The stock price of Baytex Energy Corp. (NYSE: BTE) has dropped by -4.36 compared to previous close of 3.44. Despite this, the company has seen a fall of -2.95% in its stock price over the last five trading days.
Is It Worth Investing in Baytex Energy Corp. (NYSE: BTE) Right Now?
Baytex Energy Corp. (NYSE: BTE) has a price-to-earnings ratio of 2.16x that is above its average ratio. Additionally, the 36-month beta value for BTE is 2.91. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for BTE is $5.49, which is $2.35 above the current price. The public float for BTE is 541.73M and currently, short sellers hold a 6.36% ratio of that float. The average trading volume of BTE on May 26, 2023 was 2.52M shares.
BTE’s Market Performance
BTE’s stock has seen a -2.95% decrease for the week, with a -8.61% drop in the past month and a -21.67% fall in the past quarter. The volatility ratio for the week is 3.01%, and the volatility levels for the past 30 days are at 4.10% for Baytex Energy Corp. The simple moving average for the past 20 days is -4.21% for BTE’s stock, with a -25.57% simple moving average for the past 200 days.
BTE Trading at -8.76% from the 50-Day Moving Average
After a stumble in the market that brought BTE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.56% of loss for the given period.
Volatility was left at 4.10%, however, over the last 30 days, the volatility rate increased by 3.01%, as shares sank -9.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.81% upper at present.
During the last 5 trading sessions, BTE fell by -2.95%, which changed the moving average for the period of 200-days by -28.01% in comparison to the 20-day moving average, which settled at $3.42. In addition, Baytex Energy Corp. saw -27.05% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BTE
Current profitability levels for the company are sitting at:
- +40.97 for the present operating margin
- +44.38 for the gross margin
The net margin for Baytex Energy Corp. stands at +36.78. The total capital return value is set at 25.19, while invested capital returns managed to touch 22.64. Equity return is now at value 30.20, with 17.00 for asset returns.
Based on Baytex Energy Corp. (BTE), the company’s capital structure generated 30.93 points at debt to equity in total, while total debt to capital is 23.62. Total debt to assets is 18.36, with long-term debt to equity ratio resting at 30.81. Finally, the long-term debt to capital ratio is 23.53.
When we switch over and look at the enterprise to sales, we see a ratio of 1.56, with the company’s debt to enterprise value settled at 0.21. The receivables turnover for the company is 11.58 and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
In conclusion, Baytex Energy Corp. (BTE) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.