Baytex Energy (TSE:BTE) Share Price Passes Above 200 Day Moving Average of $0.00

Baytex Energy Corp (TSE:BTE) (NYSE:BTE) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $1.83. Baytex Energy shares last traded at $1.74, with a volume of 2,684,783 shares traded.

BTE has been the topic of several recent research reports. GMP Securities lowered their price objective on shares of Baytex Energy from C$5.00 to C$4.00 in a research note on Friday, June 28th. Royal Bank of Canada lowered their price objective on shares of Baytex Energy from C$3.50 to C$3.00 in a research note on Thursday, July 18th. Raymond James reaffirmed an “outperform” rating and issued a C$3.00 price objective on shares of Baytex Energy in a research note on Friday, August 2nd. National Bank Financial lowered their price objective on shares of Baytex Energy from C$4.25 to C$3.25 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Finally, Laurentian lowered their price objective on shares of Baytex Energy from C$5.00 to C$4.50 in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$3.83.

The company has a 50 day moving average of C$1.91. The firm has a market capitalization of $967.96 million and a P/E ratio of -7.50. The company has a current ratio of 0.84, a quick ratio of 0.67 and a debt-to-equity ratio of 64.01.

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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