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Tuesday, September 26, 2023

This Is Too Hot For Baytex Energy Corp. (NYSE: BTE), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Baytex Energy Corp. (BTE) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $4.33. The Baytex Energy Corp. has recorded 878,801 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Baytex to Present at EnerCom Denver.

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Stocks Info

As a NYSE listed company, BTE falls under the Energy sector while operating within the Oil & Gas E&P industry segment. At the end of the last regular session, the stock closed at $4.33 and fluctuated between $4.4100 as its day high and $4.3025 as its day low. The current market capitalization of Baytex Energy Corp. is $5.09B. A total of 6.36 million shares were traded on the day, compared to an average of 6.39M shares.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Baytex Energy Corp. pays an annual dividend of $0.09, resulting in a dividend yield of 2.08%, and it has a price to earnings (P/E) ratio of 2.76. BTE’s most recent ex-dividend date was 9/14/2023 when it declared a $0.0170 quarterly dividend that was paid in cash on 10/2/2023. Previously, the company paid the dividend on 9/15/2015 with an ex-dividend date of 8/19/2015. The BTE stock dividend was $0.0759 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for BTE in the last 3 months, the mean price target is $5.31 with high estimates of $6.42 and low estimates of $4.05. In terms of 52-week highs and lows, BTE has a high of $6.02 and a low of $2.89.

As of this writing, BTE has an earnings estimate of $0.14 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.15 per share and a lower estimate of $0.13. The company reported an EPS of $0.07 in the last quarter, which was -30.00% lower than expectations of $0.1.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. BTE’s latest balance sheet shows that the firm has $0.00 in Cash & Short Term Investments as of fiscal 2020. There were $1.39B in debt and $338.73M in liabilities at the time. Its Book Value Per Share was $7.89, while its Total Shareholder’s Equity was $2.21B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BTE is Buy with a score of 3.90.

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