Baytex Energy (BTE) Given a C$5.30 Price Target by Eight Capital Analysts
Baytex Energy (TSE:BTE) (NYSE:BTE) received a C$5.30 price target from equities research analysts at Eight Capital in a research note issued to investors on Thursday. The firm currently has a “neutral” rating on the stock. Eight Capital’s price objective would indicate a potential upside of 28.64% from the stock’s previous close.
Other equities analysts have also issued reports about the company. BMO Capital Markets upped their target price on Baytex Energy from C$3.50 to C$4.00 in a research note on Friday, November 3rd. GMP Securities upgraded Baytex Energy from a “hold” rating to a “buy” rating and upped their target price for the company from C$4.00 to C$5.00 in a research note on Monday, November 13th. National Bank Financial upped their target price on Baytex Energy from C$4.25 to C$5.00 and gave the company a “sector perform” rating in a research note on Tuesday. AltaCorp Capital lowered Baytex Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 6th. Finally, Royal Bank of Canada upped their price target on Baytex Energy from C$4.00 to C$4.50 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of C$4.80.
Baytex Energy (TSE BTE) traded up C$0.10 during trading on Thursday, reaching C$4.12. The company had a trading volume of 5,940,200 shares, compared to its average volume of 3,140,000. The firm has a market capitalization of $970.06, a price-to-earnings ratio of -2.56 and a beta of 3.04. Baytex Energy has a 52-week low of C$2.76 and a 52-week high of C$6.23.
About Baytex Energy
Baytex Energy Corp. (Baytex) is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). The Company’s crude oil and natural gas operations are organized into four business units: Lloydminster, Peace River, Conventional and United States.
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