Baytex Energy’s (BTE) “Hold” Rating Reaffirmed at Tudor Pickering

Tudor Pickering reissued their hold rating on shares of Baytex Energy (TSE:BTE) (NYSE:BTE) in a research note issued to investors on Tuesday, Stock Target Advisor reports. They currently have a C$2.25 price objective on the stock.

Other equities research analysts have also recently issued research reports about the company. Tudor Pickering & Holt set a C$2.25 price objective on Baytex Energy and gave the stock a hold rating in a research note on Tuesday. Raymond James set a C$2.00 target price on shares of Baytex Energy and gave the company a market perform rating in a research note on Tuesday. CSFB decreased their target price on shares of Baytex Energy from C$3.50 to C$3.00 and set an outperform rating for the company in a research note on Friday, December 6th. Royal Bank of Canada lowered their target price on shares of Baytex Energy from C$3.00 to C$2.50 in a report on Friday, October 18th. Finally, CIBC dropped their price target on shares of Baytex Energy from C$4.00 to C$3.00 in a research report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Baytex Energy presently has an average rating of Buy and an average price target of C$3.29.

BTE opened at C$1.53 on Tuesday. Baytex Energy has a 52-week low of C$1.33 and a 52-week high of C$3.13. The firm has a market capitalization of $960.28 million and a PE ratio of -6.71. The company has a debt-to-equity ratio of 62.22, a quick ratio of 0.79 and a current ratio of 0.99. The business’s 50-day simple moving average is C$1.77 and its 200 day simple moving average is C$1.77.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its quarterly earnings results on Friday, November 1st. The company reported C$0.03 earnings per share for the quarter. The company had revenue of C$424.60 million during the quarter. On average, research analysts forecast that Baytex Energy will post 0.02 earnings per share for the current year.

In other Baytex Energy news, Director Trudy Marie Curran purchased 29,240 shares of the stock in a transaction on Tuesday, December 24th. The shares were purchased at an average price of C$1.80 per share, with a total value of C$52,632.00. Following the completion of the transaction, the director now directly owns 158,219 shares in the company, valued at C$284,794.20.

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.

Further Reading: Initial Coin Offering (ICO)

Analyst Recommendations for Baytex Energy (TSE:BTE)

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