In last trading session, Baytex Energy Corp (NYSE:BTE) saw 6.07 million shares changing hands with its beta currently measuring 1.88. Company’s recent per share price level of $3.48 trading at -$0.07 or -1.97% at ring of the bell on the day assigns it a market valuation of $2.86B. That closing price of BTE’s stock is at a discount of -33.62% from its 52-week high price of $4.65 and is indicating a premium of 16.95% from its 52-week low price of $2.89. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.11 million shares which gives us an average trading volume of 8.63 million if we extend that period to 3-months.
Baytex Energy Corp (NYSE:BTE) trade information
Upright in the red during last session for losing -1.97%, in the last five days BTE remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $3.48 price level, adding 3.06% to its value on the day. Baytex Energy Corp’s shares saw a change of 4.82% in year-to-date performance and have moved 4.19% in past 5-day. Baytex Energy Corp (NYSE:BTE) showed a performance of 1.16% in past 30-days. Number of shares sold short was 18.53 million shares which calculate 1.93 days to cover the short interests.
Baytex Energy Corp (BTE) estimates and forecasts
Statistics highlight that Baytex Energy Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -13.43% of value to its shares in past 6 months, showing an annual growth rate of 4.08% while that of industry is -3.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -14.30% in the current quarter and calculating -40.70% decrease in the next quarter. This year revenue growth is estimated to fall -10.80% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $666.33 million for the same. And 1 analysts are in estimates of company making revenue of $706.11 million in the next quarter that will end on Jun 2024. Company posted $420.67 million and $441.06 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 58.40% while estimating it to be 60.10% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 19.24% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 297.84% while estimates for its earnings growth in next 5 years are of 18.20%.
BTE Dividends
Baytex Energy Corp is more likely to be releasing its next quarterly report on May 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Baytex Energy Corp (NYSE:BTE)’s Major holders
Insiders are in possession of 0.84% of company’s total shares while institution are holding 36.62 percent of that, with stock having share float percentage of 36.93%. Investors also watch the number of corporate investors in a company very closely, which is 36.62% institutions for Baytex Energy Corp that are currently holding shares of the company. Juniper Capital Advisors, L.P. is the top institutional holder at BTE for having 101.75 million shares of worth $354.1 million. And as of Dec 30, 2023, it was holding 12.38% of the company’s outstanding shares.
The second largest institutional holder is Ninepoint Partners LP, which was holding about 40.0 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 4.87% of outstanding shares, having a total worth of $139.2 million.
On the other hand, Vanguard International Stock Index-Total Intl Stock Indx and Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2023, the former fund manager was holding 9.3 million shares of worth $32.35 million or 1.13% of the total outstanding shares. The later fund manager was in possession of 5.56 million shares on Dec 30, 2023, making its stake of worth around $19.36 million in the company or a holder of 0.68% of company’s stock.
