In a report released today, Jeremy Mccrea from Raymond James maintained a Buy rating on Baytex Energy (BTEGF – Research Report), with a price target of C$8.00. The company’s shares closed last Friday at $4.43.
According to TipRanks, Mccrea is a 5-star analyst with an average return of 20.0% and a 56.06% success rate. Mccrea covers the Utilities sector, focusing on stocks such as Vermilion Energy, Kelt Exploration, and Spartan Delta.
The word on The Street in general, suggests a Hold analyst consensus rating for Baytex Energy with a $6.12 average price target.
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The company has a one-year high of $7.24 and a one-year low of $3.08. Currently, Baytex Energy has an average volume of 340.6K.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is neutral on the stock.
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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.
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