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Baytex Energy Corp. (TSE: BTE) (NYSE: BTE) has been given a consensus recommendation to “Hold” from the eleven research companies that currently cover the company, reports MarketBeat.com. Six research analysts rated the stock with a keep recommendation and three gave the company a buy recommendation. The 12-month average price target among brokers who reported on the stock in the past year is C $ 2.26.
BTE has been the subject of a number of research analyst reports. BMO Capital Markets raised its price target on Baytex Energy from C $ 1.75 to C $ 2.75 and assigned the company a “na†rating in a report released on Monday, June 21. Scotiabank raised its target price on Baytex Energy shares from C $ 2.25 to C $ 2.75 in a research note on Thursday, July 15. Raymond James reaffirmed an “outperformance” rating and issued a price target of C $ 3.50 for Baytex Energy shares in a report released on Friday, September 3. Finally, CIBC reaffirmed a “hold†rating and set a price target of C $ 3.00 on Baytex Energy shares in a research report released Thursday, September 2.
Separately, director Mark Bly bought 25,000 shares of the company in a transaction that took place on Tuesday, August 3. The shares were purchased at an average price of C $ 2.27 per share, for a total transaction of C $ 56,760.00. Following the acquisition, the Director now directly owns 378,353 shares of the company, valued at approximately C $ 859,012.65. In addition, senior officer Edward David Lafehr bought 15,000 shares of the company in a trade on Thursday, September 9. The stock was purchased at an average price of C $ 2.28 per share, for a total transaction of C $ 34,200.00. Following the completion of the transaction, the insider now directly owns 1,142,561 shares of the company, valued at C $ 2,605,039.08.
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BTE opened at C $ 3.65 on Thursday. The company has a market capitalization of 2.06 billion Canadian dollars and a P / E ratio of 1.69. The company has a 50-day moving average of C $ 2.52 and a 200-day moving average of C $ 2.06. The company has a debt to equity ratio of 99.88, a quick ratio of 0.41, and a current ratio of 0.43. Baytex Energy has a 1-year low of C $ 0.39 and a 1-year high of C $ 3.87.
Baytex Energy (TSE: BTE) (NYSE: BTE) last released its quarterly results on Wednesday, July 28. The company reported EPS ($ 0.13) for the quarter, missing Zacks’ consensus estimate of C $ 0.07 by C $ 0.20. The company generated sales of C $ 442.35 million during the quarter. As a group, sell-side analysts expect Baytex Energy to post earnings per share of 0.5 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 at Eagle Ford, United States. The company offers light oil and condensates, heavy oil, natural gas liquids and natural gas. Its principal oil and gas properties include the Eagle Ford property in Texas, the Viking and Lloydminster properties in Alberta and Saskatchewan, the Peace River and Duvernay properties in Alberta.
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