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Baytex Energy Corp. (BTE) Review – Making Smarter Decisions

Baytex Energy Corp. (NYSE: BTE) is -26.61% lower on its value in year-to-date trading and has touched a low of $3.03 and a high of $7.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BTE stock was last observed hovering at around $3.20 in the last trading session, with the day’s gains setting it 0.11% off its average median price target of $5.66 for the next 12 months. It is also 56.04% off the consensus price target high of $7.53 offered by 10 analysts, but current levels are 18.07% higher than the price target low of $4.04 for the same period.

Currently trading at $3.31, the stock is -16.50% and -21.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.66 million and changing 3.44% at the moment leaves the stock -31.22% off its SMA200. BTE registered -22.84% loss for a year compared to 6-month loss of -35.73%.

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The stock witnessed a -28.04% gain in the last 1 month and extending the period to 3 months gives it a -23.64%, and is -11.73% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.79% over the week and 5.64% over the month.

Baytex Energy Corp. (BTE) has around 222 employees, a market worth around $2.58B and $2.33B in sales. Current P/E ratio is 2.16 and Fwd P/E is 2.58. Profit margin for the company is 36.80%. Distance from 52-week low is 9.42% and -54.28% from its 52-week high. The company has generated returns on investments over the last 12 months (29.90%).

Baytex Energy Corp. (BTE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Baytex Energy Corp. (BTE) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 2.80, where 7 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Baytex Energy Corp. is expected to release its quarterly report on 05/04/2023.The EPS is expected to shrink by -46.20% this year

Baytex Energy Corp. (BTE) Top Institutional Holders

The shares outstanding are 546.15M, and float is at 541.73M with Short Float at 1.31%.

Baytex Energy Corp. (BTE): Who are the competitors?

The company’s main competitors (and peers) include Enerplus Corporation (ERF) that is trading 9.30% up over the past 12 months and Crescent Point Energy Corp. (CPG) that is -8.81% lower over the same period.

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