Perhaps timely catching Baytex Energy Corp (BTE) would be a good idea

With 9.03 million shares changed hands, the volume of the stock remained lighter than its average volume of 11.44 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $3.03 whereas the lowest price it dropped to was $2.96. The 52-week range on BTE shows that it touched its highest point at $4.08 and its lowest point at $2.78 during that stretch. It currently has a 1-year price target of $4.27. With its current market cap of 3.31 billion, BTE has annualized dividend of $0.07 while the current yield stands at 2.21%. Beta for the stock currently stands at 1.76.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BTE was up-trending over the past week, with a rise of 4.17%, but this was up by 2.39% over a month. Three-month performance dropped to -13.54% while six-month performance fell -11.50%. The stock lost -24.05% in the past year, while it has lost -9.64% so far this year. A look at the trailing 12-month EPS for BTE yields -0.30 with Next year EPS estimates of 0.32. For the next quarter, that number is 0.13. This implies an EPS growth rate of 256.78% for this year and -17.04% for next year. EPS is expected to grow by 18.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.24%.

Float and Shares Shorts:

At present, 821.68 million BTE shares are outstanding with a float of 681.11 million shares on hand for trading. On 2024-10-31, short shares totaled 58.67 million, which was 744.99995 higher than short shares on 1727654400. In addition to Mr. Eric Thomas Greager as the firm’s President, CEO & Director, Mr. Chad L. Kalmakoff C.A. serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.40980998 of BTE’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, BTE reported revenue of $1074623000.0 and operating income of $212729000.0. The EBITDA in the recently reported quarter was $575153000.0 and diluted EPS was $0.23.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BTE since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

Analysts have provided yearly estimates in a range of $0.58959 being high and $0.42581 being low. For BTE, this leads to a yearly average estimate of $0.50771.