Baytex Energy (OTCMKTS: BTEGF – Get a review) saw its price target raised by National Bank Financial from CA$9.50 to CA$10.50 in a research report delivered to clients and investors on Thursday, reports The Fly.
Several other equity analysts have also recently commented on BTEGF. 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 report. Stifel Nicolaus raised his price target on Baytex Energy shares from C$7.00 to C$8.25 in a Monday, May 2 report. BMO Capital Markets raised its price target on shares of Baytex Energy from C$8.00 to C$8.50 in a Friday, April 29 research note. Royal Bank of Canada raised its price target on Baytex Energy from C$6.00 to C$7.00 in a Monday, May 2 research report. Finally, TD Securities raised its price target on shares of Baytex Energy from C$6.50 to C$7.50 in a Friday, April 29 report. Six research analysts rated the stock with a hold rating and three gave the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.36.
Shares of BTEGF were down $0.16 during Thursday trading hours, hitting $6.05. 909,687 shares of the company were traded, against an average volume of 671,265. The company has a fifty-day simple moving average of $5.34 and a 200-day simple moving average of $4.29. The company has a market capitalization of $3.44 billion, a PE ratio of 2.51 and a beta of 2.37. The company has a debt ratio of 0.58, a current ratio of 0.53 and a quick ratio of 0.53. Baytex Energy has a one-year low of $1.38 and a one-year high of $7.24.
Baytex Energy (OTCMKTS:BTEGF – Get Rating) last announced its results on Thursday, April 28. The company reported EPS of $0.08 for the quarter, missing the consensus estimate of $0.15 per ($0.07). The company had revenue of $531.97 million in the quarter. Baytex Energy had a return on equity of 29.82% and a net margin of 80.01%. Sell-side analysts expect Baytex Energy to post year-to-date EPS of 0.73.
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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