Why should you keep an eye on Baytex Energy Corp (BTE)?

Baytex Energy Corp (NYSE: BTE) is -29.52% lower on its value in year-to-date trading and has touched a low of $2.37 and a high of $4.08 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 $2.37 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $2.34, the stock is -14.00% and -18.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.2 million and changing -1.27% at the moment leaves the stock -29.51% off its SMA200. BTE registered -28.66% loss for a year compared to 6-month loss of -29.09%. The firm has a 50-day simple moving average (SMA 50) of $2.9014 and a 200-day simple moving average (SMA200) of $3.3235.

The stock witnessed a -20.41% gain in the last 1 month and extending the period to 3 months gives it a -24.52%, and is -7.14% 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 3.82% over the week and 3.56% over the month.

Baytex Energy Corp (BTE) has around 367 employees, a market worth around $1.84B and $2.47B in sales. Fwd P/E is 7.94. Profit margin for the company is -10.47%. Distance from 52-week low is -1.27% and -42.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.58%).

with sales reaching $1.01B over the same period.The EPS is expected to grow by 255.08% this year, but quarterly earnings will post 13.72% year-over-year. Quarterly sales are estimated to shrink -5.13% in year-over-year returns.

Baytex Energy Corp (BTE) Top Institutional Holders

239.0 institutions hold shares in Baytex Energy Corp (BTE), with institutional investors hold 41.62% of the company’s shares. The shares outstanding are 787.33M, and float is at 678.72M with Short Float at 8.24%. Institutions hold 41.27% of the Float.