Baytex Energy (BTE) Downgraded by ValuEngine to “Strong Sell”
ValuEngine downgraded shares of Baytex Energy (NYSE:BTE) (TSE:BTE) from a sell rating to a strong sell rating in a report released on Thursday morning.
A number of other research firms have also commented on BTE. Zacks Investment Research lowered shares of Baytex Energy from a buy rating to a hold rating in a research note on Monday, January 15th. AltaCorp Capital raised shares of Baytex Energy to a buy rating and set a $5.75 price objective for the company in a research note on Monday, January 15th. GMP Securities raised shares of Baytex Energy from a hold rating to a buy rating in a research note on Monday, November 13th. Finally, Canaccord Genuity reissued a buy rating and set a $4.25 target price on shares of Baytex Energy in a research note on Thursday, November 2nd. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Baytex Energy presently has an average rating of Hold and an average price target of $4.42.
Baytex Energy (BTE) traded up $0.06 during trading on Thursday, reaching $2.50. 1,154,625 shares of the company were exchanged, compared to its average volume of 1,643,914. Baytex Energy has a 1 year low of $2.13 and a 1 year high of $3.88. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.92. The firm has a market cap of $588.75, a price-to-earnings ratio of -2.08 and a beta of 3.32.
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About Baytex Energy
Baytex Energy Corp. (Baytex) is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). The Company’s crude oil and natural gas operations are organized into four business units: Lloydminster, Peace River, Conventional and United States.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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