Baytex Energy (TSE:BTE) PT Lowered to C$3.00

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price objective decreased by Raymond James from C$3.75 to C$3.00 in a research note published on Thursday morning, BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. Laurentian lowered their target price on Baytex Energy from C$5.50 to C$5.00 in a research note on Thursday, June 27th. Canaccord Genuity upgraded Nuvista Energy to a buy rating in a research note on Tuesday, April 9th. National Bank Financial lowered their target price on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research note on Tuesday, June 25th. Finally, GMP Securities reiterated a buy rating and set a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Baytex Energy has an average rating of Buy and an average target price of C$4.22.

Shares of TSE:BTE opened at C$1.90 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.75 and a debt-to-equity ratio of 70.19. The company’s fifty day moving average is C$2.04. Baytex Energy has a 1-year low of C$1.80 and a 1-year high of C$6.11. The company has a market cap of $1.06 billion and a PE ratio of -3.25.

Baytex Energy (TSE:BTE) (NYSE:BTE) last released its 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 for the quarter. Equities research analysts forecast that Baytex Energy will post 0.11 earnings per share for the current 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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