Baytex Energy (TSE:BTE) PT Set at C$6.00 by BMO Capital Markets

Baytex Energy (TSE:BTE - Get Free Report) NYSE: BTE has been given a C$6.00 target price by equities research analysts at BMO Capital Markets in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a "market perform" rating on the stock. BMO Capital Markets' target price indicates a potential upside of 16.73% from the stock's current price.

A number of other analysts have also weighed in on the company. CIBC dropped their price objective on Baytex Energy from C$8.00 to C$6.00 and set a "neutral" rating for the company in a research note on Tuesday, January 16th. Royal Bank of Canada dropped their price objective on Baytex Energy from C$8.00 to C$7.00 and set an "outperform" rating for the company in a research note on Thursday, February 29th. TD Securities dropped their price objective on Baytex Energy from C$6.50 to C$6.00 and set a "buy" rating for the company in a research note on Thursday, February 29th. Stifel Nicolaus increased their price objective on Baytex Energy from C$6.00 to C$6.25 and gave the company a "buy" rating in a research note on Thursday, February 29th. Finally, Raymond James dropped their price objective on Baytex Energy from C$6.75 to C$5.00 and set a "market perform" rating for the company in a research note on Friday, January 19th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$6.40.

Baytex Energy Price Performance

TSE BTE traded down C$0.15 on Tuesday, reaching C$5.14. 4,732,637 shares of the company's stock traded hands, compared to its average volume of 4,278,701. Baytex Energy has a 12 month low of C$3.83 and a 12 month high of C$6.37. The company has a debt-to-equity ratio of 63.80, a current ratio of 0.79 and a quick ratio of 0.77. The stock has a 50-day simple moving average of C$4.55 and a 200 day simple moving average of C$4.88. The stock has a market cap of C$4.22 billion, a PE ratio of -15.58, a P/E/G ratio of 0.12 and a beta of 2.78.

Baytex Energy (TSE:BTE - Get Free Report) NYSE: BTE last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.25 EPS for the quarter, beating analysts' consensus estimates of C$0.13 by C$0.12. Baytex Energy had a negative net margin of 8.60% and a negative return on equity of 6.81%. The business had revenue of C$1.07 billion for the quarter. As a group, research analysts predict that Baytex Energy will post 0.7398601 earnings per share for the current year.

Insider Buying and Selling at Baytex Energy

In other Baytex Energy news, Director Tiffany Thom Cepak sold 40,000 shares of the firm's stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$3.55, for a total transaction of C$142,000.00. In related news, Senior Officer Eric Thomas Greager purchased 20,000 shares of Baytex Energy stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of C$4.25 per share, for a total transaction of C$85,000.00. Also, Director Tiffany Thom Cepak sold 40,000 shares of Baytex Energy stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$3.55, for a total value of C$142,000.00. Insiders own 0.73% 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.