Baytex Energy (OTCMKTS:BTEGF) Price Target Increased to C$8.50 by Analysts at BMO Capital Markets

Baytex Energy (OTCMKTS:BTEGFGet Rating) had its price target upped by BMO Capital Markets from C$8.00 to C$8.50 in a research report report published on Friday morning, The Fly reports.

A number of other equities research analysts have also recently issued reports on the company. Scotiabank boosted their price objective on Baytex Energy from C$6.25 to C$6.75 in a research note on Monday, April 18th. National Bankshares upgraded Baytex Energy to a buy rating and set a $8.75 price target on the stock in a research report on Thursday, April 14th. Zacks Investment Research cut Baytex Energy from a buy rating to a hold rating in a research report on Friday, April 8th. National Bank Financial upped their price target on Baytex Energy from C$8.75 to C$9.50 in a research report on Friday. Finally, Stifel Nicolaus upped their price target on Baytex Energy from C$4.75 to C$7.00 in a research report on Monday, February 28th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $6.60.

Shares of Baytex Energy stock opened at $5.13 on Friday. Baytex Energy has a 52-week low of $1.17 and a 52-week high of $5.71. The stock’s 50-day simple moving average is $4.64 and its 200 day simple moving average is $3.78. The stock has a market capitalization of $2.92 billion, a P/E ratio of 7.96 and a beta of 2.72. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.54 and a current ratio of 0.54.

Baytex Energy (OTCMKTS:BTEGFGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.69. Baytex Energy had a return on equity of 32.11% and a net margin of 87.37%. The business had revenue of $438.25 million for the quarter. Equities research analysts forecast that Baytex Energy will post 0.72 EPS for the current fiscal 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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