Baytex Energy (OTCMKTS:BTEGF) Stock Price Down 3.4% – Here’s Why

by · The Markets Daily

Baytex Energy Corp. (OTCMKTS:BTEGF – Get Free Report) shares dropped 3.4% on Wednesday . The stock traded as low as $4.2125 and last traded at $4.23. Approximately 17,154,166 shares were traded during trading, an increase of 6,775% from the average daily volume of 249,520 shares. The stock had previously closed at $4.38.

Baytex Energy Trading Down 3.4%

The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 2.88 and a beta of 2.16. The company has a fifty day moving average price of $4.31 and a 200-day moving average price of $4.20. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

About Baytex Energy

(Get Free Report)

Baytex Energy is a Canadian energy company engaged in the exploration, development and production of oil and natural gas resources. Headquartered in Calgary, Alberta, the company focuses primarily on developing heavy oil assets in Canada, complemented by light oil and condensate-rich natural gas production in the United States. Baytex operates key oil sands and conventional heavy oil projects in Western Canada’s Peace River and Lloydminster regions, as well as Eagle Ford Shale assets in Texas.

Since its incorporation in 1993, Baytex has expanded its portfolio through strategic acquisitions and organic growth initiatives.

See Also