In the last trading session, 20.78 million shares of the Baytex Energy Corp (NYSE:BTE) were traded, and its beta was 1.73. Most recently the company’s share price was $3.22, and it changed around -$0.13 or -3.88% from the last close, which brings the market valuation of the company to $2.59B. BTE currently trades at a discount to its 52-week high of $4.65, offering almost -44.41% off that amount. The share price’s 52-week low was $2.85, which indicates that the current value has risen by an impressive 11.49% since then. We note from Baytex Energy Corp’s average daily trading volume that its 10-day average is 15.93 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.
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Baytex Energy Corp (NYSE:BTE) trade information
Instantly BTE has showed a red trend with a performance of -3.88% at the end of last trading. 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 6.67%. The company’s shares are currently down -3.01% year-to-date, but still up 2.55% over the last five days. On the other hand, Baytex Energy Corp (NYSE:BTE) is 5.57% 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 -14.81 percent over the past six months and at a -36.73% annual growth rate that is well below the industry average of -19.60%.
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 in November. 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%.
