Baytex Energy (TSE:BTE) Given a C$9.00 Price Target at Jefferies Financial Group

Baytex Energy (TSE:BTE) (NYSE:BTE) has been given a C$9.00 price target by stock analysts at Jefferies Financial Group in a note issued to investors on Tuesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group‘s price target suggests a potential upside of 17.34% from the company’s previous close.

BTE has been the subject of several other reports. Raymond James Financial raised their price target on shares of Baytex Energy from C$8.00 to C$8.50 and gave the stock a “strong-buy” rating in a research note on Friday, July 31st. National Bank Financial boosted their price objective on shares of Baytex Energy from C$8.50 to C$9.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$7.32.

Baytex Energy Stock Down 0.9%

BTE stock traded down C$0.07 during mid-day trading on Tuesday, hitting C$7.67. 3,490,715 shares of the company were exchanged, compared to its average volume of 5,860,664. The firm has a market cap of C$5.36 billion, a P/E ratio of -8.34, a P/E/G ratio of 0.12 and a beta of 0.60. Baytex Energy has a 1-year low of C$3.14 and a 1-year high of C$7.87. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.77 and a current ratio of 2.82. The firm’s 50 day simple moving average is C$6.80 and its 200 day simple moving average is C$6.03.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.24 EPS for the quarter. The business had revenue of C$564.88 million for the quarter. Baytex Energy had a negative net margin of 131.38% and a negative return on equity of 26.41%. On average, sell-side analysts predict that Baytex Energy will post 0.37 EPS for the current fiscal year.

Baytex Energy Company Profile

Baytex Energy Corp. is a Calgary -based energy company committed to driving shareholder value through disciplined execution. It operates a high-quality, high-return portfolio in the Western Canadian Sedimentary Basin, featuring the Pembina Duvernay and heavy oil plays in Alberta and Saskatchewan. These core assets are backed by an extensive drilling inventory and consistently generate strong cash flow.