Shares of Baytex Energy Corp (NYSE:BTE) (TSE:BTE) gapped up before the market opened on Thursday . The stock had previously closed at $1.11, but opened at $1.09. Baytex Energy shares last traded at $1.09, with a volume of 9,200 shares.
Several equities analysts recently issued reports on the company. Raymond James reaffirmed a “hold” rating and set a $2.00 price objective on shares of Baytex Energy in a report on Monday, November 4th. ValuEngine cut Baytex Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Credit Suisse Group reduced their price objective on Baytex Energy from $3.50 to $3.00 and set an “outperform” rating for the company in a report on Friday, December 6th. Royal Bank of Canada dropped their price target on Baytex Energy from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Friday, October 18th. Finally, Zacks Investment Research downgraded Baytex Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $2.16.
The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a 50-day simple moving average of $1.28 and a two-hundred day simple moving average of $1.30. The company has a market cap of $608.55 million, a PE ratio of 4.95 and a beta of 2.73.
About Baytex Energy (NYSE: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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