Baytex Energy Corp (BTE) Trading -2.1% Higher

Baytex Energy Corp (TSE:BTE) (NYSE:BTE) shares traded up 2.1% during trading on Friday . The company traded as high as C$3.83 and last traded at C$3.67. 2,628,453 shares traded hands during trading, a decline of 20% from the average session volume of 3,299,975 shares. The stock had previously closed at C$3.75.

A number of research analysts have commented on the stock. TD Securities raised their price target on shares of Baytex Energy Corp from C$4.00 to C$4.25 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Barclays PLC cut shares of Baytex Energy Corp from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from C$3.50 to C$2.50 in a research note on Monday, October 30th. AltaCorp Capital cut shares of Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 6th. Raymond James Financial, Inc. raised their price target on shares of Baytex Energy Corp from C$3.50 to C$4.00 and gave the stock an “underperform” rating in a research note on Friday, November 3rd. Finally, Royal Bank Of Canada raised their price objective on shares of Baytex Energy Corp from C$4.00 to C$4.50 and gave the stock a “sector perform” rating in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Baytex Energy Corp has an average rating of “Hold” and an average price target of C$4.98.

In related news, Director John Albert Brussa sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of C$3.48, for a total value of C$34,800.00.

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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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