Baytex Energy Corp (TSE:BTE) (NYSE:BTE) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.15 and traded as high as $1.73. Baytex Energy shares last traded at $1.67, with a volume of 1,745,861 shares changing hands.
BTE has been the subject of several research reports. Laurentian reduced their price objective on Baytex Energy from C$5.00 to C$4.50 in a research note on Wednesday, July 24th. GMP Securities reduced their price objective on Baytex Energy from C$5.00 to C$4.00 in a research note on Friday, June 28th. CIBC reduced their price objective on Baytex Energy from C$4.25 to C$4.00 in a research note on Thursday, July 18th. Royal Bank of Canada reduced their price objective on Baytex Energy from C$3.50 to C$3.00 in a research note on Thursday, July 18th. Finally, CSFB reissued an “outperform” rating and set a C$3.50 price objective on shares of Baytex Energy in a research note on Tuesday, July 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$3.83.
The firm has a market capitalization of $965.17 million and a P/E ratio of -7.63. The company has a debt-to-equity ratio of 64.01, a quick ratio of 0.67 and a current ratio of 0.84. The firm has a 50 day moving average price of C$1.88 and a two-hundred day moving average price of C$2.14.
In other news, Director Kevin Olson sold 400,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$2.20, for a total transaction of C$880,000.00. Following the completion of the sale, the director now directly owns 561,228 shares of the company’s stock, valued at approximately C$1,234,701.60.
About Baytex Energy (TSE:BTE)
Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company offers light oil, natural gas liquids, shale and natural gas, heavy gravity crude oil, bitumen, and heavy oil.
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