The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 11.83%.However, over the last six months, we can see a stronger performance of -13.86%. Over the last 30 days, the price of BTE has fallen by 16.39%. And in the last five days, it has surged by 6.69%.
Baytex Energy Corp experienced a rather shaky stock market performance. The highest value in the past year was recorded at $4.65 on 11/03/23 and the lowest value was $2.89 on 06/23/23.
52-week price history of BTE Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Baytex Energy Corp’s current trading price is -20.16% away from its 52-week high, while its distance from the 52-week low is 28.47%. The stock’s price range during this period has varied between$2.89 and $4.65. The Baytex Energy Corp’s shares, which operate in the Energy, saw a trading volume of around 7.87 million for the day, a figure considerably lower than their average daily volume of 8.76 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Baytex Energy Corp (BTE) has experienced a quarterly rise of 12.51% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.05B and boasts a workforce of 367 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.39, with a change in price of -0.71. Similarly, Baytex Energy Corp recorded 8,807,978 in trading volume during the last 100 days, posting a change of -16.03%.
BTE’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for BTE stands at 0.64. Similarly, the long-term debt-to-equity ratio is also 0.63.
BTE Stock Stochastic Average
Baytex Energy Corp’s raw stochastic average for the past 50 days is presently 98.77%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 98.51%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 97.24% and 89.62%, respectively.
