Baytex Energy Corp with ticker code (BTE) now have 6 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 6.58 and 4.02 with the average target price sitting at $5.61. Now with the previous closing price of $3.74 this would imply there is now a potential upside of 50.0%. Also worth taking note is the 50 day moving average now sits at $3.88 and the 200 moving average now moves to $4.57. The market cap for the company is $2,155m. Company Website: https://www.baytexenergy.com
The potential market cap would be $3,232m based on the market consensus.
Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. It holds interest in the Eagle Ford property in Texas; Viking and Lloydminster properties in Alberta and Saskatchewan; and Peace River and Duvernay properties in Alberta. Baytex Energy Corp. was founded in 1993 and is headquartered in Calgary, Canada.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 3.5, revenue per share of 4.17 and a 12.85% return on assets.
