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Monday, December 4, 2023

Baytex Energy Corp (NYSE: BTE): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Baytex Energy Corp (BTE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.16, or 3.67%, to $4.52. The Baytex Energy Corp has recorded 67,237 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Baytex Conference Call and Webcast on Third Quarter 2023 Results to Be Held on November 3, 2023.

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Stocks Info

BTE belongs to the Energy sector of the NYSE while operating in the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $4.36 and fluctuated between $4.4700 as its day high and $4.3100 as its day low. The current market capitalization of Baytex Energy Corp is $3.76B. A total of 8.01 million shares were traded on the day, compared to an average of 7.37M shares.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Baytex Energy Corp pays an annual dividend of $0.03, resulting in a dividend yield of 0.57%, and it has a price to earnings (P/E) ratio of 3.71. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for BTE in the last 3 months, the mean price target is $5.64 with high estimates of $6.21 and low estimates of $4.92. 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 $0.15 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.18 per share and a lower estimate of $0.12. 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $4.03, while its Total Shareholder’s Equity was $2.21B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 4.10.

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