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Baytex Energy (BTE) Receives a Hold from ATB Cormark Capital Markets

Tipranks - Fri Mar 6, 7:18AM CST

ATB Cormark Capital Markets analyst Amir Arif 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, Arif is a 5-star analyst with an average return of 72.8% and a 38.46% success rate.

Baytex Energy has an analyst consensus of Hold, with a price target consensus of C$5.19, which is a -4.51% downside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a C$5.00 price target.

BTE market cap is currently C$4.06B and has a P/E ratio of 19.59.

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.

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