Extremely significant negative changes in Baytex Energy Corp (NYSE: BTE) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
Recent notable negative changes in fundamentals have affected Baytex Energy Corp (NYSE: BTE): the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
BTE’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Baytex Energy has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Baytex Energy has a neutral Power Rating of 56 but a very high Appreciation Score of 94, producing the Highest Value Trend Rating.
Recent Price Action
On 9/6/24, Baytex Energy Corp (NYSE: BTE) stock declined by -3.8%, closing at $3.07. Trading volume in this decline was normal. Relative to the market the stock has been strong over the last nine months but has declined -14.2% during the last week.
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