Canaccord Genuity Boosts Baytex Energy (OTCMKTS:BTEGF) Price Target to $1.65


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Baytex Energy (OTCMKTS:BTEGF) had its price target upped by Canaccord Genuity from $1.50 to $1.65 in a report released on Monday, The Fly reports. They currently have a hold rating on the stock.

BTEGF has been the subject of several other reports. TD Securities boosted their price objective on Baytex Energy from $1.50 to $1.65 and gave the stock a hold rating in a research note on Friday, April 30th. Scotiabank upped their price target on Baytex Energy from $1.60 to $1.75 and gave the company an underperform rating in a research report on Friday, April 30th. Raymond James upped their price target on Baytex Energy from $1.75 to $2.25 and gave the company an outperform rating in a research report on Friday, April 30th. BMO Capital Markets upped their price target on Baytex Energy from $1.00 to $1.50 and gave the company a market perform rating in a research report on Thursday, February 25th. Finally, National Bank Financial restated a sector perform rating on shares of Baytex Energy in a research report on Friday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Baytex Energy has a consensus rating of Hold and a consensus target price of $1.79.

OTCMKTS:BTEGF opened at $1.29 on Monday. Baytex Energy has a 12 month low of $0.30 and a 12 month high of $1.31. The business’s 50 day moving average price is $1.07.

About Baytex Energy

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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The Fly

Analyst Recommendations for Baytex Energy (OTCMKTS:BTEGF)

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