With over 9.22 million Baytex Energy Corp (BTE) shares trading Monday and a closing price of $3.22 on the day, the dollar volume was approximately $29.68 million. The shares have shown a negative half year performance of -6.12% and its price on 01/08/24 lost nearly -3.30%. Currently, there are 845.40M common shares owned by the public and among those 735.01M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for BTE have a consensus price objective of $7.27. The analysts have set the share’s price value over the next 12 months at a high of $8.25 and a low of $6.00. The average price target is 40.59% above its recent price level and an upside to the estimated low will see the stock gain 46.33% over that period. But an upside of 60.97% will see the stock hit the forecast high price target while median target price for the stock is $7.00.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The top 3 mutual fund holders in Baytex Energy Corp are Ninepoint Energy Fund, Vanguard Total International Stoc, and Vanguard Developed Markets Index. Ninepoint Energy Fund owns 40.0 million shares of the company’s stock, all valued at over $154.0 million. The company bought an additional 10.0 million shares recently to bring their total holdings to about 4.73% of the shares outstanding. Vanguard Total International Stoc bought 59252.0 shares to see its total holdings expand to 9.3 million shares valued at over $35.79 million and representing 1.10% of the shares outstanding. Vanguard Developed Markets Index bought 83620.0 shares to bring its total holdings to over 5.53 million shares at a value of $21.3 million. Vanguard Developed Markets Index now owns shares totaling to 0.65% of the shares outstanding.
Shares of Baytex Energy Corp (NYSE: BTE) opened at $3.25, down -$0.08 from a prior closing price of $3.33. However, the script later moved the day high at 3.2600, down -3.30%. The company’s stock has a 5-day price change of -3.01% and -18.48% over the past three months. BTE shares are trading -3.01% year to date (YTD), with the 12-month market performance down to -21.56% lower. It has a 12-month low price of $2.89 and touched a high of $4.66 over the same period. BTE has an average intraday trading volume of 8.73 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 -2.56%, -13.22%, and -14.17% respectively.
Institutional ownership of Baytex Energy Corp (NYSE: BTE) shares accounts for 26.60% of the company’s 845.40M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $2.72B and a beta (3y monthly) value of 1.90. The stock’s trailing 12-month PE ratio is 3.49, while the earnings-per-share (ttm) stands at $0.92. The company has a PEG of 0.19 and a Quick Ratio of 0.77 with the debt-to-equity ratio at 0.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.62% over the week and 3.54% over the month.
Analysts forecast that Baytex Energy Corp (BTE) will achieve an EPS of $BTC for the current quarter, $98.97 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $British American Tobacco Indus while analysts give the company a high EPS estimate of $Bloom Energy Corporation. Comparatively, EPS for the current quarter was $B2Gold Corp a year ago. Earnings per share for the fiscal year are expected to decrease by -50.29%, and 11.91% over the next financial year. EPS should shrink at an annualized rate of 18.20% over the next five years, compared to 32.72% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate Baytex Energy Corp (BTE) as a “Strong Buy” at a consensus score of 1.55. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 3 of the 11 advise that investors “hold,” and 0 rated it as a “Sell.”
