Baytex Energy Corp (TSE:BTE) had its target price reduced by CIBC from C$8.50 to C$6.00 in a research report report published on Monday.

A number of other analysts have also recently issued reports on the company. Raymond James Financial Inc. set a C$7.50 price objective on Baytex Energy Corp in a research report on Monday, June 6th. FirstEnergy Capital upgraded Baytex Energy Corp from a market perform rating to an outperform rating in a research report on Thursday, August 4th. Scotiabank restated an outperform rating and set a C$8.75 price objective on shares of Baytex Energy Corp in a research report on Thursday, July 14th. Barclays PLC boosted their price objective on Baytex Energy Corp from C$6.00 to C$9.00 in a research report on Friday, July 22nd. Finally, BMO Capital Markets upgraded Baytex Energy Corp from an underperform rating to a market perform rating and boosted their price objective for the company from C$6.00 to C$8.00 in a research report on Thursday, June 30th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of C$7.21.

Baytex Energy Corp (TSE:BTE) opened at 5.11 on Monday. The company’s 50-day moving average price is $6.21 and its 200-day moving average price is $6.25. Baytex Energy Corp has a 12-month low of $1.57 and a 12-month high of $9.04. The firm’s market capitalization is $1.08 billion.

About Baytex Energy Corp

Baytex Energy Corp. 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 three business units: Lloydminster, Central and United States.

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