Baytex Energy (OTCMKTS:BTEGF) Shares Up 1.9% – What’s Next?

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

Wall Street Analysts Forecast Growth

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

Baytex Energy Stock Performance

The company has a market capitalization of $2.28 billion, a P/E ratio of 2.85 and a beta of 2.16. The firm has a 50 day moving average price of $3.71 and a two-hundred day moving average price of $3.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 0.81.

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.