Baytex Energy Corp (BTE) Raised to Buy at GMP Securities
GMP Securities upgraded shares of Baytex Energy Corp (TSE:BTE) (NYSE:BTE) from a hold rating to a buy rating in a research report sent to investors on Monday morning. They currently have C$5.00 price target on the stock, up from their prior price target of C$4.00.
BTE has been the subject of several other reports. TD Securities boosted their target price on shares of Baytex Energy Corp from C$4.00 to C$4.25 and gave the stock a hold rating in a research report on Wednesday, August 2nd. Barclays PLC downgraded shares of Baytex Energy Corp from an equal weight rating to an underweight rating and decreased their target price for the stock from C$3.50 to C$2.50 in a research report on Monday, October 30th. AltaCorp Capital downgraded shares of Baytex Energy Corp from an outperform rating to a sector perform rating in a research report on Friday, October 6th. Raymond James Financial, Inc. boosted their target price on shares of Baytex Energy Corp from C$3.50 to C$4.00 and gave the stock an underperform rating in a research report on Friday, November 3rd. Finally, Royal Bank Of Canada boosted their target price on shares of Baytex Energy Corp from C$4.00 to C$4.50 and gave the stock a sector perform rating in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of C$4.98.
Shares of Baytex Energy Corp (TSE BTE) opened at C$3.75 on Monday. Baytex Energy Corp has a 1 year low of C$2.76 and a 1 year high of C$7.35.
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In related news, Director John Albert Brussa sold 10,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were 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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