Scotiabank Boosts Baytex Energy (OTCMKTS:BTEGF) Price Target to C$6.75

Baytex Energy (OTCMKTS:BTEGFGet Rating) had its price objective hoisted by investment analysts at Scotiabank from C$6.25 to C$6.75 in a report issued on Monday, The Fly reports.

Several other research firms have also commented on BTEGF. CIBC boosted their price objective on shares of Baytex Energy from C$7.00 to C$8.00 in a research report on Thursday. Stifel Nicolaus boosted their price objective on shares of Baytex Energy from C$4.75 to C$7.00 in a research report on Monday, February 28th. Zacks Investment Research lowered shares of Baytex Energy from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. National Bank Financial upgraded shares of Baytex Energy from a “sector perform” rating to an “outperform” rating in a research report on Thursday. Finally, National Bankshares upgraded shares of Baytex Energy to a “buy” rating and set a $8.75 price objective on the stock in a research report on Thursday. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Baytex Energy currently has a consensus rating of “Hold” and a consensus price target of $5.76.

Shares of OTCMKTS BTEGF traded up $0.40 during trading on Monday, hitting $5.05. 1,095,700 shares of the company were exchanged, compared to its average volume of 685,739. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 2.21 and a beta of 2.72. Baytex Energy has a 1 year low of $0.97 and a 1 year high of $5.15. The firm’s fifty day moving average price is $4.37 and its 200 day moving average price is $3.63. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.54 and a quick ratio of 0.54.

Baytex Energy (OTCMKTS:BTEGFGet Rating) last issued its earnings results on Thursday, February 24th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.09 by $0.69. The company had revenue of $438.25 million for the quarter. Baytex Energy had a net margin of 87.37% and a return on equity of 32.11%. On average, research analysts forecast that Baytex Energy will post 0.7 earnings per share for the current year.

About Baytex Energy (Get Rating)

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 Texas, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. Its principal oil and natural gas properties comprise the Eagle Ford property in Texas, Viking and Lloydminster properties in Alberta and Saskatchewan, Peace River and Duvernay properties in Alberta.

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