Baytex Energy (BTE) PT Lowered to C$20.00
Baytex Energy (TSE:BTE) (NYSE:BTE) had its price target dropped by equities researchers at TD Securities from C$21.00 to C$20.00 in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 452.49% from the company’s current price.
Several other research firms have also commented on BTE. CIBC lifted their price objective on shares of Baytex Energy from C$4.00 to C$4.50 in a research note on Tuesday, January 23rd. Barclays lifted their price objective on shares of Baytex Energy from C$2.50 to C$4.00 in a research note on Wednesday, January 17th. AltaCorp Capital raised shares of Baytex Energy from a “sector perform” rating to an “outperform” rating in a research note on Monday, January 15th. Eight Capital set a C$5.30 price objective on shares of Baytex Energy and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Finally, National Bank Financial lifted their price objective on shares of Baytex Energy from C$4.25 to C$5.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$6.06.
Baytex Energy (TSE:BTE) traded down C$0.03 during midday trading on Wednesday, reaching C$3.62. 1,500,293 shares of the company’s stock traded hands, compared to its average volume of 2,976,022. The stock has a market capitalization of $859.39, a price-to-earnings ratio of 9.78 and a beta of 2.90. Baytex Energy has a 52 week low of C$2.76 and a 52 week high of C$4.81.
About Baytex Energy
Baytex Energy Corp. (Baytex) is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). The Company’s crude oil and natural gas operations are organized into four business units: Lloydminster, Peace River, Conventional and United States.
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