Baytex Energy Corp (BTE) Receives Average Recommendation of “Hold” from Analysts
Shares of Baytex Energy Corp (TSE:BTE) (NYSE:BTE) have earned a consensus rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$6.09.
Several analysts have weighed in on BTE shares. Canaccord Genuity upped their target price on Baytex Energy Corp from C$3.50 to C$4.25 in a report on Wednesday, August 2nd. TD Securities increased their target price on 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. Finally, BMO Capital Markets reiterated a “market perform” rating and set a C$3.50 target price on shares of Baytex Energy Corp in a research report on Tuesday, June 27th.
Shares of Baytex Energy Corp (TSE:BTE) traded down 0.79% during mid-day trading on Friday, hitting $3.76. 1,398,672 shares of the stock were exchanged. The stock has a 50-day moving average price of $3.25 and a 200 day moving average price of $3.78. The firm’s market cap is $885.29 million. Baytex Energy Corp has a 52-week low of $2.76 and a 52-week high of $7.35.
In related news, insider Brian Gordon Ector sold 17,500 shares of Baytex Energy Corp stock in a transaction on Tuesday, July 4th. The stock was sold at an average price of C$3.20, for a total value of C$56,000.00. Also, Director John Albert Brussa sold 10,000 shares of Baytex Energy Corp stock in a transaction on Thursday, September 14th. The stock was sold at an average price of C$3.48, for a total value of C$34,800.00. Over the last quarter, insiders have sold 157,285 shares of company stock worth $553,421.
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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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