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Baytex Energy (BTE) Stock Forecast & Price Target

C$5.07
-0.01 (-0.20%)
(As of 07/12/2024 ET)

Baytex Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

C$6.48
27.71% Upside
High ForecastC$7.75
Average ForecastC$6.48
Low ForecastC$5.00
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
7 Buy rating(s)
4 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$6.48C$6.48C$6.40C$7.37
Forecasted Upside27.71% Upside36.37% Upside41.69% Upside37.04% Upside
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BTE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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BTE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Baytex Energy Stock vs. The Competition

TypeBaytex EnergyEnergy Companies
Consensus Rating Score
2.60
2.69
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingPositive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/13/2024Royal Bank of Canada
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 Lower TargetOutperformC$7.00 ➝ C$6.50+39.19%
5/10/2024TD Securities
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 Boost TargetC$5.50 ➝ C$6.00+23.97%
4/23/2024Stifel Nicolaus
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 Boost TargetBuyC$6.25 ➝ C$7.00+35.66%
4/22/2024CIBC
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 Boost TargetNeutralC$6.00 ➝ C$6.50+28.71%
4/9/2024BMO Capital Markets
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 Set TargetMarket PerformC$6.00+16.05%
2/29/2024ATB Capital
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 Lower TargetOutperformC$6.50 ➝ C$6.00+38.25%
1/19/2024Raymond James
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 Lower TargetMarket PerformC$6.75 ➝ C$5.00+25.00%
1/10/2024National Bankshares
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 Lower TargetOutperformC$8.25 ➝ C$7.25+72.21%
12/7/2023Canaccord Genuity Group
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 Lower TargetBuyC$8.00 ➝ C$7.75+77.75%
10/16/2023Scotiabank
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 Boost TargetSector PerformC$6.00 ➝ C$6.75+13.83%
4/27/2023Atb Cap Markets
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A. Arif
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Reiterated RatingOutperform
3/1/2023National Bank Financial
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 Boost TargetC$7.75 ➝ C$8.50+55.11%
7/28/2022Standpoint Research
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 Lower TargetC$9.00 ➝ C$8.57+26.96%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:50 PM ET.

BTE Forecast - Frequently Asked Questions

What is Baytex Energy's forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Baytex Energy is C$6.48, with a high forecast of C$7.75 and a low forecast of C$5.00.

Should I buy or sell Baytex Energy stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Baytex Energy in the last twelve months. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BTE shares.

Does Baytex Energy's stock price have much upside?

According to analysts, Baytex Energy's stock has a predicted upside of 36.37% based on their 12-month stock forecasts.

What analysts cover Baytex Energy?

Baytex Energy has been rated by research analysts at CIBC, Royal Bank of Canada, Stifel Nicolaus, and TD Securities in the past 90 days.

Do Wall Street analysts like Baytex Energy more than its competitors?

Analysts like Baytex Energy less than other "energy" companies. The consensus rating score for Baytex Energy is 2.60 while the average consensus rating score for "energy" companies is 2.69. Learn more on how BTE compares to other companies.


This page (TSE:BTE) was last updated on 7/13/2024 by MarketBeat.com Staff

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