Baytex Energy (TSE:BTE) (NYSE:BTE) had its price objective dropped by stock analysts at Canaccord Genuity from C$7.00 to C$6.25 in a note issued to investors on Tuesday, June 19th. Canaccord Genuity’s price objective would suggest a potential upside of 43.02% from the stock’s previous close.
Several other equities analysts also recently issued reports on BTE. Raymond James upped their price objective on shares of Baytex Energy from C$4.50 to C$5.00 in a research note on Tuesday, May 22nd. CIBC increased their price target on shares of Baytex Energy from C$4.50 to C$7.00 in a research note on Friday, May 18th. Royal Bank of Canada increased their price objective on shares of Baytex Energy from C$6.00 to C$6.50 and gave the stock a “sector perform” rating in a research report on Monday, May 14th. Eight Capital raised their price target on shares of Baytex Energy from C$5.30 to C$8.50 in a report on Wednesday, May 16th. Finally, Desjardins raised their price target on shares of Baytex Energy to C$4.00 in a report on Monday, May 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Baytex Energy has a consensus rating of “Hold” and an average target price of C$5.58.
Baytex Energy opened at C$4.37 on Tuesday, Marketbeat Ratings reports. Baytex Energy has a fifty-two week low of C$2.76 and a fifty-two week high of C$6.23.
Baytex Energy (TSE:BTE) (NYSE:BTE) last released its quarterly earnings data on Thursday, May 3rd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.16) by C($0.11). Baytex Energy had a negative return on equity of 1.97% and a negative net margin of 4.63%. The firm had revenue of C$286.07 million for the quarter.
In other news, Director Trudy Marie Curran purchased 17,685 shares of the company’s stock in a transaction dated Thursday, June 21st. The shares were bought at an average price of C$4.22 per share, with a total value of C$74,630.70. Also, Director John Albert Brussa sold 25,000 shares of the business’s stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of C$4.00, for a total transaction of C$100,000.00. Over the last 90 days, insiders have purchased 131,185 shares of company stock valued at $480,076.
Baytex Energy Company Profile
Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. It offers heavy oil, heavy gravity crude oil, bitumen, light oil, and natural gas liquids. Its primary oil resource plays include the Eagle Ford in Texas, and the Peace River Oil Sands and Lloydminster heavy oil projects in North America.
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