Baytex Energy Corp (TSE:BTE) (NYSE:BTE) has been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$6.15.
Several analysts have issued reports on BTE shares. AltaCorp Capital downgraded Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a report on Friday, October 6th. Canaccord Genuity boosted their price objective on Baytex Energy Corp from C$3.50 to C$4.25 in a report on Wednesday, August 2nd. Finally, TD Securities boosted their price objective on Baytex Energy Corp from C$4.00 to C$4.25 and gave the stock a “hold” rating in a report on Wednesday, August 2nd.
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Shares of Baytex Energy Corp (TSE:BTE) traded up 7.67% during midday trading on Wednesday, hitting $3.23. 4,339,306 shares of the stock were exchanged. The stock’s 50-day moving average price is $3.45 and its 200 day moving average price is $3.58. Baytex Energy Corp has a one year low of $2.76 and a one year high of $7.35. The stock’s market cap is $760.50 million.
In other news, Director John Albert Brussa sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of C$3.48, for a total value of C$34,800.00.
About Baytex Energy Corp
Baytex Energy Corp. (Baytex) 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 four business units: Lloydminster, Peace River, Conventional and United States.
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