ATB Capital Lowers Baytex Energy (TSE:BTE) Price Target to C$5.20

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price objective lowered by analysts at ATB Capital from C$5.50 to C$5.20 in a research note issued on Wednesday,BayStreet.CA reports. ATB Capital’s price objective indicates a potential upside of 37.57% from the stock’s current price.

Other research analysts have also issued reports about the company. BMO Capital Markets reduced their target price on Baytex Energy from C$6.00 to C$5.50 in a research report on Wednesday. Canaccord Genuity Group dropped their price target on Baytex Energy from C$6.50 to C$6.00 in a research note on Tuesday, October 22nd. TD Securities decreased their price objective on shares of Baytex Energy from C$6.00 to C$5.50 in a research report on Tuesday, October 1st. Royal Bank of Canada lowered their price objective on shares of Baytex Energy from C$6.50 to C$5.50 in a research note on Tuesday, September 17th. Finally, National Bankshares reduced their price objective on Baytex Energy from C$8.00 to C$7.50 in a research note on Friday, September 27th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$5.97.

Baytex Energy Price Performance

TSE BTE opened at C$3.78 on Wednesday. The firm’s fifty day simple moving average is C$4.12 and its two-hundred day simple moving average is C$4.51. The firm has a market capitalization of C$3.04 billion, a P/E ratio of -5.48, a P/E/G ratio of 0.12 and a beta of 2.61. The company has a current ratio of 0.72, a quick ratio of 0.77 and a debt-to-equity ratio of 62.33. Baytex Energy has a 12-month low of C$3.66 and a 12-month high of C$5.55.

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.