The shares of Baytex Energy Corp. (NYSE:BTE) has been pegged with a rating of Outperform by Macquarie in its latest research note that was published on March 7th, 2019. Macquarie wasnâ€™t the only research firm that published a report of Baytex Energy Corp., with other equities research analysts also giving their opinion on the stock. Macquarie advised investors in its research note published on January 18th, 2019, to Neutral the BTE stock. The stock had earned Outperform rating from Raymond James when it published its report on November 5th, 2018. The stock was given Outperform rating by National Bank Financial in its report released on July 23rd, 2018. TD Securities was of a view that BTE is Buy in its latest report on June 19th, 2018. RBC Capital Mkts thinks that BTE is worth Outperform rating. This was contained in the firmâ€™s report on June 19th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 2 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $3.94. The price of the stock the last time has raised by 58.55% from its Week high price while it is raised higher than its 52-Week low price. A look at the stockâ€™s other technical shows that its 14-day RSI now stands at 71.90.
The shares of the company added by 2.83% during the trading session on Friday, reaching a low of $2.15 while ending the day at $2.18. During the trading session, a total of 2.76 million shares were traded which represents a -52.28% decline from the average session volume which is 1.81M shares. BTE had ended its last session trading at 2.12. Baytex Energy Corp. currently has a market cap of $1.21B while its P/E earnings growth sits at 1.45, with a beta of 2.58. Baytex Energy Corp. debt-to-equity ratio currently stands at 0.69, while its quick ratio hovers at 0.70. BTE 52-week low price stands at $1.38 while its 52-week high price is $4.85.
The company in its last quarterly report recorded $0.10 earnings per share which is above the -$0.05 predicted by most analysts. The Baytex Energy Corp. generated $358.44 million in revenue during the last quarter, which is slightly higher than the $343.95 million predicted by analysts. In the second quarter last year, the firm recorded $0.07 earnings per share. Compared to the same quarter last year, the firmâ€™s revenue was up by 30%. Baytex Energy Corp. has the potential to record -0.64 EPS for the current fiscal year, according to equities analysts.
Investment analysts at UBS published a research note on April 2nd, 2019 where it informed investors and clients that AstraZeneca PLC (NYSE:AZN) is now rated as Sell. Macquarie also rated AZN as Downgrade on January 18th, 2019, with its price target of $47 suggesting that AZN could surge by 13.66% from its current share price. Even though the stock has been trading at $39.84/share, analysts expect it to surge higher by -0.80% to reach $45.77/share. It started the day trading at $40.02 and traded between $39.47 and $39.52 throughout the trading session.
A look at its technical shows that AZNâ€™s 50-day SMA is 40.74 while its 200-day SMA stands at 38.79. The stock has a high of $43.29 for the year while the low is $34.38. The companyâ€™s P/E ratio currently sits at 46.49, while the P/B ratio is 8.03. At the moment, only of AstraZeneca PLC shares were sold short. The companyâ€™s average trading volume currently stands at 5.68M shares, which means that the short-interest ratio is just 2.92 days. Over the past seven days, the company moved, with its shift of -2.90%. Looking further, the stock has raised 6.96% over the past 90 days while it gained 3.86% over the last six months.
The change in the stockâ€™s fortunes has led to several institutional investors altering their holdings of the stock. Wellington Management Co LLP sold more AZN shares, decreasing its portfolio by -1.80% during the last quarter. This move now sees Wellington Management Co LLP selling -1,155,636 shares in the last quarter, thus it now holds 63,046,485 shares of AZN, with a total valuation of $2,548,969,389. PRIMECAP Management Co meanwhile bought more AZN shares in the recently filed quarter, changing its stake to $2,270,060,648 worth of shares. Fidelity Management Research Co followed the path by increasing its AZN portfolio by +64.91% in the quarter. This means that Fidelity Management Research Co bought 21,514,913 shares in the last quarter and now controls 54,662,197 shares of the AZN stock, with the valuation hitting $2,209,992,625.
Similarly, Jennison Associates LLC increased its AstraZeneca PLC shares by +15.23% during the recently filed quarter. After buying 6,052,483 shares in the last quarter, the firm now controls 45,796,787 shares of AstraZeneca PLC which are valued at $1,851,564,098. In the same vein, Fisher Asset Management LLC increased its AstraZeneca PLC shares by during the most recent reported quarter. The firm bought 1,448,516 shares during the quarter which increased its stakes to 14,965,240 shares and is now valued at $605,044,653. Following these latest developments, around 0.50% of AstraZeneca PLC stocks are owned by institutional investors and hedge funds.