Baytex Energy Corp (BTE): Today's Featured Energy Loser

Baytex Energy ( BTE) pushed the Energy industry lower today making it today's featured Energy loser. The industry as a whole closed the day up 0.5%. By the end of trading, Baytex Energy fell $2.66 (-5.4%) to $46.85 on heavy volume. Throughout the day, 1.3 million shares of Baytex Energy exchanged hands as compared to its average daily volume of 222,600 shares. The stock ranged in price between $46.40-$49.37 after having opened the day at $49.35 as compared to the previous trading day's close of $49.51. Other company's within the Energy industry that declined today were: BPZ Resources ( BPZ), down 12.1%, Copano Energy ( CPNO), down 11.3%, ATP Oil & Gas ( ATPG), down 9.8%, and Tri-Valley Corporation ( TIV), down 8.1%.

Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas in the western Canadian Sedimentary Basin and the United States. It offers heavy oil, light oil, and natural gas liquids. Baytex Energy has a market cap of $5.85 billion and is part of the basic materials sector. The company has a P/E ratio of 27.7, above the average energy industry P/E ratio of 27.6 and above the S&P 500 P/E ratio of 17.7. Shares are down 11.4% year to date as of the close of trading on Wednesday. Currently there are eight analysts that rate Baytex Energy a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Baytex Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Recovery Energy ( RECV), up 13.3%, FieldPoint Petroleum Corporation ( FPP), up 11.5%, Natural Gas Services Group ( NGS), up 10.9%, and Compressco Partners ( GSJK), up 8.2%, were all gainers within the energy industry with Occidental Petroleum Corporation ( OXY) being today's featured energy industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).
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