Baytex Energy Corp. (NYSE:BTE) shares were up 6.9% on Thursday . The stock traded as high as $5.15 and last traded at $5.11, with a volume of 1,997,797 shares traded. The stock had previously closed at $4.78.

Several research analysts have weighed in on BTE shares. Canaccord Genuity reiterated a “buy” rating on shares of Baytex Energy Corp. in a research report on Tuesday, May 3rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $7.00 price target (up from $6.00) on shares of Baytex Energy Corp. in a research report on Thursday, May 5th. TD Securities reiterated a “hold” rating and issued a $6.00 price target (up from $5.50) on shares of Baytex Energy Corp. in a research report on Friday, May 6th. Zacks Investment Research upgraded shares of Baytex Energy Corp. from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Friday, May 6th. Finally, CIBC reiterated a “sector perform” rating and issued a $9.50 price target on shares of Baytex Energy Corp. in a research report on Wednesday, June 15th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.19.

The firm’s 50-day moving average is $5.21 and its 200-day moving average is $4.30. The company’s market capitalization is $1.09 billion.

Baytex Energy Corp. (NYSE:BTE) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.10) by $0.31. The business had revenue of $195.73 million for the quarter, compared to analyst estimates of $195.99 million. The firm’s revenue was down 42.9% compared to the same quarter last year. Equities analysts predict that Baytex Energy Corp. will post ($0.60) EPS for the current fiscal year.

A hedge fund recently raised its stake in Baytex Energy Corp. stock. I.G. Investment Management LTD. raised its stake in shares of Baytex Energy Corp. (NYSE:BTE) by 74.0% during the fourth quarter, according to its most recent disclosure with the SEC. The firm 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 as of its most recent filing with the SEC.

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.