Baytex Energy (BTE) Price Target Raised to C$4.75

Baytex Energy (TSE:BTE) (NYSE:BTE) had its target price lifted by GMP Securities from C$4.50 to C$4.75 in a report issued on Thursday, March 21st, BayStreet.CA reports.

BTE has been the subject of several other reports. Raymond James decreased their price objective on shares of Baytex Energy from C$4.00 to C$3.75 and set an outperform rating for the company in a research report on Thursday, March 7th. CIBC cut their target price on shares of Baytex Energy from C$7.00 to C$5.75 in a research note on Thursday, November 22nd. Canaccord Genuity cut their target price on shares of Baytex Energy from C$7.00 to C$4.50 in a research note on Thursday, January 10th. National Bank Financial cut their target price on shares of Baytex Energy from C$7.25 to C$4.50 and set an outperform rating on the stock in a research note on Monday, December 10th. Finally, TD Securities cut their target price on shares of Baytex Energy from C$4.00 to C$3.50 and set a buy rating on the stock in a research note on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Baytex Energy presently has an average rating of Buy and an average price target of C$4.94.

TSE BTE traded down C$0.03 on Thursday, hitting C$2.87. The company’s stock had a trading volume of 3,480,228 shares, compared to its average volume of 4,294,602. Baytex Energy has a 1-year low of C$1.87 and a 1-year high of C$8.10. The company has a debt-to-equity ratio of 68.86, a quick ratio of 0.43 and a current ratio of 0.74. The stock has a market cap of $1.61 billion and a P/E ratio of -3.09.

Baytex Energy Company Profile

Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. It offers heavy oil, heavy gravity crude oil, bitumen, light oil, and natural gas liquids. Its primary oil resource plays include the Eagle Ford in Texas, and the Peace River Oil Sands and Lloydminster heavy oil projects in North America.

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Analyst Recommendations for Baytex Energy (TSE:BTE)

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