#Penny stock pro picks reviews free#

A single investor with a large holding could easily influence the price of the stock and this exposes it to potential cases of price manipulation.Д«aytex has an average daily trading volume of 1.73 million for the last three months, which roughly equates to about $0.9 million worth of daily transactions or 0.3% of the company's market value. However, since it still trades at a very low price, this means that it does not take several investors to turn the direction of the price.

#Penny stock pro picks reviews free#

The company president and CEO Ed LaFehr said in a statement that the company has 're-set our business in response to a volatile crude oil market brought on by Covid-19 and are poised to deliver free cash flow and stable production in a US$40 to US$45 WTI environment.'Д«aytex is worth nearly $300 million as per its current market cap. It has also taken measures to reduce the potential effects of oil price fluctuations next year by hedging 48% of its net crude oil exposure with fixed swaps at $45 per barrel. Baytex recently released CapEx guidance for 2021, stating that it expects a 30% improvement in capital efficiency compared to the 2020 budget. The company's guidance is based on a conservative WTI price of about $35 per barrel, which will also be boosted by improved operational efficiencies. The company has projected free cash flows of $75 million for the year 2021, which based on the total shares outstanding of 561 million equates to about 0.13 free cash flows per share.ДЄt the current price of about $0.52 per share, this prices the stock a forward price-free cash flows of about 4.69x. The company is currently forecasting an average of about 80,000 barrels per day for the full-year results. It also cut down on the expected operational expenses by 7% to a range of about $11.20 to $11.40 per barrel, per day.

The companyвЂ™s trailing 12-month period is yet to turn a positive bottom line, but based on the estimated forward 12-month P/E ratio of 7.09, this suggests that Baytex is on course to return to profitability within the next 12 months.Д«aytex has cut down on CapEx and now expects a full-year capital spend of about $260 million to $290 million down from the previous guidance of $500 million to $575 million. This resulted in $60 million or $0.11 per basic share worth of free cash flows at the end of the 3rd quarter, a significant improvement based on the 9-month generated net free cash flows of $16 million or $0.03 per share. In fiscal 2nd-quarter, Baytex realized an operating netback of $5.96 per barrel. The companyвЂ™s operational efficiencies appear to be improving despite the volatility of oil prices. Approximately 82% of this is oil while the rest is natural gas liquids вЂNGLвЂ™. Its net loss per share of $0.04 compared to EPS of $0.03 in Q3 2019 highlights the adverse effects of low oil prices.Д«aytexвЂ™s current production levels stand at about 77,814 barrels per day based on the fiscal 3rd-quarter results and 82,907 barrels per day for the 9-month period. The equivalent for the 9-month period was $0.41. The Calgary, Alberta-based oil and gas company reported results for fiscal Q3 at the start of the month with adjusted funds flow per basic share coming in at $0.14. Below is a clear demonstration of why it could be one of the top penny stocks to watch going into the tail-end of the year.Д«ased on the companyвЂ™s most recent quarterly results, Baytex is on course to turn profitable again within the next 12 months. It has since suffered the wrath of the coronavirus pandemic amid falling oil prices.ДЄt the current price, Baytex falls in the category of penny stocks, but it is clearly not your ordinary penny stock. This crude oil producer traded at $1.51 per share at the beginning of the year. Baytex EnergyД«aytex Energy Corp ( OTCPK:BTEGF) which now trades at about $0.61 per share has a market cap of about $292 million. In fact, some of them have fallen to these levels after their stock prices plummeted over the last 12 months. However, not all stocks that trade under $1.00 exhibit these features. Ideally, investors analyze them based on what they could offer in the future in terms of royalties from projects, or sales from a product under development. These stocks also tend to be developments stage companies, which means they invest a lot in research and development with little to no revenue to show for. Another aspect of penny stocks is that they tend to have a market valuation of less than $50 million, which places them in the micro-cap and nano-cap categories. These stocks are also thinly-traded, which means that they average very low trading volumes. But that bracket has expanded over time to include stocks that trade anywhere below $5.00 per share. A penny stock is generally defined as a company that trades at less than $1.00 per share.