The stock of Baytex Energy Corp (NYSE: BTE) has increased by 0.69 when compared to last closing price of 2.91. Despite this, the company has experienced a -6.39% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-17 that Baytex Energy, despite delisting and rejoining the NYSE, has a sustainable business model and ongoing income, unlike Pantheon Resources. Pantheon Resources saw a temporary stock price surge post-2020, but lacked earnings and cash flow to sustain it. Baytex “accidentally” benefitted from technology progress that made the Clearwater wells extremely profitable while working on its Duvernay discovery.
Is It Worth Investing in Baytex Energy Corp (NYSE: BTE) Right Now?
BTE has 36-month beta value of 1.74. Analysts have mixed views on the stock, 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 697.29M, and currently, short sellers hold a 8.02% ratio of that float. The average trading volume of BTE on October 22, 2024 was 11.82M shares.
BTE’s Market Performance
BTE stock saw a decrease of -6.39% in the past week, with a monthly decline of -6.69% and a quarterly a decrease of -19.28%. The volatility ratio for the week is 2.74%, and the volatility levels for the last 30 days are 3.32% for Baytex Energy Corp (BTE). The simple moving average for the last 20 days is -5.24% for BTE stock, with a simple moving average of -13.55% for the last 200 days.
BTE Trading at -9.51% 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 -36.99% of loss for the given period.
Volatility was left at 3.32%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares sank -6.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.01% lower at present.
During the last 5 trading sessions, BTE fell by -6.39%, which changed the moving average for the period of 200-days by -11.75% in comparison to the 20-day moving average, which settled at $3.09. In addition, Baytex Energy Corp saw -11.75% 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 1.46. 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 put it simply, Baytex Energy Corp (BTE) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
