In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Baytex Energy (BTE). Analyst Thomas Matthews from AltaCorp Captial reiterated a Buy rating, with a C$6.25 price target on December 17.
According to TipRanks.com, Matthews is ranked #4248 out of 5107 analysts.
Currently, the analyst consensus on Baytex Energy is a Strong Buy with an average price target of C$4.91, a 145.5% upside from current levels. In a report issued on December 17, TD Securities also maintained a Buy rating on the stock with a C$5 price target.
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Baytex Energy’s market cap is currently C$1.11B and has a P/E ratio of 0. The company has a Price to Book ratio of 0.35.
Baytex Energy Corp. engages in the acquisition, development, and production of crude oil and natural gas. It operates through the following segments: Canada, United States, and Corporate. The Canada segment explores, develops, and produces crude oil and natural gas in Western Canada.
The company’s shares closed on Tuesday at C$2, close to its 52-week low of C$1.98.
