Baytex Energy Corp. (OTCMKTS:BTEGF) Given Average Recommendation of “Hold” by Analysts

Baytex Energy Corp. (OTCMKTS:BTEGFGet Rating) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $8.63.

A number of research analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of Baytex Energy from C$8.50 to C$9.00 in a research note on Friday, November 4th. Stifel Nicolaus lifted their price objective on shares of Baytex Energy from C$8.75 to C$9.00 in a research note on Monday, November 7th. TD Securities lifted their price objective on shares of Baytex Energy from C$7.50 to C$8.50 in a research note on Friday, November 4th. Royal Bank of Canada boosted their target price on shares of Baytex Energy from C$8.50 to C$9.00 in a research report on Monday, November 7th. Finally, National Bank Financial lowered shares of Baytex Energy from an “outperform” rating to a “sector perform” rating in a research report on Monday, November 7th.

Baytex Energy Stock Up 3.0 %

Shares of OTCMKTS:BTEGF opened at $5.58 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 0.81. Baytex Energy has a 1-year low of $2.40 and a 1-year high of $7.24. The company’s fifty day moving average is $4.94 and its two-hundred day moving average is $5.08. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 3.80 and a beta of 2.24.

Baytex Energy Company Profile

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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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Analyst Recommendations for Baytex Energy (OTCMKTS:BTEGF)

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