A number of other research analysts also recently issued reports on BTEGF. TD Securities upped their target price on shares of Baytex Energy from C$6.50 to C$7.50 in a research report on Friday, April 29th. CIBC raised their price objective on shares of Baytex Energy from C$8.00 to C$10.00 in a research note on Wednesday, June 15th. National Bankshares upgraded shares of Baytex Energy to a “buy” rating and set a $8.75 target price for the company in a research report on Thursday, April 14th. Scotiabank raised their price target on Baytex Energy from C$6.75 to C$9.00 in a research report on Wednesday, June 8th. Finally, National Bank Financial lifted their price objective on Baytex Energy from C$9.50 to C$10.50 in a research note on Thursday, June 16th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Baytex Energy presently has a consensus rating of “Hold” and an average price target of $8.42.
Baytex Energy Price Performance
Shares of BTEGF traded up $0.28 during mid-day trading on Thursday, hitting $5.27. 469,686 shares of the company traded hands, compared to its average volume of 465,274. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 2.19 and a beta of 2.30. The business has a 50-day moving average of $5.26 and a 200 day moving average of $4.69. Baytex Energy has a one year low of $1.40 and a one year high of $7.24.
About Baytex Energy
Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadian Sedimentary Basin and in the Texas, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. Its principal oil and natural gas properties comprise the Eagle Ford property in Texas, Viking and Lloydminster properties in Alberta and Saskatchewan, Peace River and Duvernay properties in Alberta.
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