Baytex Energy (OTCMKTS:BTEGF) Trading 2.7% Higher - Should You Buy?

Key Points

• Baytex Energy Corp. shares increased by 2.7%, trading as high as $2.29, during mid-day trades with a significant surge in volume.
• Scotiabank has reissued a "sector perform" rating, with the current consensus rating for Baytex Energy being a "Hold."
• The company has a market capitalization of $1.24 billion and features a low debt-to-equity ratio of 0.40.

Shares of Baytex Energy Corp. (OTCMKTS:BTEGF - Get Free Report) were up 2.7% during trading on Thursday . The stock traded as high as $2.29 and last traded at $2.27. Approximately 22,576,196 shares were traded during mid-day trading, an increase of 8,948% from the average daily volume of 249,520 shares. The stock had previously closed at $2.21.

Analyst Ratings Changes

Separately, Scotiabank reissued a "sector perform" rating on shares of Baytex Energy in a research report on Thursday, October 9th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Baytex Energy presently has a consensus rating of "Hold".

Baytex Energy Stock Up 2.7%

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 firm has a market cap of $1.24 billion, a price-to-earnings ratio of 1.54 and a beta of 2.16. The firm's fifty day moving average is $2.30 and its two-hundred day moving average is $1.99.

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.

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