Baytex Energy Corp (NYSE:BTE)’s traded shares stood at 12.81 million during the last session, with the company’s beta value hitting 1.75. At the close of trading, the stock’s price was $2.97, to imply an increase of 2.06% or $0.06 in intraday trading. The BTE share’s 52-week high remains $4.65, putting it -56.57% down since that peak but still an impressive 4.71% since price per share fell to its 52-week low of $2.83. The company has a valuation of $2.39B, with an average of 12.79 million shares in intraday trading volume over the past 10 days and average of 11.75 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Baytex Energy Corp (BTE), translating to a mean rating of 1.73. Of 2 analyst(s) looking at the stock, 0 analyst(s) give BTE a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.23.
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Baytex Energy Corp (NYSE:BTE) trade information
After registering a 2.06% upside in the last session, Baytex Energy Corp (BTE) has traded red over the past five days. The 5-day price performance for the stock is 2.06%, and 3.85% over 30 days. With these gigs, the year-to-date price performance is -10.54%. Short interest in Baytex Energy Corp (NYSE:BTE) saw shorts transact 55.89 million shares and set a 5.43 days time to cover.
Baytex Energy Corp (BTE) estimates and forecasts
Looking at statistics comparing Baytex Energy Corp share performance against respective industry, we note that the company has underperformed competitors. Baytex Energy Corp (BTE) shares are -24.43% down over the last 6 months, with its year-to-date growth rate lower than industry average at -40.82% against -16.60%. Revenue is forecast to grow 109.10% this quarter before jumping 121.80% for the next one. The rating firms project that company’s revenue will grow 39.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 768.42M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 707.64M.Earnings reports from the last fiscal year show that sales brought in 866.56M and 614.5M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -11.30% before jumping 15.20% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 19.24% for the past 5-year period. While 2024 is set for a 263.59% return in earnings, projections for the next 5 years are at 18.20% annually.
BTE Dividends
Baytex Energy Corp has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Baytex Energy Corp has a forward dividend ratio of 0.07, with the share yield ticking at 2.23% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 9.86%.
Baytex Energy Corp (NYSE:BTE)’s Major holders
Baytex Energy Corp insiders hold 0.83% of total outstanding shares, with institutional holders owning 40.45% of the shares at 40.79% float percentage. In total, 40.45% institutions holds shares in the company.
We also have Vanguard International Stock Index-Total Intl Stock Indx and Avantis International Small Cap Value ETF as the top two Mutual Funds with the largest holdings of the Baytex Energy Corp (BTE) shares. Going by data provided on Jul 31, 2024 , Vanguard International Stock Index-Total Intl Stock Indx holds roughly 9.92 shares. This is just over 1.26% of the total shares, with a market valuation of $29.47 million. Data from the same date shows that the other fund manager holds a little less at 7.93, or 1.01% of the shares, all valued at about 23.54 million.
