GMP Securities upgraded shares of Baytex Energy Corp (TSE:BTE) (NYSE:BTE) from a hold rating to a buy rating in a research note issued to investors on Monday. The brokerage currently has C$5.00 price objective on the stock, up from their previous price objective of C$4.00.
Several other analysts have also issued reports on the company. Royal Bank Of Canada upped their target price on Baytex Energy Corp from C$4.00 to C$4.50 and gave the stock a sector perform rating in a research note on Friday, November 3rd. AltaCorp Capital lowered 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 lowered their price objective for the company from C$3.50 to C$2.50 in a research report on Monday, October 30th. Canaccord Genuity boosted their price objective on Baytex Energy Corp from C$3.50 to C$4.25 in a research report on Wednesday, August 2nd. Finally, TD Securities boosted 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 report on Wednesday, August 2nd. 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’s stock. The stock currently has a consensus rating of Hold and a consensus price target of C$4.98.
Shares of Baytex Energy Corp (TSE:BTE) traded down C$0.17 on Monday, reaching C$4.03. The company’s stock had a trading volume of 2,582,345 shares, compared to its average volume of 3,298,156. 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 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 value 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.
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