Media stories about Baytex Energy (NYSE:BTE) (TSE:BTE) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Baytex Energy earned a news impact score of 0.10 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 44.6714486149996 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Baytex Energy (NYSE:BTE) traded down $0.16 during trading on Monday, reaching $2.78. 1,418,800 shares of the company’s stock traded hands, compared to its average volume of 1,762,814. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.92. Baytex Energy has a 1 year low of $2.13 and a 1 year high of $5.20.
Several research firms recently issued reports on BTE. GMP Securities lowered shares of Baytex Energy from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Zacks Investment Research raised shares of Baytex Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Canaccord Genuity reissued a “buy” rating and issued a $4.25 price target on shares of Baytex Energy in a research report on Thursday, November 2nd. Barclays lowered shares of Baytex Energy from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 30th. Finally, AltaCorp Capital lowered shares of Baytex Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 6th. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $4.25.
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Baytex Energy Corp. (Baytex) is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). The Company’s crude oil and natural gas operations are organized into four business units: Lloydminster, Peace River, Conventional and United States.
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