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

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

A number of other research firms also recently weighed in on BTE. BMO Capital Markets set a C$6.00 price target on shares of Baytex Energy and gave the company a “market perform” rating in a research report on Tuesday, April 9th. TD Securities dropped their price target on shares of Baytex Energy from C$6.50 to C$6.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Raymond James dropped their price target on shares of Baytex Energy from C$6.75 to C$5.00 and set a “market perform” rating for the company in a research report on Friday, January 19th. Stifel Nicolaus boosted their price objective on shares of Baytex Energy from C$6.00 to C$6.25 and gave the company a “buy” rating in a research report on Thursday, February 29th. Finally, ATB Capital lowered their price objective on shares of Baytex Energy from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$6.53.

Baytex Energy Trading Up 3.8 %

Shares of TSE:BTE opened at C$5.20 on Monday. Baytex Energy has a 12-month low of C$3.83 and a 12-month high of C$6.37. The stock 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. The business has a 50 day moving average of C$4.75 and a 200-day moving average of C$4.85. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 63.80.

Baytex Energy (TSE:BTE) (NYSE:BTE) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.25 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.12. Baytex Energy had a negative net margin of 8.60% and a negative return on equity of 6.81%. The company had revenue of C$1.07 billion during the quarter. As a group, equities research analysts forecast that Baytex Energy will post 0.7398601 earnings per share for the current year.

Insider Buying and Selling at Baytex Energy

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