Tudor Pickering & Holt set a C$2.25 price target on Baytex Energy (TSE:BTE) (NYSE:BTE) in a research report report published on Tuesday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.
Several other research analysts have also weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Baytex Energy from C$3.00 to C$2.50 in a research report on Friday, October 18th. CIBC dropped their target price on shares of Baytex Energy from C$4.00 to C$3.00 in a report on Tuesday, October 15th. Scotiabank reduced their price target on shares of Baytex Energy from C$3.50 to C$3.25 in a research report on Tuesday, January 14th. Raymond James set a C$2.00 price target on Baytex Energy and gave the stock a market perform rating in a research note on Friday, December 6th. Finally, CSFB lowered their price target on Baytex Energy from C$3.50 to C$3.00 and set an outperform rating on the stock in a report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Baytex Energy currently has a consensus rating of Buy and a consensus target price of C$3.29.
Shares of TSE BTE opened at C$1.53 on Tuesday. The company has a debt-to-equity ratio of 62.22, a quick ratio of 0.79 and a current ratio of 0.99. Baytex Energy has a one year low of C$1.33 and a one year high of C$3.13. The firm has a market capitalization of $960.28 million and a P/E ratio of -6.71. The company’s fifty day moving average is C$1.77 and its two-hundred day moving average is C$1.77.
In other Baytex Energy news, Director Trudy Marie Curran acquired 29,240 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were acquired at an average cost of C$1.80 per share, for a total transaction of C$52,632.00. Following the transaction, the director now directly owns 158,219 shares of the company’s stock, valued at C$284,794.20.
Baytex Energy Company Profile
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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