National Bank Financial Increases Baytex Energy Corp (BTE) Price Target to C$4.25
Baytex Energy Corp (TSE:BTE) (NYSE:BTE) had its price objective hoisted by National Bank Financial from C$3.75 to C$4.25 in a report released on Friday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 8.97% from the stock’s current price.
Several other equities analysts also recently weighed in on the company. AltaCorp Capital downgraded Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 6th. 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. TD Securities raised their price objective on Baytex Energy Corp from C$4.00 to C$4.25 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Finally, Barclays PLC downgraded 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 research note on Monday, October 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$4.98.
Baytex Energy Corp (TSE BTE) traded up C$0.25 during midday trading on Friday, reaching C$3.90. The company had a trading volume of 5,360,000 shares, compared to its average volume of 2,420,000. Baytex Energy Corp has a 12-month low of C$2.76 and a 12-month high of C$7.35.
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In other Baytex Energy Corp news, Director John Albert Brussa sold 10,000 shares of the stock in a transaction 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.
Baytex Energy Corp Company Profile
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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