On August 24, an analyst has provided a rating update for the Materials sector company, Baytex Energy (TSX: BTE). The company received a Buy on August 24 from CIBC’s analyst David Popowich.
According to TipRanks.com, Popowich is ranked #1741 out of 4866 analysts.
Read also: Crude Oil: Sell Now, Buy Later
Currently, the analyst consensus on Baytex Energy is a Strong Buy with an average price target of C$6.07.
Baytex Energy’s market cap is currently C$1.02B and has a P/E ratio of 0. The company has a Price to Book ratio of 0.53.
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 Friday at C$4.32.
