The 36-month beta value for BTE is also noteworthy at 1.74. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
The public float for BTE is 697.29M, and at present, short sellers hold a 8.02% of that float. The average trading volume of BTE on October 14, 2024 was 11.55M shares.
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BTE) stock’s latest price update
The stock price of Baytex Energy Corp (NYSE: BTE) has plunged by -0.62 when compared to previous closing price of 3.24, but the company has seen a -2.72% decline in its stock price over the last five trading sessions. 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
Baytex Energy Corp (BTE) has seen a -2.72% fall in stock performance for the week, with a 5.23% gain in the past month and a -15.26% plunge in the past quarter. The volatility ratio for the week is 2.84%, and the volatility levels for the past 30 days are at 3.40% for BTE. The simple moving average for the past 20 days is 2.66% for BTE’s stock, with a -5.29% simple moving average for the past 200 days.
BTE Trading at -1.55% 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 -30.75% of loss for the given period.
Volatility was left at 3.40%, however, over the last 30 days, the volatility rate increased by 2.84%, as shares surge +5.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.52% lower at present.
During the last 5 trading sessions, BTE fell by -2.72%, which changed the moving average for the period of 200-days by -5.57% in comparison to the 20-day moving average, which settled at $3.14. In addition, Baytex Energy Corp saw -3.01% 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 1.54. 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 summary, Baytex Energy Corp (BTE) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
