In today’s recent session, 1.42 million shares of the Baytex Energy Corp (NYSE:BTE) have been traded, and its beta is 1.84. Most recently the company’s share price was $3.68, and it changed around $0.03 or 0.96% from the last close, which brings the market valuation of the company to $3.03B. BTE at last check was trading at a discount to its 52-week high of $4.65, offering almost -26.36% off that amount. The share price’s 52-week low was $2.89, which indicates that the recent value has risen by an impressive 21.47% since then. We note from Baytex Energy Corp’s average daily trading volume that its 3-month average coming to 9.83 million.
Baytex Energy Corp stock received a consensus recommendation rating of Hold, based on a mean score of 1.55. If we narrow it down even further, the data shows that 1 out of 8 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 5 recommended BTE as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Baytex Energy Corp is expected to report earnings per share of $0.06 for the current quarter.
Baytex Energy Corp (NYSE:BTE) trade information
Instantly BTE has been showing a green trend so far today with a performance of 0.96% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 10.99% year-to-date, but still up 0.68% over the last five days. On the other hand, Baytex Energy Corp (NYSE:BTE) is 5.89% up in the 30-day period.
Baytex Energy Corp (BTE) estimates and forecasts
Baytex Energy Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -18.47 percent over the past six months and at a 10.20% annual growth rate that is well above the industry average of 3.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -14.30% in revenue this quarter, and will report a decrease of -44.40% in the next quarter. The year-over-year growth rate is expected to be 3.20%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $653.41 million in revenue for the current quarter. 1 analysts expect Baytex Energy Corp to make $692.42 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $420.67 million and $441.06 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 55.30%. Forecasts for the next quarter put sales growth at 57.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 19.24%. Baytex Energy Corp earnings are expected to increase by 320.25% in 2024, but the outlook is positive 18.20% per year for the next five years.
BTE Dividends
Baytex Energy Corp’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 1.36 percent and its annual dividend per share was 0.05. It is important to note, however, that the 1.36% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
