Stocks of Baytex Energy Corp. (NYSE:BTE) traded higher last session on Wall Street, down -4.36% to $3.29.
According to the data, Baytex Energy Corp. (NYSE:BTE) has 10 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $7.63 and a low of $4.09, we find $5.20. Given the previous closing price of $3.44, this indicates a potential upside of 51.16 percent. BTE stock price is now -8.76% away from the 50-day moving average and -25.57% away from the 200-day moving average. The market capitalization of the company currently stands at $2.41B.
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A total of 6 analysts have issued a hold rating and 4 have given it a buy rating. Brokers who have rated the stock have averaged $5.49 as their price target over the next twelve months.
A total of 1.17% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BTE stock. A new stake in Baytex Energy Corp. shares was purchased by NINEPOINT PARTNERS LP during the first quarter worth $125,020,000. VANGUARD GROUP INC invested $62,985,000 in shares of BTE during the first quarter. In the first quarter, FMR LLC acquired a new stake in Baytex Energy Corp. valued at approximately $13,090,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in BTE for approximately $13,024,000. SIR CAPITAL MANAGEMENT, L.P. purchased a new stake in BTE valued at around $11,638,000 in the second quarter. In total, there are 89 active investors with 17.27% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $3.4000 for Baytex Energy Corp. (NYSE: BTE). During the past 12 months, Baytex Energy Corp. has had a low of $3.03 and a high of $7.24. As of last week, the company has a debt-to-equity ratio of 0.31, a current ratio of 0.90, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $2.61B, which is based on a 2.16 price-to-earnings ratio, a 0.12 price-to-earnings-growth ratio, and a beta of 2.91. The fifty day moving average price for BTE is $3.6078 and a two-hundred day moving average price translates $4.4141 for the stock.
The latest earnings results from Baytex Energy Corp. (NYSE: BTE) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.07, missing analysts’ expectations of $0.1 by -0.03. This compares to $0.08 EPS in the same period last year. The net profit margin was 38.00% and return on equity was 30.20% for BTE. The company reported revenue of $341.57 million for the quarter, compared to $435.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -21.51 percent. For the current quarter, analysts expect BTE to generate $417.55M in revenue.
Baytex Energy Corp.(BTE) Company Profile
Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. It holds interest in the Eagle Ford property in Texas; Viking and Lloydminster properties in Alberta and Saskatchewan; and Peace River and Duvernay properties in Alberta. Baytex Energy Corp. was founded in 1993 and is headquartered in Calgary, Canada.
