Baytex Energy (OTCMKTS:BTEGF) Shares Up 1.6% – Still a Buy?

Baytex Energy Corp. (OTCMKTS:BTEGF) traded up 1.6% on Monday . The company traded as high as $3.32 and last traded at $3.25. 17,644,564 shares changed hands during mid-day trading, an increase of 6,971% from the average session volume of 249,520 shares. The stock had previously closed at $3.20.

Analysts Set New Price Targets

Several research firms have recently commented on BTEGF. Scotiabank reissued a “sector perform” rating on shares of Baytex Energy in a research note on Thursday, October 9th. CIBC reaffirmed a “neutral” rating on shares of Baytex Energy in a report on Monday, November 17th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Baytex Energy currently has an average rating of “Hold”.

Baytex Energy Stock Up 1.6%

The firm’s 50 day moving average price is $2.66 and its 200-day moving average price is $2.26. 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 company has a market cap of $1.77 billion, a P/E ratio of 2.21 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.