Handle With Care: Baytex Energy Corp (NYSE: BTE)

Currently, there are 845.40M common shares owned by the public and among those 735.94M shares have been available to trade.

However, the script later moved the day high at 3.3300, down -1.20%. The company’s stock has a 5-day price change of 2.18% and -13.00% over the past three months. BTE shares are trading -1.20% year to date (YTD), with the 12-month market performance down to -24.94% lower. It has a 12-month low price of $2.89 and touched a high of $4.65 over the same period. BTE has an average intraday trading volume of 8.28 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 4.66%, 2.58%, and -10.27% respectively.

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Institutional ownership of Baytex Energy Corp (NYSE: BTE) shares accounts for 23.82% of the company’s 845.40M shares outstanding.

It has a market capitalization of $2.77B and a beta (3y monthly) value of 1.90. The stock’s trailing 12-month PE ratio is 3.56, while the earnings-per-share (ttm) stands at $0.92. The company has a PEG of 0.20 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 3.91% over the week and 3.49% over the month.

Analysts forecast that Baytex Energy Corp (BTE) will achieve an EPS of $0.12 for the current quarter, $0.11 for the next quarter and $0.67 for 2024. The lowest estimate earnings-per-share for the quarter is $0.1 while analysts give the company a high EPS estimate of $0.13. Comparatively, EPS for the current quarter was $0.47 a year ago. Earnings per share for the fiscal year are expected to decrease by -52.41%, and 14.74% 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.

RBC Capital Mkts on their part issued Outperform rating on April 11, 2023.

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