National Bank Financial Boosts Baytex Energy Corp (BTE) Price Target to C$4.25
Baytex Energy Corp (TSE:BTE) (NYSE:BTE) had its price objective lifted by National Bank Financial from C$3.75 to C$4.25 in a research report released on Friday morning. They currently have a sector perform rating on the stock.
BTE has been the subject of a number of other reports. AltaCorp Capital downgraded Baytex Energy Corp from an outperform rating to a sector perform rating in a research report on Friday, October 6th. 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. Barclays PLC downgraded Baytex Energy Corp from an equal weight rating to an underweight rating and lowered their price objective for the stock from C$3.50 to C$2.50 in a research report on Monday, October 30th. Finally, TD Securities boosted their price objective on Baytex Energy Corp from C$4.00 to C$4.25 and gave the stock a hold rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of C$4.98.
Baytex Energy Corp (TSE BTE) opened at C$3.90 on Friday. Baytex Energy Corp has a 52-week low of C$2.76 and a 52-week high of C$7.35.
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In related news, Director John Albert Brussa sold 10,000 shares of the company’s stock in a transaction that occurred 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.
Baytex Energy Corp Company Profile
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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