Baytex Energy (TSE:BTE) Hits New 12-Month Low at $1.33

Baytex Energy Corp (TSE:BTE) (NYSE:BTE) reached a new 52-week low on Tuesday . The company traded as low as C$1.33 and last traded at C$1.38, with a volume of 1299229 shares trading hands. The stock had previously closed at C$1.39.

Several research analysts recently issued reports on BTE shares. Raymond James reissued a “market perform” rating and issued a C$2.00 price target on shares of Baytex Energy in a research report on Monday, November 4th. CIBC cut their price target on shares of Baytex Energy from C$4.00 to C$3.00 in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada decreased their price objective on Baytex Energy from C$3.00 to C$2.50 in a report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$3.58.

The company has a quick ratio of 0.79, a current ratio of 0.99 and a debt-to-equity ratio of 62.22. The business has a 50-day simple moving average of C$1.58 and a two-hundred day simple moving average of C$1.87. The stock has a market capitalization of $801.79 million and a P/E ratio of -6.03.

In other news, Director Kevin Olson sold 400,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$2.20, for a total value of C$880,000.00. Following the sale, the director now owns 561,228 shares in the company, valued at approximately C$1,234,701.60.

Baytex Energy Company Profile (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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