Baytex Energy (TSE:BTE) (NYSE:BTE) had its price objective cut by Raymond James from C$0.50 to C$0.40 in a research note released on Wednesday morning, BayStreet.CA reports. They currently have an underperform rating on the stock.
BTE has been the topic of several other research reports. Eight Capital decreased their price target on Baytex Energy from C$1.00 to C$0.50 in a research note on Thursday, March 19th. Canaccord Genuity reduced their target price on Baytex Energy from C$4.50 to C$1.00 in a research note on Tuesday, March 10th. Laurentian reduced their target price on Baytex Energy from C$3.50 to C$3.00 in a research note on Wednesday, February 12th. Scotiabank lowered Baytex Energy from an outperform rating to a sector perform rating and reduced their target price for the company from C$3.25 to C$0.75 in a research note on Thursday, March 19th. Finally, CSFB lowered Baytex Energy from an outperform rating to a neutral rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company has an average rating of Hold and an average target price of C$1.70.
Shares of TSE:BTE traded down C$0.03 during trading on Wednesday, hitting C$0.34. 8,050,274 shares of the stock were exchanged, compared to its average volume of 6,016,313. The company has a fifty day moving average price of C$1.03 and a two-hundred day moving average price of C$1.55. The company has a market cap of $179.36 million and a PE ratio of -15.23. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 62.69. Baytex Energy has a 12-month low of C$0.29 and a 12-month high of C$3.13.
About Baytex Energy
Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company offers light oil, natural gas liquids, shale and natural gas, heavy gravity crude oil, bitumen, and heavy oil.
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