FY2023 EPS Estimates for Baytex Energy Corp. (TSE:BTE) Lifted by Stifel Firstegy

Baytex Energy Corp. (TSE:BTEGet Rating) (NYSE:BTE) – Stock analysts at Stifel Firstegy upped their FY2023 earnings per share (EPS) estimates for Baytex Energy in a note issued to investors on Thursday, April 21st. Stifel Firstegy analyst C. Kwong now forecasts that the company will post earnings per share of $1.12 for the year, up from their previous forecast of $1.11.

BTE has been the subject of a number of other research reports. CIBC upped their target price on Baytex Energy from C$7.00 to C$8.00 in a research report on Thursday, April 14th. Scotiabank upped their price target on Baytex Energy from C$4.50 to C$6.25 in a report on Tuesday, March 8th. National Bankshares upgraded Baytex Energy from a “sector perform” rating to a “buy” rating and upped their price target for the stock from C$6.50 to C$8.75 in a report on Thursday, April 14th. TD Securities upped their price target on Baytex Energy from C$4.75 to C$5.25 and gave the stock a “hold” rating in a report on Friday, February 25th. Finally, Raymond James upped their price target on Baytex Energy from C$6.50 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, March 25th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Baytex Energy has a consensus rating of “Hold” and a consensus price target of C$5.89.

Shares of Baytex Energy stock opened at C$6.53 on Monday. The stock has a market capitalization of C$3.72 billion and a P/E ratio of 2.32. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 62.74. The stock has a 50 day moving average price of C$5.70 and a two-hundred day moving average price of C$4.67. Baytex Energy has a 12-month low of C$1.23 and a 12-month high of C$7.15.

Baytex Energy (TSE:BTEGet Rating) (NYSE:BTE) last announced its earnings results on Thursday, February 24th. The company reported C$0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.87. The company had revenue of C$552.40 million for the quarter.

In related news, Senior Officer Brian Gordon Ector sold 45,000 shares of the company’s stock in a transaction on Friday, March 4th. The stock was sold at an average price of C$5.56, for a total value of C$250,200.00. Following the completion of the transaction, the insider now directly owns 174,733 shares in the company, valued at C$971,515.48.

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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