Baytex Energy Corp (BTE) Receives C$4.98 Average Target Price from Brokerages
Baytex Energy Corp (TSE:BTE) (NYSE:BTE) has been assigned an average rating of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$4.98.
BTE has been the topic of several research analyst reports. Canaccord Genuity upped their price objective on Baytex Energy Corp from C$3.50 to C$4.25 in a research note on Wednesday, August 2nd. TD Securities upped their price objective 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. AltaCorp Capital downgraded Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 6th. Barclays PLC downgraded Baytex Energy Corp from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from C$3.50 to C$2.50 in a research note on Monday, October 30th. Finally, National Bank Financial upped their price objective 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, November 3rd.
Shares of Baytex Energy Corp (TSE:BTE) traded down C$0.08 during midday trading on Friday, hitting C$3.82. The stock had a trading volume of 4,405,271 shares, compared to its average volume of 3,311,883. Baytex Energy Corp has a 12-month low of C$2.76 and a 12-month high of C$7.35.
In other Baytex Energy Corp news, Director John Albert Brussa sold 10,000 shares of the 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.
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.
Receive News & Ratings for Baytex Energy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baytex Energy Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.