Baytex Energy (TSE:BTE) PT Lowered to C$0.50

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price objective trimmed by Raymond James from C$0.65 to C$0.50 in a research note released on Wednesday morning, BayStreet.CA reports. The brokerage currently has an underperform rating on the stock.

A number of other analysts have also recently commented on BTE. Eight Capital raised shares of Baytex Energy from a neutral rating to a buy rating in a research report on Friday, June 26th. National Bank Financial increased their price objective on shares of Baytex Energy from C$0.75 to C$0.90 and gave the stock a sector perform rating in a research report on Thursday, July 30th. Canaccord Genuity cut their price objective on shares of Baytex Energy from C$0.85 to C$0.65 in a research report on Tuesday, October 6th. Credit Suisse Group increased their price objective on shares of Baytex Energy from C$0.60 to C$0.70 in a research report on Tuesday, July 14th. Finally, ATB Capital increased their price objective on shares of Baytex Energy from C$0.55 to C$0.60 in a research report on Friday, July 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and an average target price of C$0.95.

Shares of BTE opened at C$0.45 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 441.13. The stock has a market capitalization of $249.73 million and a P/E ratio of -0.09. The firm’s fifty day simple moving average is C$0.54 and its two-hundred day simple moving average is C$0.55. Baytex Energy has a 12 month low of C$0.27 and a 12 month high of C$2.10.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.17) by C($0.08). The business had revenue of C$152.69 million for the quarter. As a group, research analysts predict that Baytex Energy will post -0.278617 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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