Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
Baytex Energy is a stock many investors are watching right now. BTEGF is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Investors should also recognize that BTEGF has a P/B ratio of 1.34. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.64. Over the past 12 months, BTEGF's P/B has been as high as 2.28 and as low as 0.99, with a median of 1.41.
Finally, we should also recognize that BTEGF has a P/CF ratio of 2.27. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 3.90. Over the past year, BTEGF's P/CF has been as high as 2.97 and as low as 1.07, with a median of 1.71.
Value investors will likely look at more than just these metrics, but the above data helps show that Baytex Energy is likely undervalued currently. And when considering the strength of its earnings outlook, BTEGF sticks out at as one of the market's strongest value stocks.
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Is Baytex Energy (BTEGF) Stock Undervalued Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
Baytex Energy is a stock many investors are watching right now. BTEGF is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Investors should also recognize that BTEGF has a P/B ratio of 1.34. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.64. Over the past 12 months, BTEGF's P/B has been as high as 2.28 and as low as 0.99, with a median of 1.41.
Finally, we should also recognize that BTEGF has a P/CF ratio of 2.27. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 3.90. Over the past year, BTEGF's P/CF has been as high as 2.97 and as low as 1.07, with a median of 1.71.
Value investors will likely look at more than just these metrics, but the above data helps show that Baytex Energy is likely undervalued currently. And when considering the strength of its earnings outlook, BTEGF sticks out at as one of the market's strongest value stocks.