Shares of Baytex Energy Corp. (OTCMKTS:BTEGF – Get Free Report) dropped 3.4% during mid-day trading on Wednesday . The stock traded as low as $4.2125 and last traded at $4.23. 17,154,166 shares traded hands 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 company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50 day moving average of $4.31 and a two-hundred day moving average of $4.20. The stock has a market cap of $2.31 billion, a PE ratio of 2.88 and a beta of 2.16.
Baytex Energy Company Profile
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.
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