Baytex Energy (TSE:BTE) Upgraded by Capital One Financial to “Hold” Rating

Baytex Energy (TSE:BTE) (NYSE:BTE) was upgraded by stock analysts at Capital One Financial to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts have also recently weighed in on BTE. National Bankshares dropped their price target on Baytex Energy from C$4.75 to C$4.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Scotiabank increased their target price on Baytex Energy from C$3.50 to C$4.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$4.37.

Baytex Energy Stock Performance

Shares of TSE BTE opened at C$3.26 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.69 and a debt-to-equity ratio of 57.38. The firm’s 50-day moving average price is C$3.23 and its two-hundred day moving average price is C$2.78. Baytex Energy has a 52-week low of C$1.91 and a 52-week high of C$4.44. The stock has a market capitalization of C$2.50 billion, a P/E ratio of 6.94, a P/E/G ratio of 0.12 and a beta of 0.96.

Baytex Energy Company Profile

Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.