Raymond James reissued their buy rating on shares of Baytex Energy (NYSE:BTE) (TSE:BTE) in a research report sent to investors on Thursday morning, AnalystRatings.com reports. Raymond James currently has a $3.00 price objective on the oil and gas producer’s stock.
BTE has been the topic of several other reports. Zacks Investment Research downgraded shares of EXACT Sciences from a hold rating to a sell rating in a research note on Tuesday, July 2nd. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $3.93.
Shares of NYSE BTE opened at $1.47 on Thursday. The firm has a 50-day moving average of $1.54. Baytex Energy has a 52-week low of $1.37 and a 52-week high of $3.52. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.70.
Baytex Energy (NYSE:BTE) (TSE:BTE) last announced its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). The company had revenue of $341.05 million during the quarter. Baytex Energy had a negative net margin of 15.71% and a positive return on equity of 1.17%. Research analysts predict that Baytex Energy will post 0.13 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. FMR LLC grew its stake in shares of Baytex Energy by 1.4% during the 1st quarter. FMR LLC now owns 7,163,497 shares of the oil and gas producer’s stock worth $12,168,000 after purchasing an additional 100,300 shares during the period. Nordea Investment Management AB grew its stake in shares of Baytex Energy by 3.7% during the 1st quarter. Nordea Investment Management AB now owns 1,668,947 shares of the oil and gas producer’s stock worth $3,789,000 after purchasing an additional 59,200 shares during the period. Evergreen Capital Management LLC acquired a new position in shares of Baytex Energy during the 1st quarter worth $55,000. Royce & Associates LP grew its stake in shares of Baytex Energy by 95.6% during the 1st quarter. Royce & Associates LP now owns 1,340,200 shares of the oil and gas producer’s stock worth $2,265,000 after purchasing an additional 655,000 shares during the period. Finally, Berman Capital Advisors LLC acquired a new position in shares of Baytex Energy during the 1st quarter worth $253,000. 20.18% of the stock is currently owned by hedge funds and other institutional investors.
Baytex Energy Company Profile
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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