Baytex Energy (TSE:BTE) PT Raised to C$7.00

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price target lifted by investment analysts at Stifel Nicolaus from C$6.25 to C$7.00 in a report released on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 33.84% from the company’s current price.

A number of other brokerages have also recently weighed in on BTE. ATB Capital cut their price objective on shares of 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. 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 research note on Thursday, February 29th. Raymond James lowered their price objective on Baytex Energy from C$6.75 to C$5.00 and set a “market perform” rating for the company in a research note on Friday, January 19th. BMO Capital Markets set a C$6.00 target price on Baytex Energy and gave the stock a “market perform” rating in a research note on Tuesday, April 9th. Finally, CIBC lifted their price target on Baytex Energy from C$6.00 to C$6.50 and gave the stock a “neutral” rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$6.53.

Baytex Energy Trading Up 0.6 %

TSE BTE opened at C$5.23 on Tuesday. The firm has a market capitalization of C$4.30 billion, a PE ratio of -15.85, a P/E/G ratio of 0.12 and a beta of 2.78. The stock’s 50 day moving average is C$4.77 and its 200 day moving average is C$4.85. Baytex Energy has a twelve month low of C$3.83 and a twelve month high of C$6.37. 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 announced its earnings results on Wednesday, February 28th. The company reported C$0.25 EPS for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.12. The firm had revenue of C$1.07 billion for the quarter. Baytex Energy had a negative net margin of 8.60% and a negative return on equity of 6.81%. Research analysts forecast that Baytex Energy will post 0.7398601 earnings per share for the current fiscal year.

Insiders Place Their Bets

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