Baytex Energy (TSE:BTE – Get a Rating) (NYSE:BTE) received a target price of CA$6.50 from Raymond James in a report released Friday, BayStreet.CA reports. The company currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 18.18% from the company’s current price.
Other research analysts have also released reports on the stock. National Bankshares raised its price target on Baytex Energy shares from C$4.50 to C$5.00 and gave the company an “industry performance” rating in a Monday, Nov. 8 research note. TD Securities raised its price target on Baytex Energy from C$4.75 to C$5.25 and gave the stock a “holding” rating in a research report on Friday. Scotiabank raised its target price on Baytex Energy from C$3.75 to C$4.25 in a Friday, November 19 research report. Royal Bank of Canada raised its price target on Baytex Energy shares from C$4.00 to C$4.50 and gave the stock an “sector performance” rating in a research report by the Monday, November 8. Finally, ATB Capital raised its price target on Baytex Energy from CA$3.50 to CA$4.75 in a Tuesday, November 23 research report. Six research analysts gave the stock a hold rating and two gave the stock a buy rating. According to MarketBeat.com, Baytex Energy has a consensus rating of “Hold” and an average target price of C$4.33.
Baytex Energy stock traded C$0.50 midday on Friday, hitting C$5.50. The company had a trading volume of 15,652,233 shares, compared to an average volume of 6,735,924. The stock has a market capitalization of C$3.10 billion and a price-to-earnings ratio of 2.44. Baytex Energy has a 1-year low of C$1.15 and a 1-year high of C$5.50. The company has a quick ratio of 0.44, a current ratio of 0.46 and a debt ratio of 93.29. The company has a fifty-day moving average of C$4.43 and a 200-day moving average of C$3.70.
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 Canada Sedimentary Basin and Eagle Ford in the 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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