Baytex Energy (OTCMKTS:BTEGF) Stock Price Up 3.6% – Here’s Why

Baytex Energy Corp. (OTCMKTS:BTEGF)’s share price traded up 3.6% on Friday . The company traded as high as $3.25 and last traded at $3.14. 39,483,810 shares traded hands during trading, an increase of 15,724% from the average session volume of 249,520 shares. The stock had previously closed at $3.03.

Wall Street Analysts Forecast Growth

Separately, Scotiabank restated a “sector perform” rating on shares of Baytex Energy in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Baytex Energy Trading Up 3.6%

The business’s 50 day simple moving average is $2.42 and its 200 day simple moving average is $2.08. 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 capitalization of $1.71 billion, a price-to-earnings ratio of 2.14 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.