Baytex Energy (TSE:BTE) (NYSE:BTE) had its price target reduced by Royal Bank of Canada from C$3.50 to C$3.00 in a research note published on Thursday, BayStreet.CA reports.
A number of other research firms have also commented on BTE. Canaccord Genuity raised Nuvista Energy to a buy rating in a research note on Tuesday, April 9th. Raymond James reissued a hold rating on shares of PrairieSky Royalty in a research note on Thursday, July 11th. National Bank Financial dropped their price target on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research note on Tuesday, June 25th. Laurentian dropped their price target on Baytex Energy from C$5.50 to C$5.00 in a research note on Thursday, June 27th. Finally, GMP Securities reissued a buy rating and issued a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of C$3.88.
Baytex Energy stock opened at C$1.88 on Thursday. The business has a 50 day moving average of C$1.99. The company has a debt-to-equity ratio of 70.19, a quick ratio of 0.75 and a current ratio of 0.86. The firm has a market capitalization of $1.05 billion and a price-to-earnings ratio of -3.22. Baytex Energy has a one year low of C$1.74 and a one year high of C$6.10.
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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