Baytex Energy (OTCMKTS: BTEGF – Get a review) saw its price target raised by Scotiabank investment analysts from C$6.25 to C$6.75 in a report on Monday, reports The Fly.
Several other research firms also commented on the BTEGF. CIBC raised its price target on shares of Baytex Energy from C$7.00 to C$8.00 in a research report on Thursday. Stifel Nicolaus raised his price target on Baytex Energy shares from C$4.75 to C$7.00 in a Monday, February 28 research report. Zacks Investment Research downgraded shares of Baytex Energy from a “buy” rating to a “hold” rating in a Friday, April 8 research report. National Bank Financial upgraded shares of Baytex Energy from an “sector performance” rating to an “outperform” rating in a research report Thursday. Finally, National Bankshares upgraded Baytex Energy shares to a “buy” rating and set a price target of $8.75 on the stock in a research report on Thursday. Eight research analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat.com, Baytex Energy currently has a consensus rating of “Hold” and a consensus price target of $5.76.
Shares of OTCMKTS BTEGF rose $0.40 during Monday’s trading, hitting $5.05. 1,095,700 shares of the company were traded, with an average volume of 685,739. The company has a market capitalization of $2.87 billion, a price-earnings ratio of 2.21 and a beta of 2.72. Baytex Energy has a 1-year low of $0.97 and a 1-year high of $5.15. The company’s fifty-day moving average price is $4.37 and its 200-day moving average price is $3.63. The company has a debt ratio of 0.63, a current ratio of 0.54 and a quick ratio of 0.54.
Baytex Energy (OTCMKTS:BTEGF – Get Rating) last reported results on Thursday, February 24. The company reported EPS of $0.78 for the quarter, beating the consensus estimate of $0.09 by $0.69. The company posted revenue of $438.25 million for the quarter. Baytex Energy had a net margin of 87.37% and a return on equity of 32.11%. On average, research analysts expect Baytex Energy to post 0.7 earnings per share for the current 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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