Shares of Baytex Energy Corp (TSE:BTE) (NYSE:BTE) have received a consensus rating of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$6.03.
Several analysts recently weighed in on BTE shares. National Bank Financial lifted their price objective on shares of Baytex Energy from C$4.25 to C$5.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 9th. Eight Capital set a C$5.30 price objective on shares of Baytex Energy and gave the company a “neutral” rating in a research report on Thursday, January 11th. AltaCorp Capital upgraded shares of Baytex Energy from a “sector perform” rating to an “outperform” rating in a research report on Monday, January 15th. Barclays raised their target price on shares of Baytex Energy from C$2.50 to C$4.00 in a research note on Wednesday, January 17th. Finally, CIBC raised their target price on shares of Baytex Energy from C$4.00 to C$4.50 in a research note on Tuesday, January 23rd.
Shares of TSE:BTE opened at C$4.90 on Wednesday. Baytex Energy has a fifty-two week low of C$2.76 and a fifty-two week high of C$4.95.
Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its quarterly earnings data on Tuesday, March 6th. The company reported C($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.14) by C$0.07. The firm had revenue of C$302.19 million for the quarter. Baytex Energy had a negative net margin of 4.63% and a negative return on equity of 1.97%.
In other news, Director John Albert Brussa sold 30,000 shares of Baytex Energy stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of C$4.75, for a total value of C$142,500.00. Also, Director Mark Bly acquired 15,000 shares of the stock in a transaction dated Friday, January 26th. The stock was acquired at an average cost of C$3.40 per share, for a total transaction of C$51,000.00. In the last three months, insiders have sold 99,000 shares of company stock worth $407,100.
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About Baytex Energy
Baytex Energy Corp. (Baytex) is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). The Company’s crude oil and natural gas operations are organized into four business units: Lloydminster, Peace River, Conventional and United States.
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