Technical Analysis of Baytex Energy Corp. (NYSE:BTE)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Baytex Energy Corp. (NYSE:BTE) for the period of 9-Day stands at 69.79% while the stochastic %D for the same period stands at 79.92%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Baytex Energy Corp. (NYSE:BTE) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Baytex Energy Corp. (NYSE:BTE) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Baytex Energy Corp. (NYSE:BTE)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Baytex Energy Trust is a conventional oil and gas income trust focused on maintaining its production and asset base through internal property development and delivering consistent returns to its unitholders.

Previous Day Activity Analysis

On the last trading day, Baytex Energy Corp. (NYSE:BTE) opened the session at $3.27 and after going down -6.97% closed at $3.07. The stock lost -0.2 points in the last trade.

Baytex Energy Corp. (NYSE:BTE)’s stock fluctuated in the range of $3.05 and $3.29 during the previous active session. Baytex Energy Corp. (NYSE:BTE) traded with the volume of 2.22 Million with average volume of 1.42 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 3.34 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.16 and 56.74 respectively.

Currently the Insider Ownership of the shares of Baytex Energy Corp. (NYSE:BTE) is at 1.2% and the shares outstanding are 237.02 Million.

Important Ratio Analysis

Some important ratios to consider here for Baytex Energy Corp. (NYSE:BTE) are discussed below:

Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 0.

The Price to Sale P/S and Price to Book P/B shows the value of 1.16 and 0.5 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 1819.13 and 3.45 correspondingly.

The Quick Ratio of Baytex Energy Corp. (NYSE:BTE) stands at 0.7 while the Current Ratio depicts the value of 0.7.

Return on Assets ROA of Baytex Energy Corp. (NYSE:BTE) is at -7.6% whereas, Return on Equity ROE and Return of Investment ROI of Baytex Energy Corp. (NYSE:BTE) stand at -18% and -11% respectively.

Stock Performance Analysis

The stock performance of Baytex Energy Corp. (NYSE:BTE) on the basis of 5 day trade show the dip of -7.81% whereas, the monthly performance of the stock shows increase of 13.28%.

The quarterly performance of the stock remained in green zone with the value of 23.29% while six month performance of the shares of Baytex Energy Corp. (NYSE:BTE) remained bearish with the count of -4.95%.

The yearly and YTD performance of Baytex Energy Corp. (NYSE:BTE) remained down at -19.84% and -37.09% respectively.