Baytex Energy (TSE:BTE) Stock Crosses Below Two Hundred Day Moving Average of $6.40

Baytex Energy Corp. (TSE:BTEGet Rating) (NYSE:BTE) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.40 and traded as low as C$6.26. Baytex Energy shares last traded at C$6.46, with a volume of 4,512,071 shares changing hands.

Analyst Ratings Changes

Several analysts have recently issued reports on BTE shares. Stifel Nicolaus increased their price target on shares of Baytex Energy from C$8.25 to C$9.00 in a research report on Monday, July 4th. Scotiabank increased their target price on shares of Baytex Energy from C$6.75 to C$9.00 in a report on Wednesday, June 8th. Raymond James boosted their price target on shares of Baytex Energy from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a research note on Tuesday, July 5th. National Bankshares reduced their price objective on Baytex Energy from C$10.50 to C$10.00 and set an “outperform” rating on the stock in a research note on Monday, July 18th. Finally, CIBC lowered their target price on Baytex Energy from C$10.00 to C$8.50 in a research note on Monday, August 22nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Baytex Energy has an average rating of “Moderate Buy” and an average price target of C$8.23.

Baytex Energy Stock Performance

The company has a market capitalization of C$3.62 billion and a price-to-earnings ratio of 4.65. The company has a debt-to-equity ratio of 46.97, a current ratio of 0.62 and a quick ratio of 0.59. The stock has a 50 day simple moving average of C$6.38 and a two-hundred day simple moving average of C$6.40.

Baytex Energy (TSE:BTEGet Rating) (NYSE:BTE) last released its quarterly earnings data on Wednesday, July 27th. The company reported C$0.32 EPS for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.04. The business had revenue of C$854.17 million during the quarter. As a group, analysts anticipate that Baytex Energy Corp. will post 1.4745937 earnings per share for the current year.

Insider Buying and Selling at Baytex Energy

In related news, Director Mark Bly acquired 12,000 shares of Baytex Energy stock in a transaction dated Thursday, June 23rd. The stock was acquired at an average price of C$5.59 per share, for a total transaction of C$67,080.00. Following the transaction, the director now owns 421,544 shares of the company’s stock, valued at C$2,356,430.96. In other news, Director Mark Bly acquired 12,000 shares of the company’s stock in a transaction on Thursday, June 23rd. The shares were bought at an average price of C$5.59 per share, with a total value of C$67,080.00. Following the completion of the acquisition, the director now owns 421,544 shares in the company, valued at approximately C$2,356,430.96. Also, Senior Officer Rodney Gray bought 20,000 shares of the business’s stock in a transaction dated Thursday, June 23rd. The shares were purchased at an average price of C$5.69 per share, for a total transaction of C$113,700.00. Following the transaction, the insider now directly owns 934,024 shares of the company’s stock, valued at approximately C$5,309,926.44.

About Baytex Energy

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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.

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