Baytex Energy (OTCMKTS:BTEGF) Given New C$8.00 Price Target at CIBC

Baytex Energy (OTCMKTS:BTEGF – Get Rating) had its price target cut by CIBC from C$8.50 to C$8.00 in a research report released on Tuesday morning, The Fly reports.

Several other brokerages also recently commented on BTEGF. BMO Capital Markets boosted their price objective on shares of Baytex Energy from C$8.50 to C$9.00 in a research report on Friday, November 4th. National Bank Financial lowered their price objective on shares of Baytex Energy from C$9.00 to C$7.75 in a research report on Wednesday, January 11th. Scotiabank lowered their price objective on shares of Baytex Energy from C$9.00 to C$8.00 in a research report on Tuesday. Royal Bank of Canada boosted their price objective on shares of Baytex Energy from C$8.50 to C$9.00 in a research report on Monday, November 7th. Finally, TD Securities lowered their price target on shares of Baytex Energy from C$8.50 to C$7.50 in a report on Thursday, December 8th.

Baytex Energy Stock Up 1.9 %

OTCMKTS BTEGF opened at $4.51 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. Baytex Energy has a 1-year low of $3.08 and a 1-year high of $7.24. The company has a 50 day moving average of $4.68 and a 200-day moving average of $4.83. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 3.01 and a beta of 2.16.

Baytex Energy (OTCMKTS:BTEGF – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. Baytex Energy had a net margin of 38.28% and a return on equity of 40.85%. The company had revenue of $545.89 million during the quarter. On average, equities research analysts expect that Baytex Energy will post 0.78 earnings per share for the current fiscal year.

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.