Baytex Energy Corp (BTE) Given New C$4.00 Price Target at Raymond James Financial, Inc.
Baytex Energy Corp (TSE:BTE) (NYSE:BTE) had its target price hoisted by equities researchers at Raymond James Financial, Inc. from C$3.50 to C$4.00 in a report released on Friday. The firm presently has an “underperform” rating on the stock. Raymond James Financial, Inc.’s price objective indicates a potential upside of 2.56% from the stock’s previous close.
A number of other research firms also recently commented on BTE. National Bank Financial lifted their target price on Baytex Energy Corp from C$3.75 to C$4.25 and gave the company a “sector perform” rating in a research report on Friday. Canaccord Genuity lifted their target price on Baytex Energy Corp from C$3.50 to C$4.25 in a research report on Wednesday, August 2nd. Royal Bank Of Canada lifted their target price on Baytex Energy Corp from C$4.00 to C$4.50 and gave the company a “sector perform” rating in a research report on Friday. AltaCorp Capital downgraded Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 6th. Finally, Barclays PLC downgraded Baytex Energy Corp from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from C$3.50 to C$2.50 in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Baytex Energy Corp has an average rating of “Hold” and an average target price of C$4.98.
Baytex Energy Corp (BTE) traded up C$0.25 during midday trading on Friday, reaching C$3.90. The company’s stock had a trading volume of 5,360,000 shares, compared to its average volume of 2,420,000. Baytex Energy Corp has a one year low of C$2.76 and a one year high of C$7.35.
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In related news, Director John Albert Brussa sold 10,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of C$3.48, for a total value of C$34,800.00.
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.
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