Baytex Energy (OTCMKTS:BTEGF) Price Target Cut to C$7.75 by Analysts at National Bank Financial

Baytex Energy (OTCMKTS:BTEGF – Get Rating) had its target price trimmed by National Bank Financial from C$9.00 to C$7.75 in a research report released on Wednesday morning, The Fly reports.

BTEGF has been the topic of several other reports. Royal Bank of Canada upped their target price on shares of Baytex Energy from C$8.50 to C$9.00 in a research note on Monday, November 7th. TD Securities cut their target price on shares of Baytex Energy from C$8.50 to C$7.50 in a research note on Thursday, December 8th. Stifel Nicolaus increased their price objective on shares of Baytex Energy from C$8.75 to C$9.00 in a research report on Monday, November 7th. Finally, BMO Capital Markets increased their price objective on shares of Baytex Energy from C$8.50 to C$9.00 in a research report on Friday, November 4th.

Baytex Energy Price Performance

Shares of BTEGF opened at $4.30 on Wednesday. Baytex Energy has a fifty-two week low of $3.08 and a fifty-two week high of $7.24. The firm’s 50 day moving average price is $4.75 and its 200 day moving average price is $4.84. The company has a market cap of $2.34 billion, a P/E ratio of 2.93 and a beta of 2.16. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.40.

Baytex Energy (OTCMKTS:BTEGF – Get Rating) last announced its earnings results on Thursday, November 3rd. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.11. Baytex Energy had a net margin of 38.28% and a return on equity of 40.85%. The firm had revenue of $545.89 million for the quarter. On average, research analysts forecast that Baytex Energy will post 0.77 earnings per share for the current fiscal year.

About Baytex Energy

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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.