Baytex Energy (BTE) has received a rating update from a Wall Street analyst today. Canaccord Genuity’s analyst Anthony Petrucci reiterates their Hold rating on the shares, with a C$6 price target.
According to TipRanks.com, Petrucci has currently no stars on a ranking scale of 0-5 stars, with an average return of -18.9% and a 24.3% success rate. Petrucci covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Frontera Energy Corporation, and Tamarack Valley Energy Ltd.
Currently, the analyst consensus on Baytex Energy is a Strong Buy with an average price target of C$4.32.
The company has a one-year high of C$6.23 and a one-year low of C$1.87. Currently, Baytex Energy has an average volume of 3.92M.
Baytex Energy Corp. is an oil and gas exploration & production company, which engages in the acquisition, development and production of crude oil and natural gas. The company was founded on October 22, 2010 and is headquartered in Calgary, Canada.
The company’s shares closed on Tuesday at C$2.45, close to its 52-week low of C$1.87.
