National Bankshares Trims Baytex Energy Target Price to C7.50 - MarketBeat
| BTE Stock | USD 1.65 0.01 0.61% |
About 55% of Baytex Energy's investor base is interested to short. The current sentiment of investing in Baytex Energy Corp suggests that many traders are impartial. The current market sentiment, together with Baytex Energy's historical and current headlines, can help investors time the market. In addition, many technical investors use Baytex Energy Corp stock news signals to limit their universe of possible portfolio assets.
National Bankshares Trims Baytex Energy Target Price to C7.50 MarketBeat
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Baytex Energy Fundamental Analysis
We analyze Baytex Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Baytex Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Baytex Energy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Return On Asset
Return On Asset Comparative Analysis
Baytex Energy is currently under evaluation in return on asset category among its peers. Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Baytex Energy Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Baytex Energy stock to make a market-neutral strategy. Peer analysis of Baytex Energy could also be used in its relative valuation, which is a method of valuing Baytex Energy by comparing valuation metrics with similar companies.
Peers
Baytex Energy Related Equities
| OBE | Obsidian Energy | 3.77 | ||||
| MGY | Magnolia Oil | 2.08 | ||||
| VTLE | Vital Energy | 1.64 | ||||
| GPRK | GeoPark | 1.34 | ||||
| OVV | Ovintiv | 0.53 | ||||
| COP | ConocoPhillips | 0.42 | ||||
| CNQ | Canadian Natural | 0.32 | ||||
| VET | Vermilion Energy | 0.78 |
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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