Raymond James upgraded shares of Baytex Energy (TSE:BTE) (NYSE:BTE) from a market perform rating to an outperform rating in a report published on Monday. The firm currently has C$4.75 price target on the stock.
A number of other brokerages have also weighed in on BTE. CSFB increased their target price on shares of Baytex Energy from C$5.50 to C$6.00 in a research report on Wednesday, July 11th. Canaccord Genuity increased their target price on shares of Baytex Energy from C$6.25 to C$7.00 in a research report on Tuesday, July 10th. National Bank Financial increased their target price on shares of Baytex Energy from C$5.25 to C$7.25 and gave the stock an outperform rating in a research report on Tuesday, July 24th. CIBC upgraded shares of Baytex Energy from a neutral rating to an outperform rating in a research report on Friday, August 24th. Finally, BMO Capital Markets cut their target price on shares of Baytex Energy from C$5.25 to C$4.75 in a research report on Tuesday, October 9th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of C$5.85.
Shares of TSE:BTE opened at C$2.75 on Monday. Baytex Energy has a twelve month low of C$2.49 and a twelve month high of C$6.23.
Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. It offers heavy oil, heavy gravity crude oil, bitumen, light oil, and natural gas liquids. Its primary oil resource plays include the Eagle Ford in Texas, and the Peace River Oil Sands and Lloydminster heavy oil projects in North America.
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