Baytex Energy (TSE:BTE) PT Lowered to C$8.00

Baytex Energy (TSE:BTEGet Rating) (NYSE:BTE) had its price target reduced by CIBC from C$8.50 to C$8.00 in a research report released on Tuesday, BayStreet.CA reports.

A number of other analysts have also commented on BTE. Stifel Nicolaus decreased their price target on shares of Baytex Energy from C$8.25 to C$8.00 in a research note on Monday. BMO Capital Markets decreased their price target on shares of Baytex Energy from C$9.00 to C$8.00 in a research note on Tuesday, December 13th. TD Securities decreased their price target on shares of Baytex Energy from C$8.50 to C$7.50 and set a hold rating for the company in a research note on Thursday, December 8th. ATB Capital boosted their price target on shares of Baytex Energy from C$8.00 to C$9.00 and gave the company a sector perform rating in a research note on Tuesday, December 6th. Finally, Royal Bank of Canada boosted their price target on shares of Baytex Energy from C$8.50 to C$9.00 and gave the company a sector perform rating in a research note on Monday, November 7th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of C$8.41.

Baytex Energy Stock Performance

TSE:BTE opened at C$6.03 on Tuesday. The company has a fifty day moving average of C$6.28 and a 200-day moving average of C$6.44. The firm has a market capitalization of C$3.30 billion and a P/E ratio of 3.28. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 40.18. Baytex Energy has a twelve month low of C$3.94 and a twelve month high of C$9.16.

Baytex Energy (TSE:BTEGet Rating) (NYSE:BTE) last released its quarterly earnings data on Thursday, November 3rd. The company reported C$0.31 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.13. The company had revenue of C$712.07 million during the quarter. As a group, sell-side analysts anticipate that Baytex Energy will post 1.07 EPS for the current year.

Insider Transactions at Baytex Energy

In related news, Director Trudy Marie Curran sold 81,900 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of C$7.54, for a total value of C$617,526.00. Following the transaction, the director now directly owns 166,052 shares of the company’s stock, valued at approximately C$1,252,032.08.

Baytex Energy Company Profile

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Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadian Sedimentary Basin and in the Texas, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. Its principal oil and natural gas properties comprise the Eagle Ford property in Texas, Viking and Lloydminster properties in Alberta and Saskatchewan, Peace River and Duvernay properties in Alberta.

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Analyst Recommendations for Baytex Energy (TSE:BTE)

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