Baytex Energy Corp (TSE:BTE) had its target price cut by CIBC from C$8.50 to C$6.00 in a research report issued to clients and investors on Monday. CIBC’s price target points to a potential upside of 24.22% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Royal Bank Of Canada decreased their target price on shares of Baytex Energy Corp from C$8.00 to C$7.00 in a research report on Friday, July 29th. Barclays PLC decreased their target price on shares of Baytex Energy Corp from C$9.00 to C$8.00 in a research report on Friday, July 29th. Desjardins set a C$8.00 target price on shares of Baytex Energy Corp in a research report on Tuesday, June 28th. Raymond James Financial Inc. set a C$7.50 target price on shares of Baytex Energy Corp in a research report on Monday, June 6th. Finally, RBC Capital Markets cut their price target on shares of Baytex Energy Corp from C$8.00 to C$7.00 in a report on Friday, July 29th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of C$7.21.

Shares of Baytex Energy Corp (TSE:BTE) opened at 4.83 on Monday. The company’s 50-day moving average price is $6.17 and its 200 day moving average price is $6.25. Baytex Energy Corp has a 52 week low of $1.57 and a 52 week high of $9.04. The firm’s market cap is $1.02 billion.

Baytex Energy Corp Company Profile

Baytex Energy Corp. is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). The Company’s crude oil and natural gas operations are organized into three business units: Lloydminster, Central and United States.

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