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Baytex Energy (BTE) Receives a Hold from BMO Capital


On October 8, an analyst has provided a rating update for the Materials sector company, Baytex Energy (TSX: BTE). Analyst Randy Ollenberger from BMO Capital remains neutral on the stock and has a C$4.75 price target.

According to TipRanks.com, Ollenberger is ranked #2236 out of 4897 analysts.

Baytex Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$6.08.

Based on Baytex Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$58.76 million. In comparison, last year the company had a GAAP net loss of C$9.23 million.

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 Thursday at C$3.36, close to its 52-week low of C$2.95.