Baytex Energy Corp (TSE:BTE) Given Consensus Rating of “Buy” by Brokerages

Baytex Energy Corp (TSE:BTE) (NYSE:BTE) has earned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings 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 twelve-month price objective among analysts that have issued a report on the stock in the last year is C$3.83.

Several analysts have recently commented on BTE shares. National Bank Financial reduced their price target on shares of Baytex Energy from C$4.25 to C$3.25 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. CIBC dropped their target price on shares of Baytex Energy from C$4.25 to C$4.00 in a report on Thursday, July 18th. Canaccord Genuity lifted their target price on shares of Baytex Energy from C$4.50 to C$6.00 in a report on Tuesday, April 9th. Raymond James reiterated an “outperform” rating and issued a C$3.00 target price on shares of Baytex Energy in a report on Friday. Finally, CSFB restated an “outperform” rating and issued a C$3.50 price target on shares of Baytex Energy in a research note on Tuesday, July 16th.

TSE:BTE traded up C$0.01 during trading hours on Tuesday, reaching C$1.88. 5,416,922 shares of the company traded hands, compared to its average volume of 4,079,664. The firm has a 50-day moving average price of C$1.95. The firm has a market capitalization of $1.04 billion and a PE ratio of -3.22. Baytex Energy has a 1 year low of C$1.74 and a 1 year high of C$4.50. The company has a debt-to-equity ratio of 70.19, a current ratio of 0.86 and a quick ratio of 0.75.

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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