Baytex Energy Corp. (TSE:BTE – Get Rating) (NYSE:BTE) received an average rating of “moderate buy” from the ten rating companies that currently cover the stock, Marketbeat.com reports. Two investment analysts gave the stock a hold rating and two gave the company a buy rating. The 12-month average target price among brokerages that have hedged the stock over the past year is C$8.18.
Several research companies have recently weighed in on BTE. Stifel Nicolaus raised his price target on Baytex Energy from CA$8.25 to CA$9.00 in a Monday, July 4 research report. TD Securities raised its price target on shares of Baytex Energy from C$6.50 to C$7.50 and gave the stock a “holding” rating in a Friday, April 29 research report. BMO Capital Markets raised its price target on Baytex Energy shares from C$8.00 to C$8.50 in a Friday, April 29 research report. National Bankshares lowered its price target on Baytex Energy shares from CA$10.50 to CA$10.00 and set an “outperform” rating for the company in a report released Monday, July 18. Finally, Royal Bank of Canada raised its price target on Baytex Energy from C$6.00 to C$7.00 and gave the stock an “sector performance” rating in a Monday research note. May 2.
Performance of Baytex Energy shares
BTE stock opened at C$5.82 on Wednesday. The stock has a market capitalization of C$3.26 billion and a PE ratio of 4.34. Baytex Energy has a 12-month low of C$1.87 and a 12-month high of C$9.16. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt ratio of 46.97. The stock’s 50-day simple moving average is C$6.73 and its 200-day simple moving average is C$6.07.
Insider Trading at Baytex Energy
In related news, senior officer Rodney Gray purchased 20,000 shares of the company in a trade that took place on Thursday, June 23. The stock was purchased at an average price of CA$5.69 per share, for a total transaction of CA$113,700.00. As a result of the transaction, the insider now directly owns 934,024 shares of the company, valued at approximately C$5,309,926.44. In other news, Senior Officer Rodney Gray acquired 20,000 shares of Baytex Energy in a trade Thursday, June 23. The stock was purchased at an average cost of CA$5.69 per share, with a total value of CA$113,700.00. Following the completion of the purchase, the insider now owns 934,024 shares of the company, valued at C$5,309,926.44. Additionally, senior officer Chad Lundberg purchased 7,700 shares of Baytex Energy in a trade dated Friday, May 13. The stock was purchased at an average cost of CA$6.17 per share, with a total value of CA$47,509.00. Following the completion of the transaction, the insider now directly owns 472,481 shares of the company, valued at C$2,915,207.77. During the last quarter, insiders purchased 39,700 shares of the company worth $228,289.
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 Texas, United States. The Company offers light oil and condensate, heavy oil, natural gas liquids and natural gas. Its principal oil and gas properties include Eagle Ford property in Texas, Viking and Lloydminster properties in Alberta and Saskatchewan, Peace River and Duvernay properties in Alberta.
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