Baytex Energy Corp (BTE) PT Raised to C$4.50 at Royal Bank Of Canada
Baytex Energy Corp (TSE:BTE) (NYSE:BTE) had its price objective upped by Royal Bank Of Canada from C$4.00 to C$4.50 in a report published on Friday. They currently have a sector perform rating on the stock.
Several other research firms also recently issued reports on BTE. National Bank Financial boosted their price target on Baytex Energy Corp from C$3.75 to C$4.25 and gave the company a sector perform rating in a research note on Friday. TD Securities boosted 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. Canaccord Genuity upped their target price on Baytex Energy Corp from C$3.50 to C$4.25 in a research report on Wednesday, August 2nd. AltaCorp Capital downgraded Baytex Energy Corp from an outperform rating to a sector perform rating in a research report on Friday, October 6th. Finally, Barclays PLC downgraded Baytex Energy Corp from an equal weight rating to an underweight rating and cut their target price for the company from C$3.50 to C$2.50 in a research report on Monday, October 30th. Two 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. The stock has a consensus rating of Hold and a consensus price target of C$4.98.
Shares of Baytex Energy Corp (TSE:BTE) opened at C$4.27 on Friday. Baytex Energy Corp has a one year low of C$2.76 and a one year high of C$7.35.
In other news, Director John Albert Brussa sold 10,000 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of C$3.48, for a total transaction of C$34,800.00.
Baytex Energy Corp Company Profile
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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