Baytex Energy Corp (NYSE: BTE) Drops -20.20% Over A Month, But Analysts Still See Upside Potential

Baytex Energy Corp (NYSE:BTE) currently has a daily average trading volume of 12.42M but it saw 8548463 shares traded in last market. With a market cap of 1.90B USD, the company’s current market price of $2.41 came rising about 1.26 while comparing to the previous closing price of $2.38. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.08 and as low as $2.19. In the recent trading on the day, stock has struck highest price mark of $2.37 while lowest mark touched by it was $2.44.

Taking a look at 20-day trading activity of Baytex Energy Corp (BTE) gives us an average price of $2.56, while its current price level is -40.91% below from 52-week high level whereas it is 9.79% 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 $2.79 while that of 200 days or SMA-200 reads an average of $3.30. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.81% during that period while stretching the period over a month that decreases to 4.12%. 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 37.67 which implies that the stock is in neutral territory.

Over the week, BTE’s stock price is moving 2.99% up while it is -20.20% when we observe its performance for the past one month. Year-to-date it is -27.41% down and over the past year, the stock is showing a downside performance of -28.06%.

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 8.08 of forward P/E ratio. Stock’s beta reads 1.73. Stock has a price to book (P/B) ratio of 0.64 while price to sale or P/S ratio amounts to 0.77. Its return on asset (ROA) is -4.21% on average.