National Bank Financial Lowers Baytex Energy (TSE:BTE) Price Target to C$3.25

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price target decreased by stock analysts at National Bank Financial from C$4.25 to C$3.25 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 55.50% from the company’s previous close.

Several other research firms have also recently commented on BTE. Raymond James reissued an “outperform” rating and issued a C$3.75 price target on shares of Baytex Energy in a report on Friday, May 3rd. Canaccord Genuity raised their price target on Baytex Energy from C$4.50 to C$6.00 in a report on Tuesday, April 9th. TD Securities reduced their price target on Baytex Energy from C$4.00 to C$3.50 and set a “buy” rating for the company in a report on Thursday, March 7th. Finally, GMP Securities raised their price objective on Baytex Energy from C$4.50 to C$4.75 in a research note on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$4.50.

BTE opened at C$2.09 on Tuesday. 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 company has a 50 day simple moving average of C$2.27. The firm has a market cap of $1.16 billion and a PE ratio of -3.58. Baytex Energy has a 12 month low of C$1.87 and a 12 month high of C$6.25.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$0.02 EPS for the quarter. The business had revenue of C$453.42 million during the quarter. As a group, sell-side analysts expect that Baytex Energy will post 0.13 EPS for the current fiscal year.

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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Analyst Recommendations for Baytex Energy (TSE:BTE)

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