Baytex Energy (OTCMKTS:BTEGF) Trading 4.9% Higher – Still a Buy?

Baytex Energy Corp. (OTCMKTS:BTEGF) was up 4.9% during trading on Thursday . The company traded as high as $2.15 and last traded at $2.13. Approximately 42,916,938 shares were traded during trading, an increase of 17,100% from the average daily volume of 249,520 shares. The stock had previously closed at $2.03.

Wall Street Analysts Forecast Growth

Separately, Raymond James reissued a “market perform” rating on shares of Baytex Energy in a research report on Wednesday, March 5th.

Baytex Energy Stock Performance

The company has a fifty day moving average of $2.43 and a two-hundred day moving average of $2.76. The stock has a market capitalization of $1.17 billion, a P/E ratio of 1.46 and a beta of 2.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.81 and a quick ratio of 0.81.

About Baytex Energy

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.