Baytex Energy Corp. (NYSE:BTE) fell 2.4% on Monday . The stock traded as low as $4.77 and last traded at $4.79, with a volume of 942,456 shares. The stock had previously closed at $4.91.

Several brokerages have weighed in on BTE. 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. Barclays PLC lowered their price target on Baytex Energy Corp. from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Friday, July 29th. Zacks Investment Research raised Baytex Energy Corp. from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a report on Friday, May 6th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $7.00 price target (up previously from $6.00) on shares of Baytex Energy Corp. in a report on Thursday, May 5th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $6.50 price target on shares of Baytex Energy Corp. in a report on Friday, July 29th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $7.53.

The stock’s 50-day moving average price is $5.11 and its 200 day moving average price is $4.53. The company’s market capitalization is $1.01 billion.

Baytex Energy Corp. (NYSE:BTE) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.31. The company earned $195.73 million during the quarter, compared to analysts’ expectations of $195.99 million. The firm’s revenue was down 42.9% compared to the same quarter last year. On average, 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. increased its stake in 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 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 0.96% of Baytex Energy Corp. worth $6,572,000 at the end of the most recent reporting period.

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).

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