Baytex Energy (TSE:BTE) Hits New 12-Month Low at $1.63

Baytex Energy Corp (TSE:BTE) (NYSE:BTE)’s share price reached a new 52-week low on Thursday . The company traded as low as C$1.63 and last traded at C$1.66, with a volume of 1206981 shares trading hands. The stock had previously closed at C$1.71.

A number of research analysts recently weighed in on BTE shares. National Bank Financial decreased their target price on shares of Baytex Energy from C$4.25 to C$3.25 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. CIBC cut their price target on shares of Baytex Energy from C$4.25 to C$4.00 in a research note on Thursday, July 18th. CSFB reiterated an “outperform” rating and issued a C$3.50 price target on shares of Baytex Energy in a research note on Tuesday, July 16th. GMP Securities cut their price target on shares of Baytex Energy from C$5.00 to C$4.00 in a research note on Friday, June 28th. Finally, Royal Bank of Canada cut their price target on shares of Baytex Energy from C$3.50 to C$3.00 in a research note on Thursday, July 18th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$3.83.

The stock has a market cap of $937.27 million and a price-to-earnings ratio of -7.37. The company has a quick ratio of 0.67, a current ratio of 0.84 and a debt-to-equity ratio of 64.01. The business’s 50 day simple moving average is C$1.89 and its 200 day simple moving average is C$2.25.

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.

Further Reading: Return on Equity (ROE)

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