Baytex Energy (TSE:BTE) (NYSE:BTE) had its price objective reduced by TD Securities from C$21.00 to C$20.00 in a research report sent to investors on Wednesday, March 14th. TD Securities currently has a buy rating on the stock.
Other analysts have also issued research reports about the stock. BMO Capital Markets reissued a market perform rating and issued a C$4.00 price target on shares of Baytex Energy in a research report on Wednesday, March 7th. GMP Securities raised shares of Baytex Energy from a hold rating to a buy rating in a research note on Friday, March 9th. Eight Capital set a C$5.30 price objective on shares of Baytex Energy and gave the company a neutral rating in a research note on Thursday, January 11th. AltaCorp Capital raised shares of Baytex Energy from a sector perform rating to an outperform rating in a research note on Monday, January 15th. Finally, Barclays upped their price objective on shares of Baytex Energy from C$2.50 to C$4.00 in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of C$6.06.
Shares of Baytex Energy (TSE:BTE) opened at C$3.88 on Wednesday. The company has a market cap of $840.56, a price-to-earnings ratio of -194.00 and a beta of 2.90. Baytex Energy has a twelve month low of C$2.76 and a twelve month high of C$4.81.
Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its quarterly earnings data on Tuesday, March 6th. The company reported C($0.07) EPS for the quarter, topping the consensus estimate of C($0.14) by C$0.07. Baytex Energy had a negative net margin of 4.63% and a negative return on equity of 1.97%. The business had revenue of C$302.19 million for the quarter.
In other Baytex Energy news, Director Mark Bly bought 15,000 shares of Baytex Energy stock in a transaction dated Friday, January 26th. The shares were purchased at an average cost of C$3.40 per share, with a total value of C$51,000.00. Also, Director John Albert Brussa bought 40,000 shares of Baytex Energy stock in a transaction dated Tuesday, January 23rd. The stock was acquired at an average cost of C$4.28 per share, for a total transaction of C$171,200.00. Insiders sold a total of 44,636 shares of company stock valued at $173,820 over the last 90 days.
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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