Baytex Energy Corp (TSE:BTE) (NYSE:BTE) was down 0.5% during trading on Tuesday . The company traded as low as C$4.18 and last traded at C$4.20. Approximately 3,597,107 shares changed hands during trading, an increase of 9% from the average daily volume of 3,298,156 shares. The stock had previously closed at C$4.18.
Several brokerages recently weighed in on BTE. Royal Bank Of Canada lifted their price target on Baytex Energy Corp from C$4.00 to C$4.50 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. AltaCorp Capital cut Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 6th. Barclays PLC cut Baytex Energy Corp from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from C$3.50 to C$2.50 in a research report on Monday, October 30th. Canaccord Genuity lifted their price target on Baytex Energy Corp from C$3.50 to C$4.25 in a research report on Wednesday, August 2nd. Finally, Raymond James Financial, Inc. lifted their price target on Baytex Energy Corp from C$3.50 to C$4.00 and gave the company an “underperform” rating in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$4.98.
In other news, Director John Albert Brussa sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of C$3.48, for a total transaction of C$34,800.00.
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Baytex Energy Corp Company Profile
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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