TSX:BTEOil and Gas
A Look At Baytex Energy’s Valuation After TD Cowen Downgrade And Share Repurchase Focus
TD Cowen’s downgrade of Baytex Energy (TSX:BTE) from Buy to Hold after recent share price gains has turned attention to the company’s share repurchase program and its link to crude prices above $65.
See our latest analysis for Baytex Energy.
Baytex’s 90 day share price return of 45.43% and 30 day gain of 6.22% have added to the story around its $4.61 share price. A 24.12% one year total shareholder return contrasts with a weaker three year record and a very large five year total shareholder...