Baytex Energy (TSE:BTE) Raised to Hold at Scotiabank

Baytex Energy (TSE:BTE) (NYSE:BTE) was upgraded by analysts at Scotiabank to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Atb Cap Markets downgraded Baytex Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. CIBC decreased their price objective on Baytex Energy from C$6.00 to C$5.00 in a research report on Friday, January 17th. TD Securities decreased their price objective on Baytex Energy from C$5.50 to C$5.00 in a research report on Wednesday, March 5th. ATB Capital decreased their price objective on Baytex Energy from C$5.50 to C$5.20 in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada decreased their price objective on Baytex Energy from C$5.50 to C$5.00 in a research report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Baytex Energy has an average rating of “Hold” and a consensus target price of C$5.59.

Baytex Energy Price Performance

TSE:BTE opened at C$3.14 on Wednesday. Baytex Energy has a 12 month low of C$2.74 and a 12 month high of C$5.55. The company has a current ratio of 0.69, a quick ratio of 0.77 and a debt-to-equity ratio of 57.38. The business’s 50-day moving average is C$3.40 and its 200 day moving average is C$3.83. The company has a market capitalization of C$2.48 billion, a P/E ratio of -7.15, a P/E/G ratio of 0.12 and a beta of 2.61.

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.