Baytex Energy (OTCMKTS:BTEGF) Shares Up 2.2% – Should You Buy?

Baytex Energy Corp. (OTCMKTS:BTEGF) was up 2.2% during mid-day trading on Thursday . The company traded as high as $1.90 and last traded at $1.87. Approximately 23,878,235 shares changed hands during mid-day trading, an increase of 9,470% from the average daily volume of 249,520 shares. The stock had previously closed at $1.83.

Analyst Upgrades and Downgrades

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

Baytex Energy Trading Up 2.2%

The business’s fifty day moving average price is $1.76 and its 200 day moving average price is $2.09. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 1.27 and a beta of 2.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.81 and a quick ratio of 0.81.

About Baytex Energy

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.