Baytex Energy Corp (TSE:BTE) (NYSE:BTE) had its price target lifted by investment analysts at BMO Capital Markets from C$3.50 to C$4.00 in a research report issued on Friday. BMO Capital Markets’ price objective would indicate a potential upside of 2.56% from the company’s current price.

Several other brokerages have also recently issued reports on BTE. National Bank Financial raised their price objective on Baytex Energy Corp from C$3.75 to C$4.25 and gave the stock a “sector perform” rating in a research note on Friday. Raymond James Financial, Inc. raised their price objective on Baytex Energy Corp from C$3.50 to C$4.00 and gave the stock an “underperform” rating in a research note on Friday. Royal Bank Of Canada raised their price objective on Baytex Energy Corp from C$4.00 to C$4.50 and gave the stock a “sector perform” rating in a research note on Friday. TD Securities raised their price objective on Baytex Energy Corp from C$4.00 to C$4.25 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, Canaccord Genuity raised their price objective on Baytex Energy Corp from C$3.50 to C$4.25 in a research note on Wednesday, August 2nd. Two 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. Baytex Energy Corp currently has a consensus rating of “Hold” and an average price target of C$4.98.

Shares of 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 1 year low of C$2.76 and a 1 year high of C$7.35.

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In related news, Director John Albert Brussa sold 10,000 shares of Baytex Energy Corp 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.

Analyst Recommendations for Baytex Energy Corp (TSE:BTE)

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