Baytex Energy (TSE:BTE) Rating Lowered to Hold at Atb Cap Markets

Baytex Energy (TSE:BTE) (NYSE:BTE) was downgraded by stock analysts at Atb Cap Markets from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

A number of other equities analysts have also commented on the company. BMO Capital Markets dropped their price objective on Baytex Energy from C$6.00 to C$5.50 in a research note on Wednesday, December 4th. ATB Capital lowered their price target on Baytex Energy from C$5.50 to C$5.20 in a research note on Wednesday, December 4th. Royal Bank of Canada lowered their price target on Baytex Energy from C$5.50 to C$5.00 in a research note on Tuesday, January 14th. CIBC lowered their price target on Baytex Energy from C$6.00 to C$5.00 in a research note on Friday, January 17th. Finally, Raymond James upgraded Baytex Energy to a “hold” rating in a research note on Thursday, October 17th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Baytex Energy has a consensus rating of “Moderate Buy” and an average price target of C$5.84.

Baytex Energy Price Performance

BTE opened at C$3.49 on Thursday. The stock has a market cap of C$2.81 billion, a price-to-earnings ratio of -5.06, a PEG ratio of 0.12 and a beta of 2.61. Baytex Energy has a 1 year low of C$3.15 and a 1 year high of C$5.55. The company has a current ratio of 0.72, a quick ratio of 0.77 and a debt-to-equity ratio of 62.33. The stock has a fifty day moving average price of C$3.71 and a 200 day moving average price of C$4.22.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its quarterly earnings results on Thursday, October 31st. The company reported C$0.23 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.04. Baytex Energy had a negative return on equity of 9.55% and a negative net margin of 11.92%. During the same period in the previous year, the company earned $0.15 earnings per share. Analysts forecast that Baytex Energy will post 0.3703367 EPS for the current fiscal year.

Insider Transactions at Baytex Energy

In other Baytex Energy news, Senior Officer Nicole Marie Frechette bought 8,200 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was bought at an average cost of C$3.67 per share, with a total value of C$30,094.00. 0.83% of the stock is owned by company insiders.

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.