RBC Capital Keeps Their Hold Rating on Baytex Energy (BTE)

RBC Capital analyst Gregory Pardy maintained a Hold rating on Baytex Energy yesterday and set a price target of C$5.00. The company’s shares closed yesterday at C$5.43.

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According to TipRanks, Pardy is a 5-star analyst with an average return of 23.1% and a 65.25% success rate. Pardy covers the Energy sector, focusing on stocks such as Imperial Oil, Suncor Energy, and Athabasca Oil.

Baytex Energy has an analyst consensus of Hold, with a price target consensus of C$5.19.

Based on Baytex Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$927.65 million and a net profit of C$31.97 million. In comparison, last year the company earned a revenue of C$850.82 million and had a net profit of C$185.22 million

Based on the recent corporate insider activity of 19 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.