For Risk-Tolerant Investors, Baytex Energy Corp (NYSE: BTE) Stands Out As A Strong Investment Choice

During the recent session, Baytex Energy Corp (NYSE:BTE)’s traded shares were 1.79 million, with the beta value of the company hitting 1.74. At the last check today, the stock’s price was $3.23, reflecting an intraday loss of -0.39% or -$0.01. The 52-week high for the BTE share is $4.65, that puts it down -43.96 from that peak though still a striking 11.76% gain since the share price plummeted to a 52-week low of $2.85. The company’s market capitalization is $2.60B, and the average intraday trading volume over the past 10 days was 14.93 million shares, and the average trade volume was 11.55 million shares over the past three months.

Baytex Energy Corp (BTE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.60. BTE has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.

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Baytex Energy Corp (NYSE:BTE) trade information

Baytex Energy Corp (BTE) registered a -0.39% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.39% in intraday trading to $3.23, hitting a weekly high. The stock’s 5-day price performance is -2.50%, and it has moved by 5.47% in 30 days. Based on these gigs, the overall price performance for the year is -22.60%. The short interest in Baytex Energy Corp (NYSE:BTE) is 55.89 million shares and it means that shorts have 5.43 day(s) to cover.

Baytex Energy Corp (BTE) estimates and forecasts

Statistics show that Baytex Energy Corp has underperformed its competitors in share price, compared to the industry in which it operates. Baytex Energy Corp (BTE) shares have gone down -14.39% during the last six months, with a year-to-date growth rate less than the industry average at -36.73% against -20.90.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 19.24%. While earnings are projected to return 259.68% in 2024, the next five years will return 18.20% per annum.

BTE Dividends

Baytex Energy Corp is due to release its next quarterly earnings on 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Baytex Energy Corp is 0.07, with the dividend yield indicating at 2.05 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 9.86%.

Baytex Energy Corp (NYSE:BTE)’s Major holders

Baytex Energy Corp insiders own 0.83% of total outstanding shares while institutional holders control 40.47%, with the float percentage being 40.81%.