According to The Fly, rBC Capital analyst Gregory Pardy reiterated a Buy rating on Baytex Energy Corp (BTE) on November 2. The company’s shares closed yesterday at $2.21, close to its 52-week low of $1.90.
According to TipRanks.com, Pardy is a 3-star analyst with an average return of 0.9% and a 44.8% success rate. Pardy covers the Basic Materials sector, focusing on stocks such as Imperial Oil Limited, Cenovus Energy Inc, and Canadian Natural.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Baytex Energy Corp.
See today’s analyst top recommended stocks >>
Based on Baytex Energy Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $20.97 million. In comparison, last year the company had a GAAP net loss of $7.36 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
