Is It Right Time to Be Cautious on Alcoa Corporation (AA), Baytex Energy Corp. (BTE)?

    The shares of Alcoa Corporation (NYSE:AA) has been pegged with a rating of Neutral by BofA/Merrill in its latest research note that was published on August 16th, 2019. The research company has also assigned a $20 price target. BofA/Merrill wasn’t the only research firm that published a report of Alcoa Corporation, with other equities research analysts also giving their opinion on the stock. Argus advised investors in its research note published on July 19th, 2019, to Hold the AA stock. The stock had earned Hold rating from Deutsche Bank when it published its report on July 11th, 2019. That day the Deutsche Bank set price target on the stock to $23. The stock was given Neutral rating by Macquarie in its report released on July 9th, 2019, the day when the price target on the stock was placed at $25. Gabelli & Co was of a view that AA is Buy in its latest report on April 22nd, 2019. BofA/Merrill thinks that AA is worth Neutral rating. This was contained in the firm’s report on April 3rd, 2019 in which the stock’s price target was also moved to $31.

    The consensus currently stands at a Hold while its average price target is $29.83. The price of the stock the last time has raised by 11.06% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 45.60.

    The shares of the company added by 3.80% during the trading session on Thursday, reaching a low of $17.96 while ending the day at $18.28. During the trading session, a total of 2.57 million shares were traded which represents a 24.49% incline from the average session volume which is 3.41M shares. AA had ended its last session trading at 17.61. Alcoa Corporation currently has a market cap of $3.40B while its P/E earnings growth sits at 0.28. Alcoa Corporation debt-to-equity ratio currently stands at 0.37, while its quick ratio hovers at 0.80. AA 52-week low price stands at $16.46 while its 52-week high price is $45.45.

    Investment analysts at Credit Suisse published a research note on July 16th, 2019 where it informed investors and clients that Baytex Energy Corp. (NYSE:BTE) is now rated as Outperform. Argus also rated BTE as Downgrade on July 19th, 2019, with its price target of $35 suggesting that BTE could surge by 67.51% from its current share price. Even though the stock has been trading at $1.26/share, analysts expect it to surge higher by 1.59% to reach $3.94/share. It started the day trading at $1.34 and traded between $1.28 and $1.28 throughout the trading session.

    A look at its technical shows that BTE’s 50-day SMA is 1.40 while its 200-day SMA stands at 1.69. At the moment, only of Baytex Energy Corp. shares were sold short. The company’s average trading volume currently stands at 1.67M shares, which means that the short-interest ratio is just 9.32 days. Over the past seven days, the company moved, with its shift of 10.34%. Looking further, the stock has dropped -14.67% over the past 90 days while it lost -26.01% over the last six months.