Published: Thu, March 15, 2018
Business | By Tara Barton

Baytex Energy Corp (BTE) Given Consensus Rating of "Hold" by Brokerages


Shares are clocking price at $2.83 with change of -2.41%.

A total of 2.26 Billion shares exchanged at hands and its average trading volume is standing at 1.97 Million shares.

The stock decreased 1.37% or $0.05 during the last trading session, reaching $3.6. The stock gained 12.3 percent over the past month and fell -5.67 percent year-to-date.

Baytex Energy (NYSE:BTE) (TSE:BTE) last posted its earnings results on Tuesday, March 6th. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. The beta factor is 3.34.

Baytex Energy Corp. has been given an analysts' mean target of 3.94.

Currently, the 14-day ADX for Baytex Energy Corp (BTE) is sitting at 19.24. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. For the current year the company's revenue estimates are $774.12 Million compared to low analyst estimates of $651.77 Million and high estimates of $832.75 Million according to the prediction of 4 analysts. TD Securities' target price suggests a potential upside of 452.49% from the stock's previous close. A dropping P/E is an indication that the company is out of favor with investors.

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COPYRIGHT VIOLATION WARNING: "Aperio Group LLC Has $273,000 Stake in Baytex Energy Corp (BTE)" was originally reported by Week Herald and is owned by of Week Herald. They expect $0.54 earnings per share, up 80.00% or $0.24 from last year's $0.3 per share. If we consider a median price to earnings ratio on the stock, that corresponds with a stock price of 9,999. In other words, the price earnings ratio shows what the market is willing to pay for a stock based on its current earnings. Perhaps most importantly where cash movements are concerned, the company saw about 77.91 million in net operating cash flow. The company's distance from 52-week high price is -9.88% and while the current price is 28.09% from 52-week low price. This could prove to be a poor investment. More volatility means greater profit or loss.

Keep in mind you can't always rely on price-to-earnings ratios as the be-all-end-all yardstick in determining whether a company's stock is expensive.

The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc.) made by the brokerage firms for the given stock. If you are tempted to buy a stock because the p/e ratio appears attractive, do your research and discover the reasons.

Return on Investment measures the amount of return on an investment relative to the investment's cost. Actually, firms emphasize that ratings are not advice and that investment decisions should not be made exclusively on an analyst rating. The higher the ROE, the better the company is at generating profits.

ROA ratio indicates how profitable a company is relative to its total assets. The ROA is 1.90%. The Higher end of the revenue forecast is $246.15 Million, while the Lower end of the forecast is $246.15 Million.

Baytex Energy Corp. (Baytex) is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). EPS is considered to be the only most crucial variable in determining a share's price. A longer-term moving average may be used to identify the primary price trend, a shorter moving average period to identify the secondary, price trend, and an even shorter moving average period to identify the minor price trend. The stock had previously closed at $2.70, but opened at $2.84. The shares were sold at an average price of C$3.66, for a total transaction of C$43,920.00. This falling movement shows negative prices direction over last 50 days. Moving averages can be very useful for identifying peaks and troughs. Signals can also be generated by looking for divergences, failure swings, and centerline crossovers. Based on a recent bid, its distance from 20 days simple moving average is 3.73%, and its distance from 50 days simple moving average is 5.21% while it has a distance of 4.97% from the 200 days simple moving average.

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