Shares of Baytex Energy Corp. (TSE:BTE – Get Rating) (NYSE:BTE) have been assigned a consensus rating of “moderate buy” by the ten analysts who currently cover the company, Marketbeat reports. Two research analysts gave the stock a hold rating and three gave the company a buy rating. The 12-month average target price among brokerages that have issued quotes on the stock over the past year is C$8.10.
A number of brokerages have recently released reports on BTE. BMO Capital Markets raised its target price on Baytex Energy from C$8.00 to C$8.50 in a Friday, April 29 research report. CIBC raised its price target on Baytex Energy from CA$7.00 to CA$8.00 in a Thursday, April 14 research report. National Bankshares raised its price target on Baytex Energy from C$8.75 to C$9.50 and gave the stock an “outperform” rating in a Friday, April 29 research report. 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, May 2 research report . Finally, Scotiabank raised its price target on Baytex Energy from C$6.75 to C$9.00 in a Wednesday, June 8 research note.
TSE: BTE opened at C$5.88 on Friday. Baytex Energy has a 12-month low of CA$1.75 and a 12-month high of CA$9.16. The company has a market capitalization of C$3.35 billion and a PE ratio of 2.07. The company has a debt ratio of 57.82, a current ratio of 0.53 and a quick ratio of 0.52. The company’s 50-day moving average is C$6.82 and its two-hundred-day moving average is C$5.82.
Baytex Energy (TSE:BTE – Get Rating) (NYSE:BTE) last reported results on Thursday, April 28. The company reported earnings per share (EPS) of C$0.10 for the quarter, missing analyst consensus estimates of C$0.19 by C$0.09. The company had revenue of C$673.83 million in the quarter. Stock analysts expect Baytex Energy to post EPS of 1.11 for the current year.
In related news, senior officer Rodney Gray purchased 20,000 shares of the company in a trade Thursday, June 23. The stock was purchased at an average cost of CA$5.69 per share, for a total transaction of CA$113,700.00. Following the completion of the purchase, the insider now directly owns 934,024 shares of the company, valued at approximately C$5,309,926.44. Additionally, senior officer Chad Lundberg purchased 7,700 shares of the company in a trade on Friday, May 13. The stock was purchased at an average price of CA$6.17 per share, with a total value of CA$47,509.00. Following the completion of the purchase, the insider now owns 472,481 shares of the company, valued at C$2,915,207.77. Insiders bought 39,700 shares of the company valued at $228,289 during the last quarter.
Baytex Energy Company Profile (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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