Baytex Energy Corp (BTE) Price Target Cut to C$7.00
Baytex Energy Corp (TSE:BTE) had its price objective cut by stock analysts at Barclays PLC from C$8.00 to C$7.00 in a note issued to investors on Tuesday. Barclays PLC’s price target suggests a potential upside of 24.56% from the stock’s current price.
Other analysts also recently issued reports about the stock. CIBC decreased their target price on shares of Baytex Energy Corp from C$8.50 to C$6.00 in a research report on Monday, September 19th. Desjardins set a C$8.00 target price on shares of Baytex Energy Corp in a research report on Tuesday, June 28th. RBC Capital Markets decreased their target price on shares of Baytex Energy Corp from C$8.00 to C$7.00 in a research report on Friday, July 29th. Royal Bank Of Canada decreased their target price on shares of Baytex Energy Corp from C$8.00 to C$7.00 in a research report on Friday, July 29th. Finally, TD Securities reissued a “hold” rating and issued a C$7.50 target price on shares of Baytex Energy Corp in a research report on Tuesday, August 2nd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$7.13.
Shares of Baytex Energy Corp (TSE:BTE) traded up 1.07% during midday trading on Tuesday, hitting $5.68. 3,240,727 shares of the company were exchanged. The stock’s market cap is $1.20 billion. Baytex Energy Corp has a one year low of $1.57 and a one year high of $9.04. The stock’s 50-day moving average is $5.77 and its 200-day moving average is $6.28.
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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