Baytex Energy (OTCMKTS:BTEGF) Shares Up 1.9% – Should You Buy?

Baytex Energy Corp. (OTCMKTS:BTEGF) shares were up 1.9% on Friday . The stock traded as high as $4.19 and last traded at $4.19. Approximately 19,795,722 shares traded hands during mid-day trading, an increase of 7,834% from the average daily volume of 249,520 shares. The stock had previously closed at $4.11.

Analysts Set New Price Targets

Separately, TD Securities reissued a “buy” rating on shares of Baytex Energy in a report on Tuesday, December 23rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Baytex Energy Price Performance

The stock has a fifty day moving average of $3.71 and a two-hundred day moving average of $3.11. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 2.85 and a beta of 2.16.

About Baytex Energy

Baytex Energy is a Canadian energy company engaged in the exploration, development and production of oil and natural gas resources. Headquartered in Calgary, Alberta, the company focuses primarily on developing heavy oil assets in Canada, complemented by light oil and condensate-rich natural gas production in the United States. Baytex operates key oil sands and conventional heavy oil projects in Western Canada’s Peace River and Lloydminster regions, as well as Eagle Ford Shale assets in Texas.

Since its incorporation in 1993, Baytex has expanded its portfolio through strategic acquisitions and organic growth initiatives.