In the last trading session, 10.6 million Baytex Energy Corp (NYSE:BTE) shares changed hands as the company’s beta touched 1.74. With the company’s per share price at $2.93 changed hands at $0.02 or 0.69% during last session, the market valuation stood at $2.36B. BTE’s last price was a discount, traded about -58.7% off its 52-week high of $4.65. The share price had its 52-week low at $2.85, which suggests the last value was 2.73% up since then. When we look at Baytex Energy Corp’s average trading volume, we note the 10-day average is 13.09 million shares, with the 3-month average coming to 11.82 million.
Analysts gave the Baytex Energy Corp (BTE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.73. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended BTE as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Baytex Energy Corp’s EPS for the current quarter is expected to be 0.23.
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Baytex Energy Corp (NYSE:BTE) trade information
Instantly BTE was in green as seen at the end of in last trading. With action -6.39%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -11.75%, with the 5-day performance at -6.39% in the red. However, in the 30-day time frame, Baytex Energy Corp (NYSE:BTE) is -6.69% down. Looking at the short shares, we see there were 55.89 million shares sold at short interest cover period of 5.43 days.
Baytex Energy Corp (BTE) estimates and forecasts
Data shows that the Baytex Energy Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -19.73% over the past 6 months, a -36.73% in annual growth rate that is considerably lower than the industry average of -23.30%. Year-over-year growth is forecast to reach 40.30% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 771.4M. 1 analysts are of the opinion that Baytex Energy Corp’s revenue for the current quarter will be 710.39M. The company’s revenue for the corresponding quarters a year ago was 866.56M and 614.5M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -11.00%. The estimates for the next quarter sales put growth at 15.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.24%. The 2024 estimates are for Baytex Energy Corp earnings to increase by 263.59%, but the outlook for the next 5-year period is at 18.20% per year.
BTE Dividends
Baytex Energy Corp is expected to release its next quarterly earnings report in November. The 2.26% annual yield figure for the share gives it an annual dividend of 0.07. It is important to note, however, that the 2.26% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 9.86 per year.
Baytex Energy Corp (NYSE:BTE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.83% of Baytex Energy Corp shares while 40.46% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 40.80%.
