08 and as low as $2.25. In the recent trading on the day, stock has struck highest price mark of $2.22 while lowest mark touched by it was $2.32.

Taking a look at 20-day trading activity of Baytex Energy Corp (BTE) gives us an average price of $2.65, while its current price level is -45.32% below from 52-week high level whereas it is -0.89% 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 $2.84 while that of 200 days or SMA-200 reads an average of $3.31. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.31% during that period while stretching the period over a month that decreases to 3.78%. 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 21.63 which implies that the stock is in oversold territory.

Over the week, BTE’s stock price is moving -11.86% down while it is -24.41% when we observe its performance for the past one month. Year-to-date it is -32.83% down and over the past year, the stock is showing a downside performance of -34.41%.

Currently, Baytex Energy Corp’s total number of outstanding shares is 787.33M. Company’s return on investment (ROI) stands at -5.58% and return on equity (ROE) at -8.01%. It has a 7.56 of forward P/E ratio. Stock’s beta reads 1.75. Stock has a price to book (P/B) ratio of 0.60 while price to sale or P/S ratio amounts to 0.71. Its return on asset (ROA) is -4.21% on average.