Eight Capital Reiterates C$5.30 Price Target for Baytex Energy (BTE)

Eight Capital set a C$5.30 price target on Baytex Energy (TSE:BTE) (NYSE:BTE) in a research report report published on Thursday, January 11th. The firm currently has a neutral rating on the stock.

BTE has been the subject of a number of other research reports. AltaCorp Capital downgraded Baytex Energy from an outperform rating to a sector perform rating in a research note on Friday, October 6th. Barclays downgraded Baytex Energy from an equal weight rating to an underweight rating and cut their price target for the company from C$3.50 to C$2.50 in a research note on Monday, October 30th. National Bank Financial lifted their price target on Baytex Energy from C$3.75 to C$4.25 and gave the company a sector perform rating in a research note on Friday, November 3rd. Royal Bank of Canada lifted their price target on Baytex Energy from C$4.00 to C$4.50 and gave the company a sector perform rating in a research note on Friday, November 3rd. Finally, Raymond James Financial lifted their price target on Baytex Energy from C$3.50 to C$4.00 and gave the company an underperform rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of C$4.94.

Shares of Baytex Energy (TSE BTE) opened at C$4.07 on Thursday. The company has a market capitalization of $958.28, a PE ratio of -2.53 and a beta of 3.04. Baytex Energy has a 12 month low of C$2.76 and a 12 month high of C$5.97.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its earnings results on Thursday, November 2nd. The company reported C($0.04) EPS for the quarter, beating 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, insider Brian Gordon Ector sold 16,000 shares of Baytex Energy stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of C$4.12, for a total transaction of C$65,920.00. Also, Director Mark Bly bought 15,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were purchased at an average cost of C$2.96 per share, for a total transaction of C$44,400.00.

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About Baytex Energy

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.

Analyst Recommendations for Baytex Energy (TSE:BTE)

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