Baytex Energy Corp (BTE) Price Target Cut to C$7.00
Baytex Energy Corp (TSE:BTE) had its price objective lowered by stock analysts at Barclays PLC from C$8.00 to C$7.00 in a note issued to investors on Tuesday. Barclays PLC’s price objective points to a potential upside of 24.56% from the stock’s previous close.
Several other equities analysts have also weighed in on the stock. FirstEnergy Capital upgraded shares of Baytex Energy Corp from a “market perform” rating to an “outperform” rating in a report on Thursday, August 4th. CIBC dropped their price target on shares of Baytex Energy Corp from C$8.50 to C$6.00 in a research note on Monday, September 19th. Scotiabank reaffirmed an “outperform” rating and set a C$8.75 price target on shares of Baytex Energy Corp in a research note on Thursday, July 14th. BMO Capital Markets raised shares of Baytex Energy Corp from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from C$6.00 to C$8.00 in a research note on Thursday, June 30th. Finally, Desjardins set a C$8.00 price target on shares of Baytex Energy Corp in a research note on Tuesday, June 28th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$7.13.
Shares of Baytex Energy Corp (TSE:BTE) traded up 1.07% during midday trading on Tuesday, hitting $5.68. 3,240,727 shares of the stock traded hands. The stock’s market cap is $1.20 billion. Baytex Energy Corp has a one year low of $1.57 and a one year high of $9.04. The firm has a 50-day moving average price of $5.77 and a 200 day moving average price of $6.28.
Baytex Energy Corp Company Profile
Baytex Energy Corp. 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 three business units: Lloydminster, Central and United States.
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