Baytex Energy (BTE) was downgraded to a Hold Rating at Canaccord Genuity
In a report released today, from Canaccord Genuity downgraded Baytex Energy to a Hold, with a price target of C$4.75.
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Baytex Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$5.29.
BTE market cap is currently C$3.52B and has a P/E ratio of 16.26.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BTE in relation to earlier this year.
Read More on BTE:
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- Baytex Energy downgraded to Sector Perform from Outperform at RBC Capital
- Baytex Energy falls -8.9%
- Baytex Energy: Flexible Canadian Growth, Duvernay-Driven Upside, and Enhanced Shareholder Returns Support Buy Rating
- Baytex Energy Uses Eagle Ford Sale Proceeds to Eliminate Debt and Reshape Capital Structure
- Baytex provides 3-year outlook, expects 3%-5% annual production growth
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