Baytex Energy (OTCMKTS:BTEGF) Trading Up 6.6% - Time to Buy?

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Raymond James reissued a "market perform" rating on shares of Baytex Energy in a report on Wednesday, March 5th. National Bankshares reiterated an "outperform" rating on shares of Baytex Energy in a research report on Tuesday, May 6th.

Baytex Energy Stock Up 4.8%

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 $1.14 billion, a P/E ratio of 1.42 and a beta of 2.16. The stock has a 50-day moving average of $1.68 and a 200 day moving average of $2.15.

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.