Baytex Energy Corp. (TSE:BTE) Receives C$7.38 Average Target Price from Analysts

Posted by on May 30th, 2023

Shares of Baytex Energy Corp. (TSE:BTE – Get Rating) (NYSE:BTE) have been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$7.38.

A number of analysts have recently commented on BTE shares. ATB Capital raised shares of Baytex Energy from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, March 1st. National Bank Financial boosted their target price on shares of Baytex Energy from C$7.75 to C$8.50 in a research note on Wednesday, March 1st. Raymond James lowered shares of Baytex Energy from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$8.00 to C$5.50 in a research report on Thursday, March 2nd. Stifel Nicolaus lowered their price target on shares of Baytex Energy from C$7.00 to C$6.25 in a research report on Monday, May 8th. Finally, National Bankshares boosted their price target on shares of Baytex Energy from C$7.75 to C$8.50 and gave the stock a “sector perform” rating in a research report on Wednesday, March 1st.

Insider Buying and Selling

In other Baytex Energy news, Senior Officer Kendall Douglas Arthur bought 10,000 shares of Baytex Energy stock in a transaction on Tuesday, March 7th. The shares were bought at an average cost of C$5.50 per share, for a total transaction of C$55,023.00. 1.17% of the stock is currently owned by corporate insiders.

Baytex Energy Stock Up 1.1 %

BTE opened at C$4.58 on Tuesday. The stock has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 2.95, a PEG ratio of 0.12 and a beta of 2.87. The company has a fifty day moving average of C$4.90 and a two-hundred day moving average of C$5.58. The company has a debt-to-equity ratio of 31.23, a quick ratio of 0.77 and a current ratio of 0.90. Baytex Energy has a fifty-two week low of C$4.18 and a fifty-two week high of C$9.16.

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 (TSE:BTE)

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