Baytex Energy Corp (TSE:BTE) Receives C$3.83 Consensus PT from Brokerages

Baytex Energy Corp (TSE:BTE) (NYSE:BTE) has earned a consensus recommendation of “Buy” from the ten brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$3.83.

A number of research firms have commented on BTE. Royal Bank of Canada decreased their price target on Baytex Energy from C$3.50 to C$3.00 in a report on Thursday, July 18th. CSFB restated an “outperform” rating and issued a C$3.50 target price on shares of Baytex Energy in a research note on Tuesday, July 16th. National Bank Financial decreased their target price on shares of Baytex Energy from C$4.25 to C$3.25 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. GMP Securities decreased their target price on shares of Baytex Energy from C$5.00 to C$4.00 in a research note on Friday, June 28th. Finally, CIBC decreased their target price on shares of Baytex Energy from C$4.25 to C$4.00 in a research note on Thursday, July 18th.

TSE:BTE traded up C$0.10 on Tuesday, reaching C$1.87. 3,718,738 shares of the company’s stock traded hands, compared to its average volume of 4,056,156. The company has a debt-to-equity ratio of 64.01, a quick ratio of 0.67 and a current ratio of 0.84. The stock’s 50-day moving average is C$1.91. The stock has a market capitalization of $987.48 million and a price-to-earnings ratio of -8.20. Baytex Energy has a 12 month low of C$1.74 and a 12 month high of C$4.50.

About Baytex Energy

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 Eagle Ford in the United States. The company offers light oil, natural gas liquids, shale and natural gas, heavy gravity crude oil, bitumen, and heavy oil.

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Analyst Recommendations for Baytex Energy (TSE:BTE)

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