Baytex Energy Corp (BTE) Receives C$5.82 Average PT from Analysts
Shares of Baytex Energy Corp (TSE:BTE) (NYSE:BTE) have earned a consensus rating of “Buy” from the fifteen analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$5.82.
Several research analysts have recently issued reports on the company. CSFB lifted their price target on Baytex Energy from C$5.50 to C$6.00 in a research note on Wednesday, July 11th. Canaccord Genuity lifted their price target on Baytex Energy from C$6.25 to C$7.00 in a research note on Tuesday, July 10th. Desjardins raised Baytex Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, June 20th. Macquarie raised Baytex Energy from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 19th. Finally, Royal Bank of Canada raised Baytex Energy from a “sector perform” rating to an “outperform” rating and cut their price target for the stock from C$6.50 to C$6.00 in a research note on Tuesday, June 19th.
Baytex Energy stock opened at C$3.19 on Wednesday. Baytex Energy has a one year low of C$2.95 and a one year high of C$6.23.
Baytex Energy Company Profile
Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. It offers heavy oil, heavy gravity crude oil, bitumen, light oil, and natural gas liquids. Its primary oil resource plays include the Eagle Ford in Texas, and the Peace River Oil Sands and Lloydminster heavy oil projects in North America.
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