Baytex Energy (OTCMKTS: BTEGF – Get a review) saw its target price raised by Royal Bank of Canada equity research analysts from C$6.00 to C$7.00 in a report on Monday, reports The Fly.
A number of other equity research analysts have also recently released reports on the stock. CIBC raised its price target on shares of Baytex Energy from C$7.00 to C$8.00 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 report. BMO Capital Markets raised its target price on Baytex Energy from C$8.00 to C$8.50 in a report on Friday. National Bankshares upgraded Baytex Energy to a “buy” rating and set a price target of $8.75 for the company in a Thursday, April 14 research note. Finally, TD Securities raised its price target on shares of Baytex Energy from C$6.50 to C$7.50 in a research note on Friday. Eight equity research analysts gave the stock a hold rating and three gave the stock a buy rating. According to data from MarketBeat.com, Baytex Energy has a consensus rating of “Hold” and an average price target of $6.95.
Baytex Energy stock traded down $0.42 at midday Monday, hitting $5.13. The company’s shares had a trading volume of 960,800 shares, compared to an average volume of 677,838. The company has a market capitalization of $2.92 billion, a PE ratio of 2.13 and a beta of 2, 72. Baytex Energy has a fifty-two week low of $1.17 and a fifty-two week high of $5.71. The stock’s 50-day simple moving average is $4.64 and its 200-day simple moving average is $3.79. 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 announced its quarterly results 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. The company had revenue of $438.25 million in the quarter. Baytex Energy had a net margin of 80.01% and a return on equity of 31.42%. Stock analysts predict Baytex Energy will post earnings per share of 0.72 for the current year.
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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