Baytex Energy (BTE) Given New C$5.00 Price Target at National Bank Financial

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price target raised by National Bank Financial from C$4.25 to C$5.00 in a research report report published on Tuesday. National Bank Financial currently has a sector perform rating on the stock.

A number of other research firms have also recently commented on BTE. GMP Securities raised Baytex Energy from a hold rating to a buy rating and raised their price target for the company from C$4.00 to C$5.00 in a report on Monday, November 13th. BMO Capital Markets raised their price target on Baytex Energy from C$3.50 to C$4.00 in a report on Friday, November 3rd. Royal Bank of Canada raised their price target on Baytex Energy from C$4.00 to C$4.50 and gave the company a sector perform rating in a report on Friday, November 3rd. Raymond James Financial raised their price target on Baytex Energy from C$3.50 to C$4.00 and gave the company an underperform rating in a report on Friday, November 3rd. Finally, AltaCorp Capital cut Baytex Energy from an outperform rating to a sector perform rating in a report on Friday, October 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of C$4.80.

Shares of Baytex Energy (TSE BTE) opened at C$4.16 on Tuesday. The company has a market capitalization of $979.47, a PE ratio of -2.58 and a beta of 3.04. Baytex Energy has a twelve month low of C$2.76 and a twelve month high of C$5.97.

In other news, insider Murray Joseph Desrosiers sold 13,500 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of C$3.78, for a total transaction of C$51,030.00. Also, Director Mark Bly acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were purchased at an average price of C$2.96 per share, with a total value of C$44,400.00.

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About Baytex Energy

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.

Analyst Recommendations for Baytex Energy (TSE:BTE)

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