Shares of Baytex Energy Corp (TSE:BTE) (NYSE:BTE) were down 0.2% during trading on Friday . The company traded as low as C$4.02 and last traded at C$4.09. Approximately 3,265,379 shares changed hands during trading, an increase of 13% from the average daily volume of 2,886,319 shares. The stock had previously closed at C$4.10.
A number of analysts have commented on BTE shares. AltaCorp Capital cut shares of Baytex Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, October 6th. GMP Securities raised shares of Baytex Energy from a “hold” rating to a “buy” rating and upped their target price for the company from C$4.00 to C$5.00 in a report on Monday, November 13th. Raymond James Financial upped their target price on shares of Baytex Energy from C$3.50 to C$4.00 and gave the company an “underperform” rating in a report on Friday, November 3rd. Barclays cut shares of Baytex Energy from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from C$3.50 to C$2.50 in a report on Monday, October 30th. Finally, Royal Bank of Canada upped their target price on shares of Baytex Energy from C$4.00 to C$4.50 and gave the company a “sector perform” rating in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$4.68.
The stock has a market capitalization of $918.26, a PE ratio of -2.54 and a beta of 3.04.
Baytex Energy 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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