Shares of Baytex Energy (BTE) were revisited by a Wall Street analyst today. BMO Capital’s analyst Randy Ollenberger reiterates their Hold rating on the shares, with a C$3.50 price target.
According to TipRanks.com, Ollenberger is a 1-star analyst with an average return of -1.2% and a 43.8% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Birchcliff Energy Ltd, Baytex Energy Corp, and Encana Corp.
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Baytex Energy has an analyst consensus of Strong Buy, with a price target consensus of C$5.56.
Baytex Energy’s market cap is currently C$634.3M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.33.
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 Monday at C$2.84, close to its 52-week low of C$2.49.
