The stock of Baytex Energy Corp (BTE) has gone up by 3.25% for the week, with a 3.61% rise in the past month and a -13.11% drop in the past quarter. The volatility ratio for the week is 3.48%, and the volatility levels for the past 30 days are 3.33% for BTE. The simple moving average for the last 20 days is 2.21% for BTE’s stock, with a simple moving average of -10.56% for the last 200 days.
Is It Worth Investing in Baytex Energy Corp (NYSE: BTE) Right Now?
BTE has 36-month beta value of 1.77. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for BTE is 681.11M, and currently, short sellers hold a 8.21% ratio of that float. The average trading volume of BTE on November 18, 2024 was 11.35M shares.
BTE) stock’s latest price update
The stock price of Baytex Energy Corp (NYSE: BTE) has jumped by 2.55 compared to previous close of 2.94. Despite this, the company has seen a gain of 3.25% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-17 that The assimilation and optimization costs related to the acquisition are fading. Clearwater production is rising as planned. This company may continue to post earnings that beat the industry expectations.
BTE Trading at -0.56% 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 -26.07% of loss for the given period.
Volatility was left at 3.33%, however, over the last 30 days, the volatility rate increased by 3.48%, as shares surge +2.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.15% lower at present.
During the last 5 trading sessions, BTE rose by +3.25%, which changed the moving average for the period of 200-days by +0.50% in comparison to the 20-day moving average, which settled at $2.95. In addition, Baytex Energy Corp saw -9.19% 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:
- 0.14 for the present operating margin
- 0.23 for the gross margin
The net margin for Baytex Energy Corp stands at -0.09. The total capital return value is set at 0.07. Equity return is now at value -8.01, with -4.21 for asset returns.
Based on Baytex Energy Corp (BTE), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.85. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is 2.44.
Currently, EBITDA for the company is 691.14 million with net debt to EBITDA at 1.07. When we switch over and look at the enterprise to sales, we see a ratio of 1.47. The receivables turnover for the company is 10.13for 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 0.69.
Conclusion
To put it simply, Baytex Energy Corp (BTE) has had a mixed 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.
