Baytex Energy (OTCMKTS:BTEGF) price target raised to C$8.25

Baytex Energy (OTCMKTS:BTEGF – Get Assessment) had its price target raised by research analysts Stifel Nicolaus from C$7.00 to C$8.25 in a report on Monday, reports The Fly.

Several other equity research analysts also weighed in on the company. TD Securities raised its target price on Baytex Energy from C$6.50 to C$7.50 in a research report on Friday. Zacks Investment Research downgraded shares of Baytex Energy from a “buy” rating to a “hold” rating in a Friday, April 8 report. National Bankshares upgraded Baytex Energy shares to a “buy” rating and set a target price of $8.75 on the stock in a Thursday, April 14 report. National Bank Financial raised its price target on shares of Baytex Energy from C$8.75 to C$9.50 in a report released Friday. Finally, Scotiabank raised its price target on Baytex Energy from C$6.25 to C$6.75 in a Monday, April 18 research note. Eight investment analysts gave the stock a hold rating and three gave the company a buy rating. According to, Baytex Energy currently has a consensus rating of “Hold” and an average target price of $6.95.

BTEGF stock was down $0.42 during Monday trading hours, hitting $5.13. The company’s stock had a trading volume of 960,800 shares, compared to an average volume of 677,838. The stock has a 50-day moving average price of $4.64 and a two-hundred-day moving average price of 3 $.79. Baytex Energy has a 12-month low of $1.17 and a 12-month high of $5.71. The company has a market capitalization of $2.92 billion, a PE ratio of 2.13 and a beta of 2.72. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt ratio of 0.63.

Baytex Energy (OTCMKTS:BTEGF – Get Rating) last released its quarterly earnings data on Thursday, February 24. The company reported earnings per share (EPS) of $0.78 for the quarter, beating the Zacks consensus estimate of $0.09 by $0.69. Baytex Energy had a net margin of 80.01% and a return on equity of 31.42%. The company had revenue of $438.25 million in the quarter. Sell-side analysts expect Baytex Energy to post earnings per share of 0.72 for the current year.

About Baytex Energy (Get an evaluation)

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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