Do Baytex Energy Corp. (NYSE: BTE) Fit In A Value Investing Philosophy?


    With over 1.05 million Baytex Energy Corp. (BTE) shares trading Monday and a closing price of $0.50 on the day, the dollar volume was approximately $0.52 million. The shares have shown a negative weekly performance of -14.18% and its price on 08/24/20 gained nearly 2.91%. Currently, there are 560.51M common shares owned by the public and among those 546.74M shares have been available to trade.

    The analysts have set the share’s price value over the next 12 months at a high of $0.95 and a low of $0.44 should the stock experience a downside. Incidentally, analysts’ outlook for the Baytex Energy Corp. stock is 2.70 for the next 12 months. But an upside of 47.37% will see the stock hit the forecast high price target while mean target price for the stock is $0.57.

    The top 3 mutual fund holders in Baytex Energy Corp. are DFA International Small Cap Value, Vanguard Total International Stoc, and Government Pension Fund – Global. DFA International Small Cap Value owns 12.13 million shares of the company’s stock, all valued at over $5.73 million. The company sold -4.03 million shares recently to bring their total holdings to about 2.17% of the shares outstanding. Government Pension Fund – Global sold -0.68 million shares to bring its total holdings to over 7.12 million shares at a value of $3.36 million. Government Pension Fund – Global now owns shares totaling to 1.27% of the shares outstanding.

    Shares of Baytex Energy Corp. (NYSE: BTE) opened at $0.4982, up $0.01 from a prior closing price of $0.49. However, the script later closed the day at $0.50, up 2.91%. The company’s stock has a 5-day price change of -14.18% and 58.80% over the past three months. BTE shares are trading -65.39% year to date (YTD), with the 12-month market performance down to -59.20% lower. It has a 12-month low price of $0.19 and touched a high of $1.78 over the same period. Currently, 1.05 million shares have been traded, compared to an average intraday trading volume of 3.18 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.76%, -1.20%, and -31.11% respectively.

    Institutional ownership of Baytex Energy Corp. (NYSE: BTE) shares accounts for 49.70% of the company’s 560.51M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

    It has a market capitalization of $296.55M and a beta (3y monthly) value of 3.13. The earnings-per-share (ttm) stands at -$3.71. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.75% over the week and 6.94% over the month.

    Analysts forecast that Baytex Energy Corp. (BTE) will achieve an EPS of -$0.11 for the current quarter, -$0.12 for the next quarter and -$0.33 for 2018. The lowest estimate earnings-per-share for the quarter is -$0.14 while analysts give the company a high EPS estimate of -$0.07. Comparatively, EPS for the current quarter was -$1.31 a year ago. Earnings per share for the fiscal year are expected to increase by 97.60%, and -230.00% over the next financial year. EPS should shrink at an annualized rate of 18.20% over the next five years, compared to 52.10% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate Baytex Energy Corp. (BTE) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 9 of the 13 advise that investors “hold,” and 3 rated it as a “Sell.”

    Looking at the support for the BTE, a number of firms have released research notes about the stock. Scotiabank stated their Sector Underperform rating for the stock in a research note on April 07, 2020, with the firm’s price target at. Credit Suisse coverage for the Baytex Energy Corp. (BTE) stock in a research note released on March 25, 2020 offered a Neutral rating with a price target of. Raymond James was of a view on October 25, 2019 that the stock is Mkt Perform, while Credit Suisse gave the stock Outperform rating on July 16, 2019, issuing a price target of. Macquarie on their part issued Outperform rating on March 07, 2019.


    Please enter your comment!
    Please enter your name here