Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) was upgraded by research analysts at Raymond James to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.
BTE has been the topic of a number of other reports. Royal Bank of Canada reduced their target price on shares of Baytex Energy from C$6.50 to C$5.50 in a research report on Tuesday, September 17th. National Bankshares reduced their price objective on Baytex Energy from C$8.00 to C$7.50 in a report on Friday, September 27th. Canaccord Genuity Group upped their target price on Baytex Energy from C$6.25 to C$6.50 in a report on Friday, July 26th. Finally, TD Securities cut their price target on Baytex Energy from C$6.00 to C$5.50 in a research note on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$6.17.
Read Our Latest Research Report on BTE
Baytex Energy Stock Down 1.2 %
Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) last announced its earnings results on Thursday, July 25th. The company reported C$0.13 earnings per share for the quarter, missing the consensus estimate of C$0.16 by C($0.03). Baytex Energy had a negative net margin of 11.92% and a negative return on equity of 9.55%. The firm had revenue of C$1.13 billion during the quarter, compared to analysts’ expectations of C$1.04 billion.
Insider Activity at Baytex Energy
In other Baytex Energy news, Senior Officer Chadwick Kalmakoff purchased 12,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of C$4.18 per share, with a total value of C$50,160.00. 0.82% of the stock is currently owned by 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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