A share price of Baytex Energy Corp [BTE] is currently trading at $3.07, up 5.14%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BTE shares have gain 7.72% over the last week, with a monthly amount drifted -7.25%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On November 03, 2023, upgrade upgraded it’s rating to Outperform. BMO Capital Markets upgraded its rating to a Outperform. Canaccord Genuity initiated its recommendation with a Buy. Stifel upgraded its rating to Buy for this stock on July 14, 2023. In a note dated April 11, 2023, RBC Capital Mkts upgraded an Outperform rating on this stock.
Baytex Energy Corp experienced fluctuations in its stock price throughout the past year between $2.78 and $4.65. Baytex Energy Corp [NYSE: BTE] shares were valued at $3.07 at the most recent close of the market.
Analyzing the BTE fundamentals
Trailing Twelve Months sales for Baytex Energy Corp [NYSE:BTE] were 2.47B which represents -9.35% decline. 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 2.99 points at the first support level, and at 2.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.13, and for the 2nd resistance point, it is at 3.18.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Baytex Energy Corp [NYSE:BTE] is 0.69. Also, the Quick Ratio is 0.69, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 0.82.
