Uncovering Institutional Buying In Baytex Energy Corp (NYSE: BTE)

Currently, there are 821.68M common shares owned by the public and among those 712.60M shares have been available to trade.

The company’s stock has a 5-day price change of -3.71% and 21.00% over the past three months. BTE shares are trading 9.34% year to date (YTD), with the 12-month market performance down to -6.92% 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 9.74 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 -2.63%, 5.18%, and -1.78% respectively.

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Institutional ownership of Baytex Energy Corp (NYSE: BTE) shares accounts for 24.53% of the company’s 821.68M shares outstanding.

It has a market capitalization of $2.98B and a beta (3y monthly) value of 1.85. The earnings-per-share (ttm) stands at -$0.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.54% over the week and 3.76% 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 $BYTE while analysts give the company a high EPS estimate of $Bloom Energy Corporation. Comparatively, EPS for the current quarter was $British American Tobacco Indus a year ago. Earnings per share for the fiscal year are expected to increase by 325.82%, and -17.24% over the next financial year. EPS should shrink at an annualized rate of 18.20% over the next five years, compared to 19.24% over the past 5-year period.

Stifel on their part issued Buy rating on July 14, 2023.

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