Other equities research analysts have also issued research reports about the company. BMO Capital Markets cut their price target on Baytex Energy from C$4.75 to C$3.50 in a research note on Monday, November 5th. GMP Securities cut their price target on Baytex Energy from C$8.00 to C$7.75 in a research note on Monday, November 5th. CIBC cut their price target on Baytex Energy from C$7.00 to C$5.75 in a research note on Thursday, November 22nd. TD Securities cut their price target on Baytex Energy from C$5.50 to C$5.00 and set a buy rating for the company in a research note on Monday, December 17th. Finally, National Bank Financial cut their price target on Baytex Energy from C$4.50 to C$4.25 and set an outperform rating for the company in a research note on Tuesday, December 18th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Baytex Energy presently has a consensus rating of Buy and an average price target of C$4.94.
Shares of TSE:BTE traded up C$0.03 during midday trading on Thursday, hitting C$2.65. The company had a trading volume of 4,291,494 shares, compared to its average volume of 5,269,338. The company has a debt-to-equity ratio of 63.50, a quick ratio of 0.54 and a current ratio of 0.55. Baytex Energy has a 12-month low of C$1.87 and a 12-month high of C$8.89.
In other news, insider Edward David Lafehr acquired 41,494 shares of Baytex Energy stock in a transaction that occurred on Tuesday, November 20th. The shares were bought at an average cost of C$2.41 per share, with a total value of C$100,000.54. Also, Director David Lawrence Pearce sold 70,000 shares of the stock in a transaction dated Friday, November 16th. The stock was sold at an average price of C$2.58, for a total transaction of C$180,600.00.
Baytex Energy Company Profile
Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. It offers heavy oil, heavy gravity crude oil, bitumen, light oil, and natural gas liquids. Its primary oil resource plays include the Eagle Ford in Texas, and the Peace River Oil Sands and Lloydminster heavy oil projects in North America.
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