Baytex Energy Corp (BTE) Down -61.20% From Its 52-Week High, But Growth Potential Is Changing Over Time

Baytex Energy Corp (NYSE:BTE) currently has a daily average trading volume of 42.51M but it saw 53078967 shares traded in last market. With a market cap of 1.15B USD, the company’s current market price of $1.49 came falling about -1.32 while comparing to the previous closing price of $1.51. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.84 and as low as $1.36.

Taking a look at 20-day trading activity of Baytex Energy Corp (BTE) gives us an average price of $1.6270, while its current price level is -61.20% below from 52-week high level whereas it is 9.56% 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 $1.9042 while that of 200 days or SMA-200 reads an average of $2.6754. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.89% during that period while stretching the period over a month that increases to 8.42%. 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 35.73 which implies that the stock is in neutral territory.

Over the week, BTE’s stock price is moving -3.25% down while it is -9.15% when we observe its performance for the past one month. Year-to-date it is -42.25% down and over the past year, the stock is showing a downside performance of -57.79%.

Currently, Baytex Energy Corp’s total number of outstanding shares is 770.04M. Company’s return on investment (ROI) stands at 5.24% and return on equity (ROE) at 8.02%. It has a price to earnings ratio (P/E ratio) of 5.15 while having a 10.54 of forward P/E ratio. Stock’s beta reads 1.01. Stock has a price to book (P/B) ratio of 0.39 while price to sale or P/S ratio amounts to 0.48. Its return on asset (ROA) is 4.18% on average.

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