Baytex Energy Corp (BTE) Is Now En Route to Higher Prices

Baytex Energy Corp (NYSE: BTE) is 5.81% higher on its value in year-to-date trading and has touched a low of $2.19 and a high of $4.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BTE stock was last observed hovering at around $2.68 in the last trading session, with the day’s gains setting it 0.05%.

Currently trading at $2.73, the stock is 9.62% and 0.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 23.54 million and changing 1.87% at the moment leaves the stock -16.20% off its SMA200. BTE registered -14.15% loss for a year compared to 6-month loss of -27.01%. The firm has a 50-day simple moving average (SMA 50) of $2.727 and a 200-day simple moving average (SMA200) of $3.2576.

The stock witnessed a 6.64% gain in the last 1 month and extending the period to 3 months gives it a -13.88%, and is 3.02% up 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 3.00% over the week and 3.74% over the month.

Baytex Energy Corp (BTE) has around 367 employees, a market worth around $2.15B and $2.47B in sales. Fwd P/E is 9.15. Profit margin for the company is -10.47%. Distance from 52-week low is 24.37% and -33.06% 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 252.80% 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

238.0 institutions hold shares in Baytex Energy Corp (BTE), with institutional investors hold 42.12% of the company’s shares. The shares outstanding are 787.33M, and float is at 678.71M with Short Float at 7.91%. Institutions hold 41.76% of the Float.