Baytex Energy Corp Stock Today
| BTE Stock | CAD 5.23 0.03 0.58% |
Performance10 of 100
| Odds Of DistressLess than 18
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Baytex Energy is selling at 5.23 as of the 25th of April 2024; that is 0.58 percent increase since the beginning of the trading day. The stock's open price was 5.2. Baytex Energy has less than a 18 % chance of experiencing some financial distress in the next two years of operation and had a ok performance during the last 90 days. Equity ratings for Baytex Energy Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Energy |
Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadian Sedimentary Basin and in the Texas, the United States. Baytex Energy Corp. was founded in 1993 and is headquartered in Calgary, Canada. The company has 821.95 M outstanding shares of which 14.45 M shares are currently shorted by private and institutional investors with about 2.97 days to cover all short positions. More on Baytex Energy Corp
Moving together with Baytex Stock
| 0.82 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.74 | ENB-PFU | Enbridge Pref L | PairCorr |
Moving against Baytex Stock
| 0.71 | AAPL | Apple Inc CDR | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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Baytex Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Baytex Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Baytex Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO President | Eric Greager | ||||
| Business Concentration | Oil & Gas Exploration & Production, Oil & Gas E&P, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) | ||||
Baytex Energy's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Baytex Energy's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Baytex Energy's financial leverage. It provides some insight into what part of Baytex Energy's total assets is financed by creditors.
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Baytex Energy Corp (BTE) is traded on Toronto Exchange in Canada and employs 43 people. Baytex Energy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.27 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Baytex Energy's market, we take the total number of its shares issued and multiply it by Baytex Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Baytex Energy Corp operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 821.95 M outstanding shares of which 14.45 M shares are currently shorted by private and institutional investors with about 2.97 days to cover all short positions.
Baytex Energy Corp has accumulated about 45.16 M in cash with 1.3 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08.
Check Baytex Energy Probability Of Bankruptcy
Ownership AllocationBaytex Energy Corp retains a total of 821.95 Million outstanding shares. 30% of Baytex Energy Corp outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Baytex Ownership Details
Baytex Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Baytex Energy jumping above the current price in 90 days from now is about 6.38%. The Baytex Energy Corp probability density function shows the probability of Baytex Energy stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Baytex Energy has a beta of 0.706 suggesting as returns on the market go up, Baytex Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Baytex Energy Corp will be expected to be much smaller as well. Additionally, baytex Energy Corp has an alpha of 0.3552, implying that it can generate a 0.36 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Baytex Energy to move above the current price in 90 days from now is about 6.38 (This Baytex Energy Corp probability density function shows the probability of Baytex Stock to fall within a particular range of prices over 90 days) .
Baytex Energy Corp Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Baytex Energy market risk premium is the additional return an investor will receive from holding Baytex Energy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Baytex Energy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Baytex Energy's alpha and beta are two of the key measurements used to evaluate Baytex Energy's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.79 | |||
| Semi Deviation | 2.14 | |||
| Standard Deviation | 2.34 | |||
| Variance | 5.48 |
Baytex Stock Against Markets
Picking the right benchmark for Baytex Energy stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Baytex Energy stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Baytex Energy is critical whether you are bullish or bearish towards Baytex Energy Corp at a given time. Please also check how Baytex Energy's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Baytex Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Baytex Energy Corporate Directors
Baytex Energy corporate directors refer to members of a Baytex Energy board of directors. The board of directors generally takes responsibility for the Baytex Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Baytex Energy's board members must vote for the resolution. The Baytex Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Kevin Olson | Independent Director | Profile | |
| Don Hrap | Independent Director | Profile | |
| Dale Shwed | Independent Director | Profile | |
| John Brussa | Independent Director | Profile |
How to buy Baytex Stock?
Before investing in Baytex Energy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Baytex Energy. To buy Baytex Energy stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Baytex Energy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Baytex Energy stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Baytex Energy Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Baytex Energy Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Baytex Energy Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Baytex Stock please use our How to Invest in Baytex Energy guide.
Already Invested in Baytex Energy Corp?
The danger of trading Baytex Energy Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Baytex Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Baytex Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Baytex Energy Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Baytex Energy Corp is a strong investment it is important to analyze Baytex Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Baytex Energy's future performance. For an informed investment choice regarding Baytex Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baytex Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Baytex Energy Corp information on this page should be used as a complementary analysis to other Baytex Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Baytex Stock analysis
When running Baytex Energy's price analysis, check to measure Baytex Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Baytex Energy is operating at the current time. Most of Baytex Energy's value examination focuses on studying past and present price action to predict the probability of Baytex Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Baytex Energy's price. Additionally, you may evaluate how the addition of Baytex Energy to your portfolios can decrease your overall portfolio volatility.
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