Baytex Energy (TSE:BTE) Stock Price Crosses Above 200-Day Moving Average of $6.68

Baytex Energy Corp. (TSE:BTEGet Rating) (NYSE:BTE)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$6.68 and traded as high as C$6.87. Baytex Energy shares last traded at C$6.85, with a volume of 4,238,960 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Baytex Energy from C$8.75 to C$9.00 in a research report on Monday, November 7th. CIBC dropped their price target on Baytex Energy from C$10.00 to C$8.50 in a research report on Monday, August 22nd. Royal Bank of Canada upped their price target on Baytex Energy from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research report on Monday, November 7th. National Bankshares lowered Baytex Energy from an “outperform” rating to a “sector perform” rating and set a C$9.00 price target on the stock. in a research report on Friday, November 4th. Finally, BMO Capital Markets upped their price target on Baytex Energy from C$8.50 to C$9.00 in a research report on Friday, November 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Baytex Energy currently has a consensus rating of “Hold” and a consensus target price of C$8.48.

Baytex Energy Stock Performance

The company has a market cap of C$3.75 billion and a P/E ratio of 4.79. The firm has a 50 day moving average price of C$6.78 and a 200-day moving average price of C$6.68. The company has a debt-to-equity ratio of 40.18, a quick ratio of 0.77 and a current ratio of 0.81.

Insider Activity at Baytex Energy

In other Baytex Energy news, Director Trudy Marie Curran sold 81,900 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of C$7.54, for a total value of C$617,526.00. Following the completion of the transaction, the director now owns 166,052 shares of the company’s stock, valued at approximately C$1,252,032.08.

About Baytex Energy

(Get Rating)

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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