Baytex Energy Corp. (TSE:BTE) Receives C$7.91 Average Target Price from Analysts

Baytex Energy Corp. (TSE:BTE – Get Rating) (NYSE:BTE) has been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$7.91.

A number of equities analysts have recently commented on the stock. National Bank Financial raised their target price on shares of Baytex Energy from C$7.75 to C$8.50 in a research report on Wednesday, March 1st. National Bankshares raised their target price on shares of Baytex Energy from C$7.75 to C$8.50 and gave the stock a “sector perform” rating in a research report on Wednesday, March 1st. ATB Capital raised shares of Baytex Energy from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, March 1st. Stifel Nicolaus reduced their target price on shares of Baytex Energy from C$8.00 to C$7.00 in a research report on Wednesday, March 1st. Finally, Raymond James lowered shares of Baytex Energy from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$8.00 to C$5.50 in a research report on Thursday, March 2nd.

Baytex Energy Stock Performance

Baytex Energy stock opened at C$4.37 on Thursday. The firm has a market capitalization of C$2.38 billion, a P/E ratio of 3.03, a price-to-earnings-growth ratio of 0.12 and a beta of 2.92. The company’s 50-day moving average is C$5.68 and its 200 day moving average is C$6.23. Baytex Energy has a 1-year low of C$4.18 and a 1-year high of C$9.16. The company has a debt-to-equity ratio of 30.92, a current ratio of 0.85 and a quick ratio of 0.77.

About Baytex Energy

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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.