The stock of Baytex Energy Corp (NYSE:BTE) last traded at $3.93, up 4.24% from the previous session.
Data from the available sources indicates that Baytex Energy Corp (NYSE:BTE) is covered by 12 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.77 and a low of $4.94, we find $5.85. Given the previous closing price of $3.77, this indicates a potential upside of 55.17 percent. BTE stock price is now -6.61% away from the 50-day moving average and 2.30% away from the 200-day moving average. The market capitalization of the company currently stands at $3.39B.
In total, 3 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $5.79 as their price target over the next twelve months.
A total of 12.86% of the company’s stock is owned by insiders.
With an opening price of $3.8500 on Friday morning, Baytex Energy Corp (NYSE: BTE) set off the trading day. During the past 12 months, Baytex Energy Corp has had a low of $2.89 and a high of $5.26. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 0.77, and a quick ratio of 0.77. According to the stock market information, the enterprise value for the company is $5.24B, which is based on a 4.26 price-to-earnings ratio, a 0.23 price-to-earnings-growth ratio, and a beta of 1.83. The fifty day moving average price for BTE is $4.2028 and a two-hundred day moving average price translates $3.8393 for the stock.
The latest earnings results from Baytex Energy Corp (NYSE: BTE) was released for Sep, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.11, missing analysts’ expectations of $0.17 by -0.06. This compares to $0.36 EPS in the same period last year. The net profit margin was 30.95% and return on equity was 20.14% for BTE. The company reported revenue of $687.88 million for the quarter, compared to $432.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 58.88 percent. For the current quarter, analysts expect BTE to generate $873.08M 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.