Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) had its price target decreased by investment analysts at TD Securities from C$6.00 to C$5.50 in a research note issued on Tuesday, BayStreet.CA reports. TD Securities’ price target points to a potential upside of 30.64% from the stock’s previous close.
Several other equities analysts have also commented on the company. National Bankshares dropped their target price on Baytex Energy from C$8.00 to C$7.50 in a research note on Friday. Royal Bank of Canada dropped their target price on Baytex Energy from C$6.50 to C$5.50 in a research note on Tuesday, September 17th. Finally, Canaccord Genuity Group upped their target price on Baytex Energy from C$6.25 to C$6.50 in a research note on Friday, July 26th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.23.
Baytex Energy Price Performance
Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) last issued its quarterly earnings data on Thursday, July 25th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.16 by C($0.03). The company had revenue of C$1.13 billion during the quarter, compared to analysts’ expectations of C$1.04 billion. Baytex Energy had a negative net margin of 11.92% and a negative return on equity of 9.55%. As a group, equities analysts anticipate that Baytex Energy will post 0.3651203 earnings per share for the current fiscal year.
Insider Transactions at Baytex Energy
In related news, Senior Officer Chadwick Kalmakoff bought 12,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of C$4.18 per share, with a total value of C$50,160.00. Company insiders own 0.82% of the company’s stock.
Baytex Energy Company Profile
Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas.
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