Baytex Energy (TSE:BTE) PT Lowered to C$7.50

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price target reduced by analysts at National Bankshares from C$8.00 to C$7.50 in a report issued on Friday, BayStreet.CA reports. National Bankshares’ target price indicates a potential upside of 88.92% from the stock’s current price.

Other analysts have also issued research reports about the company. Canaccord Genuity Group raised their price target on Baytex Energy from C$6.25 to C$6.50 in a research note on Friday, July 26th. Royal Bank of Canada decreased their price objective on shares of Baytex Energy from C$6.50 to C$5.50 in a report on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.28.

Baytex Energy Price Performance

BTE stock opened at C$3.97 on Friday. The stock has a market capitalization of C$3.20 billion, a price-to-earnings ratio of -5.75, a PEG ratio of 0.12 and a beta of 2.65. The firm’s 50-day moving average price is C$4.59 and its two-hundred day moving average price is C$4.76. The company has a current ratio of 0.72, a quick ratio of 0.77 and a debt-to-equity ratio of 62.33. Baytex Energy has a 12-month low of C$3.85 and a 12-month high of C$6.37.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its quarterly earnings results on Thursday, July 25th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.03). Baytex Energy had a negative net margin of 11.92% and a negative return on equity of 9.55%. The business had revenue of C$1.13 billion for the quarter, compared to analysts’ expectations of C$1.04 billion. As a group, equities analysts predict that Baytex Energy will post 0.3651203 earnings per share for the current year.

Insider Activity at Baytex Energy

In other Baytex Energy news, Senior Officer Chadwick Kalmakoff acquired 12,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of C$4.18 per share, for a total transaction of C$50,160.00. 0.82% of the stock is currently owned by corporate insiders.

About Baytex Energy

Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas.