Baytex Energy Corp (NYSE:BTE) has a beta value of 1.75 and has seen 7.07 million shares traded in the last trading session. The company, currently valued at $2.52B, closed the last trade at $3.13 per share which meant it lost -$0.09 on the day or -2.80% during that session. The BTE stock price is -48.56% off its 52-week high price of $4.65 and 8.95% above the 52-week low of $2.85. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.99 million shares traded. The 3-month trading volume is 11.57 million shares.
The consensus among analysts is that Baytex Energy Corp (BTE) is Buy stock at the moment, with a recommendation rating of 1.60. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.13.
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Baytex Energy Corp (NYSE:BTE) trade information
Sporting -2.80% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BTE stock price touched $3.13 or saw a rise of 4.86%. Year-to-date, Baytex Energy Corp shares have moved -5.72%, while the 5-day performance has seen it change -6.57%. Over the past 30 days, the shares of Baytex Energy Corp (NYSE:BTE) have changed 2.96%. Short interest in the company has seen 55.89 million shares shorted with days to cover at 5.43.
Baytex Energy Corp (BTE) estimates and forecasts
Figures show that Baytex Energy Corp shares have underperformed across the wider relevant industry. The company’s shares have lost -14.25% over the past 6 months, with this year growth rate of -36.73%, compared to -22.50% for the industry. Revenue growth from the last financial year stood is estimated to be 40.30%.
1 analysts offering their estimates for the company have set an average revenue estimate of 772.42M for the current quarter. 1 have an estimated revenue figure of 711.33M for the next ending quarter. Year-ago sales stood 866.56M and 614.5M respectively for this quarter and the next, and analysts expect sales will shrink by -10.90% for the current quarter and 40.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 19.24% over the past 5 years. Earnings growth for 2024 is a modest 278.38% while over the next 5 years, the company’s earnings are expected to increase by 18.20%.
BTE Dividends
Baytex Energy Corp is expected to release its next earnings report on 2024-Oct-31 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.07 at a share yield of 2.12%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 9.86%.
Baytex Energy Corp (NYSE:BTE)’s Major holders
Insiders own 0.83% of the company shares, while shares held by institutions stand at 40.47% with a share float percentage of 40.80%. Investors are also buoyed by the number of investors in a company, with Baytex Energy Corp having a total of 242.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Vanguard International Stock Index-Total Intl Stock Indx and Avantis International Small Cap Value ETF . As of Jul 31, 2024 , the former fund manager holds about 1.26% shares in the company for having 9.92 shares of worth $31.06 million while later fund manager owns 7.93 shares of worth $24.81 million as of Sep 30, 2024 , which makes it owner of about 1.01% of company’s outstanding stock.
