The 36-month beta value for BTE is at 1.73. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for BTE is 696.73M, and currently, shorts hold a 6.67% of that float. The average trading volume for BTE on October 04, 2024 was 11.11M shares.
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BTE) stock’s latest price update
The stock of Baytex Energy Corp (NYSE: BTE) has increased by 1.00 when compared to last closing price of 3.27.Despite this, the company has seen a gain of 12.33% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-27 that Baytex Energy’s stock price is temporarily depressed due to a large shareholder from the Ranger Oil acquisition selling shares. The Eagle Ford acreage is delivering anticipated improvements. This enables far more Clearwater production, which earns a 500% return. The startup of the Trans Mountain Pipeline Expansion is keeping the heavy oil discount historically tight (for the time being).
BTE’s Market Performance
BTE’s stock has risen by 12.33% in the past week, with a monthly rise of 3.53% and a quarterly drop of -7.23%. The volatility ratio for the week is 4.24% while the volatility levels for the last 30 days are 3.91% for Baytex Energy Corp The simple moving average for the last 20 days is 7.58% for BTE’s stock, with a simple moving average of -2.96% for the last 200 days.
BTE Trading at -0.15% 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 -28.98% of loss for the given period.
Volatility was left at 3.91%, however, over the last 30 days, the volatility rate increased by 4.24%, as shares surge +7.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.28% lower at present.
During the last 5 trading sessions, BTE rose by +11.99%, which changed the moving average for the period of 200-days by -0.22% in comparison to the 20-day moving average, which settled at $3.08. In addition, Baytex Energy Corp saw -0.52% 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:
- 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 3.75.
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 1.55. 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
In conclusion, Baytex Energy Corp (BTE) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
