Baytex Energy (OTCMKTS:BTEGF) Stock Price Down 1.8% – Should You Sell?

Baytex Energy Corp. (OTCMKTS:BTEGF)’s stock price dropped 1.8% on Tuesday . The stock traded as low as $1.63 and last traded at $1.67. Approximately 16,943,325 shares changed hands during trading, an increase of 6,690% from the average daily volume of 249,520 shares. The stock had previously closed at $1.70.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. National Bankshares reaffirmed an “outperform” rating on shares of Baytex Energy in a report on Tuesday, May 6th. Raymond James reaffirmed a “market perform” rating on shares of Baytex Energy in a report on Wednesday, March 5th.

Baytex Energy Price Performance

The firm’s fifty day moving average price is $1.82 and its 200 day moving average price is $2.31. The firm has a market capitalization of $910.03 million, a PE ratio of 1.14 and a beta of 2.16. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

Baytex Energy Company Profile

Baytex Energy Corp. operates as an oil & gas exploration and production company. It engages in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company was founded in 1993 and is headquartered in Calgary, Canada.