Baytex Energy (OTCMKTS:BTEGF) Shares Down 2% – Here’s Why

Baytex Energy Corp. (OTCMKTS:BTEGFGet Free Report) dropped 2% on Tuesday . The stock traded as low as $2.42 and last traded at $2.48. Approximately 37,435,972 shares traded hands during mid-day trading, an increase of 14,903% from the average daily volume of 249,520 shares. The stock had previously closed at $2.53.

Baytex Energy Price Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 0.81 and a quick ratio of 0.81. The company has a 50-day simple moving average of $2.63 and a two-hundred day simple moving average of $3.03. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 1.69 and a beta of 2.16.

Baytex Energy Company Profile

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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.

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