Baytex Energy (TSE:BTE) Stock Price Crosses Below 200 Day Moving Average of $5.64

Baytex Energy Corp. (TSE:BTE – Get Rating) (NYSE:BTE) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.64 and traded as low as C$4.45. Baytex Energy shares last traded at C$4.50, with a volume of 3,342,533 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. National Bank Financial increased their price target on Baytex Energy from C$7.75 to C$8.50 in a research note on Wednesday, March 1st. TD Securities upgraded Baytex Energy from a “hold” rating to a “buy” rating and set a C$7.00 price target for the company in a research note on Thursday, March 2nd. Stifel Nicolaus dropped their price target on Baytex Energy from C$7.00 to C$6.25 in a research note on Monday, May 8th. Atb Cap Markets reiterated an “outperform” rating on shares of Baytex Energy in a research note on Thursday, April 27th. Finally, Scotiabank dropped their price target on Baytex Energy from C$8.00 to C$6.50 in a research note on Thursday, April 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$7.53.

Baytex Energy Stock Performance

The firm has a market capitalization of C$2.45 billion, a P/E ratio of 2.90, a price-to-earnings-growth ratio of 0.12 and a beta of 2.87. The company has a current ratio of 0.90, a quick ratio of 0.77 and a debt-to-equity ratio of 31.23. The company has a 50-day moving average of C$4.90 and a 200-day moving average of C$5.64.

Baytex Energy (TSE:BTE – Get Rating) (NYSE:BTE) last issued its quarterly earnings results on Thursday, February 23rd. The company reported C$0.26 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.09. Baytex Energy had a return on equity of 31.92% and a net margin of 38.01%. The firm had revenue of C$648.99 million during the quarter. On average, equities analysts anticipate that Baytex Energy Corp. will post 0.8462929 earnings per share for the current fiscal year.

Insider Activity at Baytex Energy

In other news, Senior Officer Kendall Douglas Arthur bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The stock was acquired at an average cost of C$5.50 per share, with a total value of C$55,023.00. 1.17% of the stock is currently owned by corporate insiders.

Baytex Energy Company Profile

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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 Texas, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. Its principal oil and natural gas properties comprise the Eagle Ford property in Texas, Viking and Lloydminster properties in Alberta and Saskatchewan, Peace River and Duvernay properties in Alberta.