Baytex Energy Corp (NYSE:BTE) does about 46.31M shares in volume on a normal day but saw 45316351 shares change hands in the recent trading day. The company now has a market cap of 1.31B USD. Its current market price is $1.70, marking an increase of 5.59% compared to the previous close of $1.61. The 52 week high reached by this stock is $3.84 whilst the lowest price level in 52 weeks is $1.36.
The consensus objective for the share price is $2.87, suggesting that the stock has a potential upside of 40.77% over the period.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The current price level is 2.72%, -3.37%, and -32.66% away from its SMA20, SMA50, and SMA200 respectively, with the BTE price moving above the 50-day SMA on current market day. Baytex Energy Corp (BTE) stock is up 3.66% over the week and 4.94% over the past month. Its price is -34.11% year-to-date and -52.78% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0.17 for whole year. Expected sales for next quarter are $806.2M, which analysts say will come at $3.31B for the current fiscal year and next year at $3.2B. In addition, estimates put the company’s current quarterly revenue at an average of $770.1M.
To reach the target analysts have set, the stock logically needs to grow 40.77 percent from here.
Outstanding shares total 770.04M with insiders holding 0.66% of the shares and institutional holders owning 45.88% of the company’s common stock. The company has a return on investment of 5.24% and return on equity of 8.02%. The price to earnings ratio (P/E ratio) amounts to 5.87 while the forward price to earnings ratio is 12.03. The beta has a value of 0.99. Price to book ratio is 0.45 and price to sales ratio is 0.54.
