Baytex Energy Corp (NYSE:BTE) (TSE:BTE) gapped up before the market opened on Thursday . The stock had previously closed at $3.14, but opened at $3.21. Baytex Energy shares last traded at $3.29, with a volume of 2981799 shares.
Several equities research analysts recently issued reports on BTE shares. Canaccord Genuity reaffirmed a “buy” rating and set a $4.25 price target on shares of Baytex Energy in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of Baytex Energy from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a research report on Tuesday, January 2nd. GMP Securities raised shares of Baytex Energy from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. AltaCorp Capital downgraded shares of Baytex Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 6th. Finally, ValuEngine downgraded shares of Baytex Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.75.
The company has a market cap of $773.30, a PE ratio of -2.55 and a beta of 3.42. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.74 and a quick ratio of 0.74.
Baytex Energy Company Profile
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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