CIBC Cuts Baytex Energy (TSE:BTE) Price Target to C$4.00

Baytex Energy (TSE:BTE) (NYSE:BTE) had its target price cut by CIBC from C$4.25 to C$4.00 in a report published on Thursday morning, BayStreet.CA reports.

Several other analysts have also issued reports on BTE. GMP Securities reissued a buy rating and set a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th. Raymond James reissued a hold rating on shares of PrairieSky Royalty in a report on Thursday, July 11th. CSFB reissued a neutral rating and set a C$32.00 price target on shares of Vermilion Energy in a report on Tuesday, July 16th. National Bank Financial cut their price target on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a report on Tuesday, June 25th. Finally, Royal Bank of Canada reissued a buy rating and set a $2.50 price target on shares of in a report on Thursday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of C$3.88.

Shares of BTE opened at C$1.88 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.86 and a debt-to-equity ratio of 70.19. Baytex Energy has a one year low of C$1.74 and a one year high of C$6.10. The company has a market capitalization of $1.05 billion and a price-to-earnings ratio of -3.22. The business has a fifty day moving average price of C$1.99.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$453.42 million during the quarter. On average, research analysts anticipate that Baytex Energy will post 0.11 earnings per share for the current fiscal year.

Baytex Energy Company Profile

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 Eagle Ford in the United States. The company offers light oil, natural gas liquids, shale and natural gas, heavy gravity crude oil, bitumen, and heavy oil.

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Analyst Recommendations for Baytex Energy (TSE:BTE)

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