Baytex Energy (TSE:BTE) (NYSE:BTE) had its price objective cut by BMO Capital Markets from C$4.75 to C$3.50 in a research report report published on Monday morning.
A number of other research firms have also recently commented on BTE. CSFB boosted their target price on shares of Baytex Energy from C$5.50 to C$6.00 in a research note on Wednesday, July 11th. Canaccord Genuity boosted their target price on shares of Baytex Energy from C$6.25 to C$7.00 in a research note on Tuesday, July 10th. National Bank Financial boosted 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 note on Tuesday, July 24th. CIBC raised shares of Baytex Energy from a neutral rating to an outperform rating in a research note on Friday, August 24th. Finally, Raymond James raised shares of Baytex Energy from an underperform rating to a market perform rating and cut their target price for the stock from C$5.00 to C$4.75 in a research note on Thursday, August 23rd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of C$5.85.
BTE stock opened at C$2.90 on Monday. Baytex Energy has a 52 week low of C$2.49 and a 52 week high of C$6.23.
About Baytex Energy
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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