Trading Report: The Barclays PLC Cuts Baytex Energy Corp (BTE) Price Target to C$7.00

The Barclays PLC Cuts Baytex Energy Corp (BTE) Price Target to C$7.00

Baytex Energy Corp (TSE:BTE) had its price target decreased by Barclays PLC from C$8.00 to C$7.00 in a report issued on Tuesday.

Several other brokerages have also recently commented on BTE. FirstEnergy Capital upgraded shares of Baytex Energy Corp from a market perform rating to an outperform rating in a research report on Thursday, August 4th. CIBC dropped their price target on shares of Baytex Energy Corp from C$8.50 to C$6.00 in a research report on Monday, September 19th. Scotiabank reiterated an outperform rating and issued a C$8.75 price target on shares of Baytex Energy Corp in a research report on Thursday, July 14th. BMO Capital Markets upgraded shares of Baytex Energy Corp from an underperform rating to a market perform rating and boosted their price target for the stock from C$6.00 to C$8.00 in a research report on Thursday, June 30th. Finally, Desjardins set a C$8.00 price target on shares of Baytex Energy Corp in a research report on Tuesday, June 28th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Baytex Energy Corp has a consensus rating of Hold and an average price target of C$7.13.

Shares of Baytex Energy Corp (TSE:BTE) opened at 5.64 on Tuesday. The firm’s 50 day moving average is $5.64 and its 200 day moving average is $6.29. Baytex Energy Corp has a 1-year low of $1.57 and a 1-year high of $9.04. The firm’s market capitalization is $1.19 billion.

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