Baytex Energy (OTCMKTS:BTEGF) Trading Down 0.8% – What’s Next?

Shares of Baytex Energy Corp. (OTCMKTS:BTEGF) fell 0.8% on Thursday . The company traded as low as $3.54 and last traded at $3.56. 16,901,080 shares traded hands during mid-day trading, an increase of 6,673% from the average session volume of 249,520 shares. The stock had previously closed at $3.59.

Analysts Set New Price Targets

BTEGF has been the topic of several analyst reports. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Baytex Energy in a research note on Monday, November 17th. TD Securities reiterated a “buy” rating on shares of Baytex Energy in a research report on Tuesday, December 23rd. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Baytex Energy currently has an average rating of “Hold”.

Baytex Energy Stock Up 2.4%

The company has a debt-to-equity ratio of 0.40, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 2.36 and a beta of 2.16. The firm has a 50-day moving average price of $3.28 and a two-hundred day moving average price of $2.73.

Baytex Energy Company Profile

Baytex Energy is a Canadian energy company engaged in the exploration, development and production of oil and natural gas resources. Headquartered in Calgary, Alberta, the company focuses primarily on developing heavy oil assets in Canada, complemented by light oil and condensate-rich natural gas production in the United States. Baytex operates key oil sands and conventional heavy oil projects in Western Canada’s Peace River and Lloydminster regions, as well as Eagle Ford Shale assets in Texas.

Since its incorporation in 1993, Baytex has expanded its portfolio through strategic acquisitions and organic growth initiatives.