Baytex Energy (OTCMKTS:BTEGF) Shares Up 4.9% – Still a Buy?

Baytex Energy Corp. (OTCMKTS:BTEGF) shares rose 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 traded hands during trading, an increase of 17,100% from the average daily volume of 249,520 shares. The stock had previously closed at $2.03.

Analyst Ratings Changes

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

Baytex Energy Trading Up 5.6 %

The business’s 50-day moving average price is $2.43 and its 200 day moving average price is $2.76. The firm has a market capitalization of $1.17 billion, a price-to-earnings 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.

Baytex Energy Company Profile

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.