Baytex Energy Corp (NYSE:BTE) (TSE:BTE) has been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $5.00.

A number of research analysts recently commented on BTE shares. Zacks Investment Research downgraded Baytex Energy from a “buy” rating to a “hold” rating in a report on Monday, January 15th. AltaCorp Capital raised Baytex Energy to a “buy” rating and set a $5.75 price target for the company in a report on Monday, January 15th. ValuEngine downgraded Baytex Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Canaccord Genuity reaffirmed a “buy” rating and set a $4.25 target price on shares of Baytex Energy in a report on Thursday, November 2nd. Finally, GMP Securities raised Baytex Energy from a “hold” rating to a “buy” rating in a report on Monday, November 13th.

Large investors have recently added to or reduced their stakes in the business. ING Groep NV bought a new position in Baytex Energy during the 3rd quarter worth approximately $271,000. Aperio Group LLC lifted its holdings in Baytex Energy by 386.5% during the 4th quarter. Aperio Group LLC now owns 91,099 shares of the oil and gas producer’s stock worth $273,000 after buying an additional 72,373 shares during the last quarter. Bank of Nova Scotia lifted its holdings in Baytex Energy by 26.2% during the 2nd quarter. Bank of Nova Scotia now owns 104,076 shares of the oil and gas producer’s stock worth $253,000 after buying an additional 21,587 shares during the last quarter. Guardian Capital Advisors LP lifted its holdings in Baytex Energy by 6.8% during the 3rd quarter. Guardian Capital Advisors LP now owns 268,334 shares of the oil and gas producer’s stock worth $861,000 after buying an additional 17,002 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Baytex Energy by 39.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 269,268 shares of the oil and gas producer’s stock worth $808,000 after buying an additional 76,262 shares during the last quarter. 16.48% of the stock is currently owned by institutional investors.

Baytex Energy (NYSE BTE) opened at $2.52 on Friday. The company has a market capitalization of $591.06, a PE ratio of -1.97 and a beta of 3.34. Baytex Energy has a 1-year low of $2.13 and a 1-year high of $4.10. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.92.

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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.

Analyst Recommendations for Baytex Energy (NYSE:BTE)

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