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Stock analysts at Raymond James increased their price objective on shares of Baytex Energy Corp (TSE:BTE) from C$51.00 to C$58.00 in a report issued on Monday. Raymond James’ price target points to a potential upside of 19.39% from the company’s current price.

Baytex Energy Corp (TSE:BTE) opened at 48.58 on Monday. Baytex Energy Corp has a one year low of $38.66 and a one year high of $49.88. The stock’s 50-day moving average is $47.18 and its 200-day moving average is $43.94. The company has a market cap of $6.153 billion and a P/E ratio of 30.00.

Baytex Energy Corp (TSE:BTE) last announced its earnings results on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.51 by $0.12. Analysts expect that Baytex Energy Corp will post $2.54 EPS for the current fiscal year.

The company also recently announced a dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.2211 per share. The ex-dividend date is Thursday, June 26th.

A number of other analysts have also recently weighed in on BTE. Analysts at RBC Capital raised their price target on shares of Baytex Energy Corp from C$52.00 to C$53.00 in a research note on Wednesday, June 18th. They now have an “outperform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Baytex Energy Corp from C$50.00 to C$53.00 in a research note on Monday, April 14th. They now have an “overweight” rating on the stock. Finally, analysts at Macquarie downgraded shares of Baytex Energy Corp from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 9th. They now have a C$48.50 price target on the stock, up previously from C$47.00. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Baytex Energy Corp presently has a consensus rating of “Buy” and a consensus price target of C$53.63.

Baytex Energy Corp. (TSE:BTE), through its subsidiaries, are engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (in the provinces of British Columbia, Alberta and Saskatchewan) and in the United States (in the states of North Dakota and Wyoming).

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