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Baytex Energy's stock soared 22.1%, though analysts maintain a cautious "Hold" rating.
Baytex Energy's stock surged 22.1% on Wednesday, closing at C$2.54 with trading volume up 195% to 14 million shares.
Despite the rise, several research firms maintain a "Hold" rating on the company, with a consensus target price of C$5.41.
Baytex Energy is focused on oil and natural gas production in Canada and the U.S., but faces financial challenges including a high debt-to-equity ratio and negative P/E ratio.
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El stock de Baytex Energy se disparó un 22,1%, aunque los analistas mantienen una clasificación cautelosa de "Sostener".