Baytex Energy Corp. (NYSE:BTE)’s share price rose 5.3% on Thursday . The company traded as high as $4.80 and last traded at $4.76, with a volume of 2,100,688 shares traded. The stock had previously closed at $4.52.

BTE has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Baytex Energy Corp. from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research report on Friday, May 6th. CIBC reissued a “sector perform” rating and issued a $9.50 price target on shares of Baytex Energy Corp. in a report on Wednesday, June 15th. Canaccord Genuity began coverage on shares of Baytex Energy Corp. in a report on Thursday, July 14th. They issued a “buy” rating on the stock. Scotiabank reissued an “outperform” rating and issued a $8.75 price target on shares of Baytex Energy Corp. in a report on Friday, July 15th. Finally, TD Securities reissued a “hold” rating and issued a $7.50 price target on shares of Baytex Energy Corp. in a report on Wednesday. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.63.

The company has a 50-day moving average of $5.37 and a 200-day moving average of $4.17. The firm’s market cap is $987.90 million.

Baytex Energy Corp. (NYSE:BTE) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.31. The company earned $195.73 million during the quarter, compared to the consensus estimate of $195.99 million. The firm’s quarterly revenue was down 42.9% compared to the same quarter last year. On average, analysts predict that Baytex Energy Corp. will post ($0.47) EPS for the current fiscal year.

A hedge fund recently raised its stake in Baytex Energy Corp. stock. I.G. Investment Management LTD. increased its position in shares of Baytex Energy Corp. (NYSE:BTE) by 74.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,028,900 shares of the company’s stock after buying an additional 862,710 shares during the period. I.G. Investment Management LTD. owned about 0.96% of Baytex Energy Corp. worth $6,572,000 at the end of the most recent quarter.

Baytex Energy Corp. (Baytex), through its subsidiaries, is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (primarily in the provinces of Alberta and Saskatchewan) and in the United States (primarily in the state of Texas).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.