Baytex Energy (TSE:BTE) Given Outperform Rating at Raymond James

Raymond James reissued their outperform rating on shares of Baytex Energy (TSE:BTE) (NYSE:BTE) in a research note issued to investors on Friday morning, BayStreet.CA reports. Raymond James currently has a C$3.00 target price on the stock.

Other equities analysts have also issued reports about the stock. Laurentian decreased their target price on shares of Baytex Energy from C$5.00 to C$4.50 in a report on Wednesday, July 24th. GMP Securities decreased their target price on shares of Baytex Energy from C$5.00 to C$4.00 in a report on Friday, June 28th. CIBC decreased their target price on shares of Baytex Energy from C$4.25 to C$4.00 in a report on Thursday, July 18th. Canaccord Genuity raised their target price on shares of Baytex Energy from C$4.50 to C$6.00 in a report on Tuesday, April 9th. Finally, Royal Bank of Canada decreased their target price on shares of Baytex Energy from C$3.50 to C$3.00 in a report on Thursday, July 18th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of C$3.83.

BTE stock opened at C$1.88 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.75 and a debt-to-equity ratio of 70.19. Baytex Energy has a 12 month low of C$1.74 and a 12 month high of C$4.50. The company has a market cap of $1.05 billion and a price-to-earnings ratio of -3.22. The firm has a 50-day moving average price of C$1.95.

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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