Baytex Energy Corp (BTE) Given New C$4.50 Price Target at Royal Bank Of Canada
Baytex Energy Corp (TSE:BTE) (NYSE:BTE) had its price target lifted by analysts at Royal Bank Of Canada from C$4.00 to C$4.50 in a research report issued on Friday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 15.38% from the company’s previous close.
Other analysts have also recently issued reports about the company. AltaCorp Capital cut Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 6th. Canaccord Genuity upped their target price on Baytex Energy Corp from C$3.50 to C$4.25 in a research report on Wednesday, August 2nd. Barclays PLC cut Baytex Energy Corp from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from C$3.50 to C$2.50 in a research report on Monday, October 30th. TD Securities upped their target price on Baytex Energy Corp from C$4.00 to C$4.25 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, National Bank Financial upped 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$4.98.
Baytex Energy Corp (TSE:BTE) traded up C$0.25 during trading hours on Friday, hitting C$3.90. The stock had a trading volume of 5,360,000 shares, compared to its average volume of 2,420,000. Baytex Energy Corp has a twelve month low of C$2.76 and a twelve month high of C$7.35.
In other Baytex Energy Corp news, Director John Albert Brussa sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of C$3.48, for a total transaction 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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