Baytex Energy (OTCMKTS:BTEGF) Trading 6.6% Higher - Here's Why

Baytex Energy Corp. (OTCMKTS:BTEGF - Get Free Report)'s stock price was up 6.6% during trading on Wednesday . The stock traded as high as $2.00 and last traded at $1.95. Approximately 116,983,589 shares were traded during mid-day trading, an increase of 46,783% from the average daily volume of 249,520 shares. The stock had previously closed at $1.83.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BTEGF shares. Raymond James reaffirmed a "market perform" rating on shares of Baytex Energy in a research note on Wednesday, March 5th. National Bankshares reiterated an "outperform" rating on shares of Baytex Energy in a report on Tuesday, May 6th.

Baytex Energy Stock Up 4.6%

The business has a 50-day moving average price of $1.66 and a two-hundred day moving average price of $2.17. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.11 billion, a PE ratio of 1.39 and a beta of 2.16.

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.