Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) had its price target upped by analysts at TD from C$6.00 to C$6.50 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s price objective would indicate a potential downside of 0.91% from the company’s previous close.
A number of other equities research analysts also recently commented on BTE. Canaccord Genuity Group upgraded Baytex Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from C$5.25 to C$7.00 in a report on Tuesday, April 14th. Scotiabank upped their price objective on Baytex Energy from C$5.25 to C$5.50 and gave the company an “outperform” rating in a report on Tuesday, January 20th. TD Securities upped their price objective on Baytex Energy from C$5.00 to C$5.50 and gave the company a “hold” rating in a report on Thursday, March 5th. ATB Cormark Capital Markets upped their price objective on Baytex Energy from C$7.00 to C$8.50 and gave the company a “sector perform” rating in a report on Friday. Finally, Scotia increased their price target on Baytex Energy from C$6.50 to C$7.50 and gave the stock a “sector outperform” rating in a report on Friday. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$7.00.
Check Out Our Latest Stock Report on BTE
Baytex Energy Price Performance
Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) last released its earnings results on Thursday, May 7th. The company reported C($0.09) earnings per share for the quarter. The firm had revenue of C$401.37 million for the quarter. Baytex Energy had a negative return on equity of 23.15% and a negative net margin of 83.88%. Sell-side analysts forecast that Baytex Energy will post 0.3703367 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Baytex Energy news, insider Chadwick Kalmakoff acquired 15,000 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were acquired at an average price of C$5.73 per share, for a total transaction of C$85,950.00. Following the acquisition, the insider directly owned 382,331 shares of the company’s stock, valued at approximately C$2,190,756.63. This trade represents a 4.08% increase in their position. Also, insider Chad Lundberg acquired 11,000 shares of Baytex Energy stock in a transaction dated Monday, March 30th. The shares were purchased at an average cost of C$6.15 per share, with a total value of C$67,650.00. Following the completion of the transaction, the insider directly owned 613,401 shares of the company’s stock, valued at C$3,772,416.15. This trade represents a 1.83% increase in their ownership of the stock. Over the last quarter, insiders have acquired 49,800 shares of company stock worth $293,188. Company insiders own 0.83% of the company’s stock.
About Baytex Energy
Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.
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