Baytex Energy (TSE:BTE) Given New C$5.20 Price Target at ATB Capital

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price objective dropped by ATB Capital from C$5.50 to C$5.20 in a report released on Wednesday,BayStreet.CA reports. ATB Capital’s price objective suggests a potential upside of 39.41% from the stock’s previous close.

A number of other analysts also recently issued reports on BTE. TD Securities decreased their price objective on shares of Baytex Energy from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Raymond James upgraded shares of Baytex Energy to a “hold” rating in a report on Thursday, October 17th. Canaccord Genuity Group decreased their price objective on shares of Baytex Energy from C$6.50 to C$6.00 in a report on Tuesday, October 22nd. National Bankshares cut their target price on shares of Baytex Energy from C$8.00 to C$7.50 in a research report on Friday, September 27th. Finally, Royal Bank of Canada cut their target price on shares of Baytex Energy from C$6.50 to C$5.50 in a research report on Tuesday, September 17th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Baytex Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.97.

Baytex Energy Stock Down 6.3 %

Shares of BTE stock traded down C$0.25 on Wednesday, hitting C$3.73. The stock had a trading volume of 11,901,907 shares, compared to its average volume of 4,687,645. The business has a 50 day moving average of C$4.14 and a 200 day moving average of C$4.53. The stock has a market cap of C$3.00 billion, a price-to-earnings ratio of -5.39, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61. The company has a debt-to-equity ratio of 62.33, a current ratio of 0.72 and a quick ratio of 0.77. Baytex Energy has a 12-month low of C$3.66 and a 12-month high of C$5.55.

Insider Activity at Baytex Energy

In other Baytex Energy news, Senior Officer Chadwick Kalmakoff purchased 12,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of C$4.18 per share, with a total value of C$50,160.00. 0.83% of the stock is currently owned by 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.