Baytex Energy (TSE:BTE) Downgraded to Hold Rating by Atb Cap Markets

Baytex Energy (TSE:BTE) (NYSE:BTE) was downgraded by Atb Cap Markets from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Raymond James upgraded shares of Baytex Energy to a “hold” rating in a research report on Thursday, October 17th. BMO Capital Markets decreased their price objective on shares of Baytex Energy from C$6.00 to C$5.50 in a research report on Wednesday, December 4th. ATB Capital decreased their price objective on shares of Baytex Energy from C$5.50 to C$5.20 in a research report on Wednesday, December 4th. Royal Bank of Canada decreased their price objective on shares of Baytex Energy from C$5.50 to C$5.00 in a research report on Tuesday, January 14th. Finally, CIBC decreased their price objective on shares of Baytex Energy from C$6.00 to C$5.00 in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$5.84.

Baytex Energy Price Performance

Shares of TSE:BTE opened at C$3.49 on Thursday. The stock has a market cap of C$2.81 billion, a PE ratio of -5.06, a PEG ratio of 0.12 and a beta of 2.61. The company’s fifty day moving average is C$3.71 and its 200 day moving average is C$4.22. Baytex Energy has a 52 week low of C$3.15 and a 52 week high of C$5.55. The company has a quick ratio of 0.77, a current ratio of 0.72 and a debt-to-equity ratio of 62.33.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its earnings results on Thursday, October 31st. The company reported C$0.23 EPS for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.04. Baytex Energy had a negative net margin of 11.92% and a negative return on equity of 9.55%. During the same period in the previous year, the firm posted $0.15 EPS. Research analysts anticipate that Baytex Energy will post 0.3703367 earnings per share for the current year.

Insider Buying and Selling

In other news, Senior Officer Nicole Marie Frechette bought 8,200 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was acquired at an average cost of C$3.67 per share, with a total value of C$30,094.00. 0.83% 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.