Baytex Energy (TSX: BTE), the Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Gregory Pardy from RBC Capital rated Baytex Energy (TSX: BTE) a Buy, setting a C$6 price target.
According to TipRanks.com, Pardy is ranked #1432 out of 4879 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Baytex Energy with a C$6.50 average price target.
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 net profit of C$9.27 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 Friday at C$3.56.
