Baytex Energy Corp (NYSE: BTE) is -31.01% 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 $1.71 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $1.78, the stock is 4.83% and 3.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 47.53 million and changing 4.09% at the moment leaves the stock -28.45% off its SMA200. BTE registered -46.55% loss for a year compared to 6-month loss of -37.10%. The firm has a 50-day simple moving average (SMA 50) of $1.719 and a 200-day simple moving average (SMA200) of $2.48785.
The stock witnessed a 19.46% gain in the last 1 month and extending the period to 3 months gives it a -12.32%, and is 10.56% 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 3.60% over the week and 4.57% over the month.
Baytex Energy Corp (BTE) has around 370 employees, a market worth around $1.37B and $2.41B in sales. Current P/E ratio is 6.15 and Fwd P/E is 12.60. Profit margin for the company is 9.67%. Distance from 52-week low is 30.88% and -53.65% from its 52-week high. The company has generated returns on investments over the last 12 months (5.24%).
The EPS is expected to grow by 7.54% this year.
Baytex Energy Corp (BTE) Top Institutional Holders
231.0 institutions hold shares in Baytex Energy Corp (BTE), with institutional investors hold 46.25% of the company’s shares. The shares outstanding are 770.04M, and float is at 664.73M with Short Float at 9.88%. Institutions hold 45.94% of the Float.
