Baytex Energy Corp [NYSE: BTE] jumped around 0.04 points on Monday, while shares priced at $3.38 at the close of the session, up 1.20%.
Compared to the average trading volume of 8.64M shares, BTE reached a trading volume of 6204023 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Baytex Energy Corp [BTE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BTE shares is $4.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BTE stock is a recommendation set at 1.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
National Bank Financial have made an estimate for Baytex Energy Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 03, 2023. The new note on the price target was released on September 29, 2023, representing the official price target for Baytex Energy Corp stock.
The Average True Range (ATR) for Baytex Energy Corp is set at 0.11, with the Price to Sales ratio for BTE stock in the period of the last 12 months amounting to 1.38. The Price to Book ratio for the last quarter was 0.96, with the Price to Cash per share for the same quarter was set at 0.05. Price to Free Cash Flow for BTE in the course of the last twelve months was 18.99 with Quick ratio for the last quarter at 0.79.
How has BTE stock performed recently?
Baytex Energy Corp [BTE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.62. With this latest performance, BTE shares gained by 2.11% in over the last four-week period, additionally sinking by -21.94% over the last 6 months – not to mention a rise of 2.11% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BTE stock in for the last two-week period is set at 59.01, with the RSI for the last a single of trading hit 64.61, and the three-weeks RSI is set at 55.58 for Baytex Energy Corp [BTE]. The present Moving Average for the last 50 days of trading for this stock 3.19, while it was recorded at 3.29 for the last single week of trading, and 3.65 for the last 200 days.
Baytex Energy Corp [BTE]: Deeper insight into the fundamentals
Baytex Energy Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.79 and a Current Ratio set at 0.79.
Earnings analysis for Baytex Energy Corp [BTE]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BTE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Baytex Energy Corp go to 18.20%.
Insider trade positions for Baytex Energy Corp [BTE]
The top three institutional holders of BTE stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BTE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BTE stock with ownership which is approximately 5.8325%.
