Baytex Energy (TSE:BTE - Get Free Report) NYSE: BTE had its price target dropped by equities research analysts at Raymond James from C$5.00 to C$4.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Raymond James' price objective suggests a potential upside of 76.99% from the stock's current price.
BTE has been the topic of a number of other research reports. BMO Capital Markets dropped their price target on Baytex Energy from C$5.00 to C$4.00 in a research report on Wednesday, March 5th. Atb Cap Markets downgraded shares of Baytex Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. Royal Bank of Canada lowered their price target on shares of Baytex Energy from C$5.50 to C$5.00 in a research report on Tuesday, January 14th. CIBC cut their price objective on shares of Baytex Energy from C$6.00 to C$5.00 in a report on Friday, January 17th. Finally, Scotiabank upgraded Baytex Energy to a "hold" rating in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$5.33.
View Our Latest Research Report on Baytex Energy
Baytex Energy Price Performance
Shares of TSE:BTE remained flat at C$2.26 during trading on Wednesday. 6,035,649 shares of the stock were exchanged, compared to its average volume of 4,880,665. The business's 50-day simple moving average is C$3.08 and its two-hundred day simple moving average is C$3.62. The company has a quick ratio of 0.77, a current ratio of 0.69 and a debt-to-equity ratio of 57.38. Baytex Energy has a fifty-two week low of C$1.91 and a fifty-two week high of C$5.40. The company has a market capitalization of C$1.78 billion, a price-to-earnings ratio of -5.14, a PEG ratio of 0.12 and a beta of 2.61.
About Baytex Energy
(
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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.
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