Baytex Energy (TSE:BTE) (NYSE:BTE) was upgraded by stock analysts at GMP Securities from a “hold” rating to a “buy” rating in a report issued on Friday.
BTE has been the subject of several other reports. AltaCorp Capital raised Baytex Energy from a “sector perform” rating to an “outperform” rating in a report on Monday, January 15th. Eight Capital set a C$5.30 target price on Baytex Energy and gave the company a “neutral” rating in a report on Thursday, January 11th. Barclays raised their target price on Baytex Energy from C$2.50 to C$4.00 in a report on Wednesday, January 17th. BMO Capital Markets reissued a “market perform” rating and issued a C$4.00 target price on shares of Baytex Energy in a report on Wednesday. Finally, CIBC raised their target price on Baytex Energy from C$4.00 to C$4.50 in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$4.48.
Shares of Baytex Energy (TSE BTE) opened at C$3.73 on Friday. Baytex Energy has a fifty-two week low of C$2.76 and a fifty-two week high of C$4.85. The firm has a market capitalization of $878.23, a price-to-earnings ratio of 10.08 and a beta of 2.90.
COPYRIGHT VIOLATION NOTICE: This story was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3254293/baytex-energy-bte-stock-rating-upgraded-by-gmp-securities.html.
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.
Receive News & Ratings for Baytex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baytex Energy and related companies with MarketBeat.com's FREE daily email newsletter.