Baytex Energy Corp (BTE) Downgraded to “Sector Perform” at AltaCorp Capital

AltaCorp Capital cut shares of Baytex Energy Corp (TSE:BTE) (NYSE:BTE) from an outperform rating to a sector perform rating in a research report report published on Friday, October 6th.

Other analysts have also issued reports about the stock. Canaccord Genuity increased their price target on shares of Baytex Energy Corp from C$3.50 to C$4.25 in a research report on Wednesday, August 2nd. TD Securities increased 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 report on Wednesday, August 2nd. Finally, BMO Capital Markets reissued a market perform rating and issued a C$3.50 price target on shares of Baytex Energy Corp in a research report on Tuesday, June 27th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Baytex Energy Corp currently has an average rating of Hold and a consensus target price of C$6.09.

Baytex Energy Corp (TSE:BTE) opened at 3.40 on Friday. The company’s 50-day moving average is $3.44 and its 200-day moving average is $3.66. Baytex Energy Corp has a 52-week low of $2.76 and a 52-week high of $7.35. The firm’s market capitalization is $800.53 million.

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

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.

Analyst Recommendations for Baytex Energy Corp (TSE:BTE)

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