Raymond James reaffirmed their outperform rating on shares of Baytex Energy (TSE:BTE) (NYSE:BTE) in a research note released on Friday morning, BayStreet.CA reports. They currently have a C$3.00 target price on the stock.
A number of other brokerages also recently issued reports on BTE. CIBC dropped their price target on shares of Baytex Energy from C$4.25 to C$4.00 in a research report on Thursday, July 18th. National Bank Financial dropped their price target on shares of Baytex Energy from C$4.25 to C$3.25 and set an outperform rating on the stock in a research report on Tuesday, June 25th. GMP Securities dropped their price target on shares of Baytex Energy from C$5.00 to C$4.00 in a research report on Friday, June 28th. Royal Bank of Canada dropped their price target on shares of Baytex Energy from C$3.50 to C$3.00 in a research report on Thursday, July 18th. Finally, Laurentian dropped their target price on shares of Baytex Energy from C$5.00 to C$4.50 in a research report on Wednesday, July 24th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of C$3.83.
Shares of TSE BTE opened at C$1.88 on Friday. The firm has a market cap of $1.05 billion and a P/E ratio of -3.22. Baytex Energy has a 52-week low of C$1.74 and a 52-week high of C$4.50. The company has a quick ratio of 0.75, a current ratio of 0.86 and a debt-to-equity ratio of 70.19. The stock has a 50 day moving average price of C$1.95.
Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company offers light oil, natural gas liquids, shale and natural gas, heavy gravity crude oil, bitumen, and heavy oil.
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