Baytex Energy (OTCMKTS:BTEGF) Trading 2.4% Higher - Still a Buy?

Key Points

• Baytex Energy Corp.'s stock price increased by 2.4% to $2.14, with a significant trading volume of over 45 million shares, which is a 17,985% rise compared to the average session volume.
• The company, which operates in oil and gas exploration and production, has a market capitalization of $1.17 billion and a price-to-earnings ratio of 1.46.
• Analyst firm National Bankshares has reissued an "outperform" rating for Baytex Energy, suggesting potential growth for the company's stock.

Baytex Energy Corp. (OTCMKTS:BTEGF - Get Free Report)'s stock price was up 2.4% during trading on Friday . The stock traded as high as $2.15 and last traded at $2.14. Approximately 45,125,880 shares were traded during trading, an increase of 17,985% from the average daily volume of 249,520 shares. The stock had previously closed at $2.09.

Wall Street Analysts Forecast Growth

Separately, National Bankshares reiterated an "outperform" rating on shares of Baytex Energy in a research note on Tuesday, May 6th.

Baytex Energy Stock Up 4.8%

The business has a 50-day moving average price of $1.87 and a two-hundred day moving average price of $2.02. 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 $1.18 billion, a PE ratio of 1.48 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.