Baytex Energy (TSE:BTE) PT Raised to C$6.50 at CIBC

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price objective hoisted by analysts at CIBC from C$6.00 to C$6.50 in a research report issued on Monday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price indicates a potential upside of 25.00% from the stock’s current price.

BTE has been the topic of several other research reports. ATB Capital cut their price target on Baytex Energy from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. BMO Capital Markets set a C$6.00 price target on Baytex Energy and gave the stock a “market perform” rating in a report on Tuesday, April 9th. Royal Bank of Canada cut their price target on Baytex Energy from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. National Bankshares cut their price target on Baytex Energy from C$8.25 to C$7.25 and set an “outperform” rating on the stock in a report on Wednesday, January 10th. Finally, Stifel Nicolaus raised their price target on Baytex Energy from C$6.00 to C$6.25 and gave the stock a “buy” rating in a report on Thursday, February 29th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Baytex Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$6.53.

Baytex Energy Trading Up 3.8 %

TSE:BTE opened at C$5.20 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 63.80. The business’s 50 day moving average is C$4.75 and its two-hundred day moving average is C$4.85. Baytex Energy has a 52 week low of C$3.83 and a 52 week high of C$6.37. The company has a market cap of C$4.27 billion, a PE ratio of -15.76, a P/E/G ratio of 0.12 and a beta of 2.78.

Baytex Energy (TSE:BTE) (NYSE:BTE) last released its earnings results on Wednesday, February 28th. The company reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.13 by C$0.12. Baytex Energy had a negative return on equity of 6.81% and a negative net margin of 8.60%. The company had revenue of C$1.07 billion for the quarter. On average, analysts predict that Baytex Energy will post 0.7398601 EPS for the current year.

Insider Buying and Selling

In related news, Director Tiffany Thom Cepak sold 40,000 shares of Baytex Energy stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$3.55, for a total value of C$142,000.00. In other news, Director Tiffany Thom Cepak sold 40,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$3.55, for a total value of C$142,000.00. Also, Senior Officer Eric Thomas Greager bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of C$4.25 per share, with a total value of C$85,000.00. Insiders own 0.73% of the company’s stock.

About Baytex Energy

Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas.