At the time of writing, Baytex Energy Corp [BTE] stock is trading at $3.51, up 5.41%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BTE shares have gain 11.78% over the last week, with a monthly amount drifted -5.65%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, National Bank Financial upgraded its rating to Outperform on November 03, 2023. On September 29, 2023, upgrade upgraded it’s rating to Outperform. Canaccord Genuity started tracking the stock assigning a Buy rating. Stifel upgraded its rating to a Buy. RBC Capital Mkts upgraded its rating to Outperform for this stock on April 11, 2023. In a note dated March 02, 2023, Raymond James downgraded an Mkt Perform rating on this stock.
For the past year, the stock price of Baytex Energy Corp fluctuated between $2.92 and $4.65. Baytex Energy Corp [NYSE: BTE] shares were valued at $3.51 at the most recent close of the market.
Analyzing the BTE fundamentals
According to Baytex Energy Corp [NYSE:BTE], the company’s sales were 2.53B for trailing twelve months, which represents an 78.52% jump. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.1 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.62.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.40 points at the first support level, and at 3.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.59, and for the 2nd resistance point, it is at 3.66.
Ratios To Look Out For
It is important to note that Baytex Energy Corp [NYSE:BTE] has a current ratio of 0.72. In addition, the Quick Ratio stands at 0.72 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 0.98.
