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Baytex Energy Corp (BTE) Looks Ready for Growth Despite -40.70% Change This Year

Baytex Energy Corp (NYSE: BTE) is -40.70% lower on its value in year-to-date trading and has touched a low of $1.36 and a high of $3.84 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 $1.64 in the last trading session, with the day’s loss setting it -0.11%.

Currently trading at $1.53, the stock is -6.31% and -20.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 33.93 million and changing -6.71% at the moment leaves the stock -43.28% off its SMA200. BTE registered -56.53% loss for a year compared to 6-month loss of -46.50%.

The stock witnessed a -23.50% gain in the last 1 month and extending the period to 3 months gives it a -34.89%, and is -7.83% 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 6.19% over the week and 9.27% over the month.

Baytex Energy Corp (BTE) has around 370 employees, a market worth around $1.18B and $2.43B in sales. Current P/E ratio is 7.14 and Fwd P/E is 9.24. Profit margin for the company is 7.15%. Distance from 52-week low is 12.50% and -60.16% from its 52-week high. The company has generated returns on investments over the last 12 months (3.88%).

with sales reaching $932.8M over the same period.The EPS is expected to grow by 46.25% this year, but quarterly earnings will post -10.55% year-over-year. Quarterly sales are estimated to shrink -17.68% in year-over-year returns.

Baytex Energy Corp (BTE) Top Institutional Holders

The shares outstanding are 773.59M, and float is at 669.08M with Short Float at 7.33%.

Baytex Energy Corp (BTE) Insider Activity

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