Baytex Energy Corp (BTE) Price Target Increased to C$4.50 by Analysts at Royal Bank Of Canada

Baytex Energy Corp (TSE:BTE) (NYSE:BTE) had its price objective lifted by Royal Bank Of Canada from C$4.00 to C$4.50 in a research report released on Friday. The brokerage currently has a sector perform rating on the stock.

A number of other research analysts have also commented on BTE. National Bank Financial upped their price objective on shares of Baytex Energy Corp from C$3.75 to C$4.25 and gave the company a sector perform rating in a research report on Friday. Barclays PLC lowered shares of Baytex Energy Corp from an equal weight rating to an underweight rating and cut their price objective for the company from C$3.50 to C$2.50 in a research report on Monday, October 30th. TD Securities upped their price objective on shares of Baytex Energy Corp from C$4.00 to C$4.25 and gave the company a hold rating in a research report on Wednesday, August 2nd. Canaccord Genuity upped their price objective on shares of Baytex Energy Corp from C$3.50 to C$4.25 in a research report on Wednesday, August 2nd. Finally, AltaCorp Capital lowered shares of Baytex Energy Corp from an outperform rating to a sector perform rating in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Baytex Energy Corp presently has a consensus rating of Hold and a consensus target price of C$4.98.

Shares of Baytex Energy Corp (TSE BTE) traded up C$0.25 on Friday, hitting C$3.90. 5,360,000 shares of the stock were exchanged, compared to its average volume of 2,420,000. Baytex Energy Corp has a 1-year low of C$2.76 and a 1-year high of C$7.35.

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In related news, Director John Albert Brussa sold 10,000 shares of the stock in a transaction dated Thursday, September 14th. The shares were 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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