During the last session, Baytex Energy Corp (NYSE:BTE)’s traded shares were 32.6 million, with the beta value of the company hitting 1.70. At the end of the trading day, the stock’s price was $2.56, reflecting an intraday loss of -1.92% or -$0.05. The 52-week high for the BTE share is $4.08, that puts it down -59.38 from that peak though still a striking 14.45% gain since the share price plummeted to a 52-week low of $2.19. The company’s market capitalization is $2.02B, and the average intraday trading volume over the past 10 days was 24.52 million shares, and the average trade volume was 13.90 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 2.00. 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.07.
Baytex Energy Corp (NYSE:BTE) trade information
Baytex Energy Corp (BTE) registered a -1.92% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.92% in intraday trading to $2.56, hitting a weekly high. The stock’s 5-day price performance is -6.91%, and it has moved by 14.80% in 30 days. Based on these gigs, the overall price performance for the year is -15.51%. The short interest in Baytex Energy Corp (NYSE:BTE) is 51.07 million shares and it means that shorts have 4.25 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 -29.48% during the last six months, with a year-to-date growth rate less than the industry average at -36.73% against -14.50. In the rating firms’ projections, revenue will increase 13.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.01B as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 943.3M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.07B and 984.19M respectively. In this case, analysts expect current quarter sales to shrink by -5.13% and then drop by -4.15% in the coming quarter.
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 224.84% in 2025.
BTE Dividends
Baytex Energy Corp is due to release its next quarterly earnings in February. 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 2.55 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 0.85% of total outstanding shares while institutional holders control 41.74%, with the float percentage being 42.10%.
Also, the Mutual Funds coming in first place with the largest holdings of Baytex Energy Corp (BTE) shares are Vanguard International Stock Index-Total Intl Stock Indx and Avantis International Small Cap Value ETF . Data provided on Oct 31, 2024 indicates that Vanguard International Stock Index-Total Intl Stock Indx owns about 9.78 shares. This amounts to just over 1.26 percent of the company’s overall shares, with a $25.04 million market value. The same data shows that the other fund manager holds slightly less at 7.71, or about 1.00% of the stock, which is worth about $19.73 million.
