Baytex Energy (OTCMKTS:BTEGF) had its price objective boosted by stock analysts at Canaccord Genuity from $1.50 to $1.65 in a research note issued to investors on Monday, The Fly reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 27.91% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. Scotiabank lifted their price target on Baytex Energy from $1.60 to $1.75 and gave the company an “underperform” rating in a research note on Friday, April 30th. BMO Capital Markets boosted their price objective on Baytex Energy from $1.00 to $1.50 and gave the stock a “market perform” rating in a research note on Thursday, February 25th. CIBC boosted their price objective on Baytex Energy from $1.50 to $2.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 10th. Raymond James boosted their price objective on Baytex Energy from $1.75 to $2.25 and gave the stock an “outperform” rating in a research note on Friday, April 30th. Finally, Royal Bank of Canada boosted their price objective on Baytex Energy from $1.20 to $1.50 and gave the stock a “sector perform” rating in a research note on Friday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Baytex Energy has an average rating of “Hold” and a consensus price target of $1.79.
Shares of Baytex Energy stock opened at $1.29 on Monday. Baytex Energy has a twelve month low of $0.30 and a twelve month high of $1.31. The company has a 50-day simple moving average of $1.07.
Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. Its principal oil and natural gas properties include the Eagle Ford property in Texas, Viking and Lloydminster properties in Alberta and Saskatchewan, Peace River and Duvernay properties in Alberta.
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