While Baytex Energy Corp has underperformed by -0.96%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BTE fell by -28.41%, with highs and lows ranging from $4.65 to $2.88, whereas the simple moving average fell by -9.39% in the last 200 days.
On April 09, 2024, BMO Capital Markets started tracking Baytex Energy Corp (NYSE: BTE) recommending Market Perform. A report published by National Bank Financial on November 03, 2023, Upgraded its rating to ‘Outperform’ for BTE. Stifel July 14, 2023d its ‘Hold’ rating to ‘Buy’ for BTE, as published in its report on July 14, 2023. Raymond James also rated the stock as ‘Mkt Perform’.
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Analysis of Baytex Energy Corp (BTE)
Investors in Baytex Energy Corp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.07 per share. Further, the quarter-over-quarter increase in sales is 78.52%, showing a positive trend in the upcoming months.
One of the most important indicators of Baytex Energy Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -9.39% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.72, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and BTE is recording 10.12M average volume. On a monthly basis, the volatility of the stock is set at 3.52%, whereas on a weekly basis, it is put at 3.19%, with a gain of 3.33% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.59, showing growth from the present price of $3.10, which can serve as yet another indication of whether BTE is worth investing in or should be passed over.
How Do You Analyze Baytex Energy Corp Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.45%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 26.35% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BTE shares are owned by institutional investors to the tune of 26.35% at present.
