Baytex Energy Corp (BTE) PT Raised to C$4.25
Baytex Energy Corp (TSE:BTE) (NYSE:BTE) had its price target hoisted by research analysts at National Bank Financial from C$3.75 to C$4.25 in a note issued to investors on Friday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 8.97% from the company’s current price.
Other research analysts have also recently issued reports about the company. TD Securities increased their price target on Baytex Energy Corp from C$4.00 to C$4.25 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Barclays PLC lowered Baytex Energy Corp from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from C$3.50 to C$2.50 in a research report on Monday, October 30th. Canaccord Genuity raised their target price on Baytex Energy Corp from C$3.50 to C$4.25 in a research report on Wednesday, August 2nd. Finally, AltaCorp Capital lowered Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of C$4.98.
Baytex Energy Corp (TSE:BTE) opened at C$3.90 on Friday. Baytex Energy Corp has a 12 month low of C$2.76 and a 12 month high of C$7.35.
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In other Baytex Energy Corp news, Director John Albert Brussa sold 10,000 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of C$3.48, for a total transaction of C$34,800.00.
About Baytex Energy Corp
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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