Shares of Baytex Energy Corp (TSE:BTE) (NYSE:BTE) have earned an average recommendation of “Buy” from the fifteen research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$5.82.
A number of analysts have recently issued reports on the company. Macquarie upgraded Baytex Energy from a “neutral” rating to an “outperform” rating in a report on Tuesday, June 19th. BMO Capital Markets decreased their target price on Baytex Energy from C$7.00 to C$5.25 in a report on Tuesday, June 19th. CSFB boosted their target price on Baytex Energy from C$4.50 to C$5.50 in a report on Tuesday, June 19th. TD Securities upgraded Baytex Energy from a “hold” rating to a “buy” rating and set a C$6.00 target price for the company in a report on Tuesday, June 19th. Finally, Canaccord Genuity decreased their target price on Baytex Energy from C$7.00 to C$6.25 in a report on Tuesday, June 19th.
Shares of TSE:BTE opened at C$3.19 on Wednesday. Baytex Energy has a 1 year low of C$2.95 and a 1 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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