Scotiabank Boosts Baytex Energy (TSE:BTE) Price Target to C$4.00

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price objective upped by research analysts at Scotiabank from C$3.50 to C$4.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 22.32% from the stock’s current price.

Baytex Energy Stock Down 8.9%

Baytex Energy stock opened at C$3.27 on Thursday. The stock has a market cap of C$2.51 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 0.12 and a beta of 0.96. The company has a current ratio of 0.69, a quick ratio of 0.77 and a debt-to-equity ratio of 57.38. The company’s 50-day moving average price is C$3.14 and its two-hundred day moving average price is C$2.74. Baytex Energy has a 52 week low of C$1.91 and a 52 week high of C$4.47.

About Baytex Energy

Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.