Baytex Energy (OTCMKTS:BTEGF – Get Assessment) had its price target raised by BMO Capital Markets from CA$8.00 to CA$8.50 in a research report released Friday morning, reports The Fly.
A number of other equity research analysts have also recently published reports on the company. Scotiabank raised its price target on Baytex Energy from C$6.25 to C$6.75 in a Monday, April 18 research note. National Bankshares upgraded Baytex Energy to a buy rating and set a price target of $8.75 for the stock in a Thursday, April 14 research report. Zacks Investment Research upgraded Baytex Energy from a buy rating to a hold rating in a Friday, April 8 research report. National Bank Financial raised its price target on Baytex Energy from C$8.75 to C$9.50 in a research report released Friday. Finally, Stifel Nicolaus raised his price target on Baytex Energy from CA$4.75 to CA$7.00 in a Monday, February 28 research report. Eight research analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $6.60.
Shares of Baytex Energy opened at $5.13 on Friday. Baytex Energy has a 52-week low of $1.17 and a 52-week high of $5.71. The stock’s 50-day simple moving average is $4.64 and its 200-day simple moving average is $3.78. The stock has a market capitalization of $2.92 billion, a P/E ratio of 7.96 and a beta of 2.72. The company has a debt ratio of 0.63, a quick ratio of 0.54 and a current ratio of 0.54.
Baytex Energy (OTCMKTS:BTEGF – Get Rating) last reported 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 return on equity of 32.11% and a net margin of 87.37%. The company posted revenue of $438.25 million for the quarter. Equity research analysts expect Baytex Energy to post EPS of 0.72 for the current fiscal year.
About Baytex Energy (Get a rating)
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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