Baytex Energy Corp (TSE:BTE) (NYSE:BTE) shares traded down 0.2% during trading on Friday . The stock traded as low as C$4.02 and last traded at C$4.09. 3,265,379 shares were traded during trading, an increase of 13% from the average session volume of 2,886,319 shares. The stock had previously closed at C$4.10.

BTE has been the topic of a number of recent analyst reports. National Bank Financial boosted their price objective on Baytex Energy from C$3.75 to C$4.25 and gave the company a “sector perform” rating in a research note on Friday, November 3rd. BMO Capital Markets boosted their target price on Baytex Energy from C$3.50 to C$4.00 in a research report on Friday, November 3rd. Royal Bank of Canada boosted their target price on Baytex Energy from C$4.00 to C$4.50 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. Barclays lowered Baytex Energy from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from C$3.50 to C$2.50 in a research report on Monday, October 30th. Finally, GMP Securities raised Baytex Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from C$4.00 to C$5.00 in a research report on Monday, November 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$4.68.

The company has a market cap of $913.55, a price-to-earnings ratio of -2.41 and a beta of 3.04.

In related news, insider Murray Joseph Desrosiers sold 13,500 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of C$3.78, for a total value of C$51,030.00. Also, Director Mark Bly acquired 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average price of C$2.96 per share, for a total transaction of C$44,400.00.

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About Baytex Energy

Baytex Energy Corp. (Baytex) 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 four business units: Lloydminster, Peace River, Conventional and United States.

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