Credit Suisse’s Analyst Provides Guidance for This Canadian Energy Stock

In a report released yesterday, Manav Gupta from Credit Suisse maintained a Hold rating on Baytex Energy (BTE), with a price target of C$0.60. The company’s shares closed last Friday at $0.30, close to its 52-week low of $0.19.

According to, Gupta is a 1-star analyst with an average return of -8.2% and a 51.1% success rate. Gupta covers the Utilities sector, focusing on stocks such as Paramount Resources, Marathon Petroleum, and Delek US Holdings.

Currently, the analyst consensus on Baytex Energy is a Hold with an average price target of $0.41, representing a 36.2% upside. In a report issued on May 8, Canaccord Genuity also maintained a Hold rating on the stock with a C$0.50 price target.

See today’s analyst top recommended stocks >>

Based on Baytex Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $337 million and GAAP net loss of $2.5 billion. In comparison, last year the company earned revenue of $453 million and had a net profit of $11.34 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. is an oil and gas exploration & production company, which engages in the acquisition, development and production of crude oil and natural gas. The company was founded on October 22, 2010 and is headquartered in Calgary, Canada.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts