Baytex Energy Corp (BTE) Given Average Rating of “Hold” by Analysts

Baytex Energy Corp (TSE:BTE) (NYSE:BTE) has received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$4.98.

BTE has been the topic of several recent analyst reports. Canaccord Genuity boosted their target price on shares of Baytex Energy Corp from C$3.50 to C$4.25 in a report on Wednesday, August 2nd. TD Securities upped their price objective on shares of Baytex Energy Corp from C$4.00 to C$4.25 and gave the company a “hold” rating in a report on Wednesday, August 2nd. AltaCorp Capital lowered shares of Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a report on Friday, October 6th. Barclays PLC lowered shares of Baytex Energy Corp from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from C$3.50 to C$2.50 in a report on Monday, October 30th. Finally, National Bank Financial upped their price objective on shares of Baytex Energy Corp from C$3.75 to C$4.25 and gave the company a “sector perform” rating in a report on Friday, November 3rd.

Baytex Energy Corp (BTE) traded up C$0.23 during mid-day trading on Friday, reaching C$3.90. 3,454,300 shares of the company traded hands, compared to its average volume of 3,300,670. Baytex Energy Corp has a 1-year low of C$2.76 and a 1-year high of C$7.35.

In other Baytex Energy Corp news, Director John Albert Brussa sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of C$3.48, for a total value of C$34,800.00.

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About Baytex Energy Corp

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 Corp (TSE:BTE)

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