TD Securities Has Lowered Expectations for Baytex Energy (TSE:BTE) Stock Price

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price target decreased by investment analysts at TD Securities from C$5.50 to C$5.00 in a research report issued on Wednesday,BayStreet.CA reports. TD Securities’ price objective suggests a potential upside of 77.30% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Atb Cap Markets lowered Baytex Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. ATB Capital decreased their price target on Baytex Energy from C$5.50 to C$5.20 in a research note on Wednesday, December 4th. BMO Capital Markets decreased their price target on Baytex Energy from C$5.00 to C$4.00 in a research note on Wednesday. Royal Bank of Canada decreased their price target on Baytex Energy from C$5.50 to C$5.00 in a research note on Tuesday, January 14th. Finally, CIBC reduced their price objective on Baytex Energy from C$6.00 to C$5.00 in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$5.59.

Baytex Energy Trading Down 1.1 %

Shares of BTE opened at C$2.82 on Wednesday. Baytex Energy has a 52-week low of C$2.74 and a 52-week high of C$5.55. The business’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 firm has a market cap of C$2.23 billion, a price-to-earnings ratio of -6.42, a PEG ratio of 0.12 and a beta of 2.61.

Insiders Place Their Bets

In related news, Senior Officer Nicole Marie Frechette bought 8,200 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were bought at an average price of C$3.67 per share, for a total transaction of C$30,094.00. Corporate insiders own 0.83% of the company’s stock.

About Baytex Energy

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.