Baytex Energy Corp [BTE] stock prices are up 0.64% to $3.16 at the moment. 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 4.98% over the last week, with a monthly amount drifted -3.66%, 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.
The stock price of Baytex Energy Corp [BTE] has been fluctuating between $2.85 and $4.65 over the past year. Baytex Energy Corp [NYSE: BTE] shares were valued at $3.16 at the most recent close of the market.
Analyzing the BTE fundamentals
The Baytex Energy Corp [NYSE:BTE] reported sales of 2.53B for trailing twelve months, representing a surge of 78.52%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.62.
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 3.10 points at the first support level, and at 3.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.22, and for the 2nd resistance point, it is at 3.28.
Ratios To Look Out For
It’s worth pointing out that Baytex Energy Corp [NYSE:BTE]’s Current Ratio is 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 1.01, the price to book ratio is 0.88.
