Baytex Energy (OTCMKTS:BTEGF) Stock Price Up 3.6% – Still a Buy?

Baytex Energy Corp. (OTCMKTS:BTEGF)’s stock price traded up 3.6% during trading on Friday . The stock traded as high as $3.25 and last traded at $3.14. 39,483,810 shares changed hands during trading, an increase of 15,724% from the average session volume of 249,520 shares. The stock had previously closed at $3.03.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reissued a “sector perform” rating on shares of Baytex Energy in a report on Thursday, October 9th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

Baytex Energy Trading Up 3.6%

The firm has a market capitalization of $1.71 billion, a PE ratio of 2.14 and a beta of 2.16. The business has a fifty day moving average price of $2.42 and a two-hundred day moving average price of $2.08. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

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.