Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) had its price objective cut by equities research analysts at National Bankshares from C$8.00 to C$7.50 in a report issued on Friday, BayStreet.CA reports. National Bankshares’ target price would indicate a potential upside of 90.84% from the stock’s previous close.
Several other equities analysts have also recently commented on BTE. Royal Bank of Canada reduced their price target on shares of Baytex Energy from C$6.50 to C$5.50 in a research report on Tuesday, September 17th. Canaccord Genuity Group boosted their price target on Baytex Energy from C$6.25 to C$6.50 in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$6.28.
View Our Latest Stock Report on Baytex Energy
Baytex Energy Stock Up 1.8 %
Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) last released its earnings results on Thursday, July 25th. The company reported C$0.13 EPS for the quarter, missing the consensus estimate of C$0.16 by C($0.03). The business had revenue of C$1.13 billion for the quarter, compared to analysts’ expectations of C$1.04 billion. Baytex Energy had a negative net margin of 11.92% and a negative return on equity of 9.55%. On average, research analysts predict that Baytex Energy will post 0.3651203 earnings per share for the current year.
Insider Activity
In other news, Senior Officer Chadwick Kalmakoff purchased 12,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of C$4.18 per share, for a total transaction of C$50,160.00. 0.82% of the stock is currently owned by corporate 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.
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