Baytex Energy Corp (NYSE: BTE) Recovers 22.06% From 52-Week Low, Is BTE Still A High-Risk, High-Reward Play?

Baytex Energy Corp (NYSE:BTE) currently has a daily average trading volume of 40.65M but it saw 35819456 shares traded in last market. With a market cap of 1.28B USD, the company’s current market price of $1.66 came rising about 4.40 while comparing to the previous closing price of $1.59. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.96 and as low as $1.36. In the recent trading on the day, stock has struck highest price mark of $1.6 while lowest mark touched by it was $1.7199.

Taking a look at 20-day trading activity of Baytex Energy Corp (BTE) gives us an average price of $1.9470, while its current price level is -58.08% below from 52-week high level whereas it is 22.06% 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 $2.1400 while that of 200 days or SMA-200 reads an average of $2.8173. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.67% during that period while stretching the period over a month that increases to 8.51%. 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 38.83 which implies that the stock is in neutral territory.

Over the week, BTE’s stock price is moving -7.78% down while it is -21.33% when we observe its performance for the past one month. Year-to-date it is -35.66% down and over the past year, the stock is showing a downside performance of -54.52%.

Currently, Baytex Energy Corp’s total number of outstanding shares is 773.59M. Company’s return on investment (ROI) stands at 3.88% and return on equity (ROE) at 5.99%. It has a price to earnings ratio (P/E ratio) of 7.75. Stock’s beta reads 1.03. Stock has a price to book (P/B) ratio of 0.44 while price to sale or P/S ratio amounts to 0.53. Its return on asset (ROA) is 3.14% on average.