Several other equities research analysts have also recently issued reports on BTE. AltaCorp Capital raised Baytex Energy from a sector perform rating to an outperform rating in a report on Monday. Eight Capital set a C$5.30 target price on Baytex Energy and gave the stock a neutral rating in a report on Thursday, January 11th. BMO Capital Markets lifted their target price on Baytex Energy from C$3.50 to C$4.00 in a report on Friday, November 3rd. National Bank Financial boosted their price objective on Baytex Energy from C$4.25 to C$5.00 and gave the stock a sector perform rating in a research note on Tuesday, January 9th. Finally, GMP Securities raised Baytex Energy from a hold rating to a buy rating and boosted their price objective for the stock from C$4.00 to C$5.00 in a research note on Monday, November 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Baytex Energy has a consensus rating of Hold and an average price target of C$4.94.
Shares of Baytex Energy (BTE) traded down C$0.07 during mid-day trading on Wednesday, hitting C$4.09. The stock had a trading volume of 3,406,923 shares, compared to its average volume of 3,182,413. Baytex Energy has a 1 year low of C$2.76 and a 1 year high of C$5.97. The company has a market capitalization of $962.99, a PE ratio of -2.54 and a beta of 3.04.
Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its earnings results on Thursday, November 2nd. The company reported C($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.23) by C$0.19. Baytex Energy had a negative return on equity of 1.97% and a negative net margin of 4.63%.
In other Baytex Energy news, Director Mark Bly bought 15,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was acquired at an average price of C$2.96 per share, for a total transaction of C$44,400.00. Also, insider Murray Joseph Desrosiers sold 13,500 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of C$3.78, for a total value of C$51,030.00.
Baytex Energy Company Profile
Baytex Energy Corp. (Baytex) is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). The Company’s crude oil and natural gas operations are organized into four business units: Lloydminster, Peace River, Conventional and United States.
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