Baytex Energy (OTCMKTS:BTEGF) Trading 0.5% Higher - Here's What Happened

Key Points

• Baytex Energy Corp. shares rose by 0.5%, trading between $2.25 and $2.19 with a significant volume increase of 8,256% compared to its average session.
• The company has a current market capitalization of $1.19 billion and operates primarily in oil and gas exploration in the Western Canadian Sedimentary Basin and the Eagle Ford in the U.S.
• Baytex Energy's stock shows a PE ratio of 1.49 and a beta of 2.16, indicating its volatility compared to the market.

Baytex Energy Corp. (OTCMKTS:BTEGF - Get Free Report)'s share price was up 0.5% during trading on Tuesday . The company traded as high as $2.25 and last traded at $2.19. Approximately 20,849,374 shares changed hands during mid-day trading, an increase of 8,256% from the average daily volume of 249,520 shares. The stock had previously closed at $2.18.

Baytex Energy Stock Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 1.62 and a beta of 2.16. The business has a 50 day simple moving average of $2.08 and a 200 day simple moving average of $1.93.

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.