In the past week, BTE stock has gone down by -1.93%, with a monthly gain of 0.85% and a quarterly plunge of -3.53%. The volatility ratio for the week is 2.56%, and the volatility levels for the last 30 days are 3.69% for Baytex Energy Corp The simple moving average for the last 20 days is 2.35% for BTE stock, with a simple moving average of 2.45% for the last 200 days.
Is It Worth Investing in Baytex Energy Corp (NYSE: BTE) Right Now?
The stock has a 36-month beta value of 1.75. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for BTE is 696.75M, and at present, short sellers hold a 4.91% of that float. On August 30, 2024, the average trading volume of BTE was 9.85M shares.
BTE) stock’s latest price update
Baytex Energy Corp (NYSE: BTE)’s stock price has plunge by -3.27relation to previous closing price of 3.67. Nevertheless, the company has seen a -1.93% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-08-23 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
BTE Trading at 0.58% 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 -23.66% of loss for the given period.
Volatility was left at 3.69%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares surge +10.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.70% upper at present.
During the last 5 trading sessions, BTE fell by -1.52%, which changed the moving average for the period of 200-days by -9.75% in comparison to the 20-day moving average, which settled at $3.49. In addition, Baytex Energy Corp saw 6.93% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BTE
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.25 for the gross margin
The net margin for Baytex Energy Corp stands at -0.1. The total capital return value is set at 0.12. Equity return is now at value -9.39, with -4.90 for asset returns.
Based on Baytex Energy Corp (BTE), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.74. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 3.27.
Currently, EBITDA for the company is 1.68 billion with net debt to EBITDA at 1.09. When we switch over and look at the enterprise to sales, we see a ratio of 1.61. The receivables turnover for the company is 9.08for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.72.
Conclusion
To sum up, Baytex Energy Corp (BTE) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
