Baytex Energy Corp. (OTCMKTS:BTEGF) Short Interest Down 6.0% in December

Baytex Energy Corp. (OTCMKTS:BTEGFGet Rating) saw a large drop in short interest in December. As of December 30th, there was short interest totalling 5,790,200 shares, a drop of 6.0% from the December 15th total of 6,159,300 shares. Based on an average daily volume of 708,000 shares, the short-interest ratio is currently 8.2 days.

Baytex Energy Price Performance

OTCMKTS BTEGF opened at $4.52 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $4.60 and a 200 day simple moving average of $4.83. The company has a market cap of $2.46 billion, a P/E ratio of 3.07 and a beta of 2.16. Baytex Energy has a 1 year low of $3.08 and a 1 year high of $7.24.

Baytex Energy (OTCMKTS:BTEGFGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.11. The business had revenue of $545.89 million during the quarter. Baytex Energy had a net margin of 38.28% and a return on equity of 40.85%. On average, sell-side analysts predict that Baytex Energy will post 0.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets raised their price target on Baytex Energy from C$8.50 to C$9.00 in a research note on Friday, November 4th. Royal Bank of Canada raised their price target on Baytex Energy from C$8.50 to C$9.00 in a research note on Monday, November 7th. CIBC cut their price target on Baytex Energy from C$8.50 to C$8.00 in a research note on Tuesday, January 17th. Scotiabank cut their price target on Baytex Energy from C$9.00 to C$8.00 in a research note on Tuesday, January 17th. Finally, National Bank Financial cut their price target on Baytex Energy from C$9.00 to C$7.75 in a research note on Wednesday, January 11th.

About Baytex Energy

(Get Rating)

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 Texas, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. Its principal oil and natural gas properties comprise the Eagle Ford property in Texas, Viking and Lloydminster properties in Alberta and Saskatchewan, Peace River and Duvernay properties in Alberta.

Further Reading

Receive News & Ratings for Baytex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baytex Energy and related companies with MarketBeat.com's FREE daily email newsletter.