BMO Capital Markets Lowers Baytex Energy (TSE:BTE) Price Target to C$4.00

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price objective reduced by investment analysts at BMO Capital Markets from C$5.00 to C$4.00 in a research report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 41.84% from the company’s current price.

Other analysts have also recently issued research reports about the company. Atb Cap Markets cut Baytex Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Royal Bank of Canada cut their price target on Baytex Energy from C$5.50 to C$5.00 in a research note on Tuesday, January 14th. CIBC cut their price target on Baytex Energy from C$6.00 to C$5.00 in a research note on Friday, January 17th. Finally, ATB Capital cut their price target on Baytex Energy from C$5.50 to C$5.20 in a research note on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$5.59.

Baytex Energy Price Performance

Shares of BTE stock opened at C$2.82 on Wednesday. The stock’s fifty day moving average is C$3.56 and its 200-day moving average is C$3.95. The company has a debt-to-equity ratio of 57.38, a quick ratio of 0.77 and a current ratio of 0.69. The stock has a market capitalization of C$2.23 billion, a PE ratio of -6.42, a PEG ratio of 0.12 and a beta of 2.61. Baytex Energy has a 52 week low of C$2.74 and a 52 week high of C$5.55.

Insider Buying and Selling at Baytex Energy

In related news, Senior Officer Nicole Marie Frechette bought 8,200 shares of the business’s stock in a transaction on Monday, December 9th. The shares were purchased at an average price of C$3.67 per share, with a total value of C$30,094.00. Insiders own 0.83% 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.