In recent trading session today, 3.3 million shares of the Baytex Energy Corp (NYSE:BTE) have been traded, and its beta is 1.73. Most recently the company’s share price was $3.21, and it changed around -$0.14 or -4.18% from the last close, which brings the market valuation of the company to $2.58B. BTE at last check was trading at a discount to its 52-week high of $4.65, offering almost -44.86% off that amount. The share price’s 52-week low was $2.85, which indicates that the recent value has risen by an impressive 11.21% since then. We note from Baytex Energy Corp’s average daily trading volume that its 10-day average is 14.77 million shares, with the 3-month average coming to 11.24 million.
Baytex Energy Corp stock received a consensus recommendation rating of Hold, based on a mean score of 1.60. 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 0.14 for the current quarter.
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Baytex Energy Corp (NYSE:BTE) trade information
Instantly BTE has been showing red trend so far today with a performance of -4.18% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.45 on recent trading dayincreased the stock’s daily price by 6.96%. The company’s shares are currently down -3.31% year-to-date, but still up 2.23% over the last five days. On the other hand, Baytex Energy Corp (NYSE:BTE) is 5.25% up in the 30-day period. We can see from the shorts that 46.5 million shares have been sold at a short interest cover period of 5.43 day(s).
Baytex Energy Corp (BTE) estimates and forecasts
Baytex Energy Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -15.08 percent over the past six months and at a -36.73% annual growth rate that is well below the industry average of -19.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 27.30% in revenue this quarter, and will report an increase of 121.80% in the next quarter. The year-over-year growth rate is expected to be 42.30%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 783.72M in revenue for the current quarter. 1 analysts expect Baytex Energy Corp to make 721.73M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 866.56M and 614.5M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -9.60%. Forecasts for the next quarter put sales growth at 17.50%.
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 259.68% 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 on 2024-Oct-31. The annual dividend yield of the stock is 2.06 percent and its annual dividend per share was 0.07. It is important to note, however, that the 2.06% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 9.86 per year.
Baytex Energy Corp (NYSE:BTE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.82% of Baytex Energy Corp shares, and 40.21% of them are in the hands of institutional investors. The stock currently has a share float of 40.54%.
Vanguard International Stock Index-Total Intl Stock Indx and Avantis International Small Cap Value ETF were the top two Mutual Funds as of Jul 31, 2024. The former held 9.92 shares worth $31.66 million, making up 1.25% of all outstanding shares. On the other hand, Avantis International Small Cap Value ETF held roughly 6.98 shares worth around $22.27 million, which represents about 0.88% of the total shares outstanding.
