Thu Sep 19 06:17:22 UTC 2024: ## Baytex Energy Stock Sees Mixed Analyst Opinions

**Calgary, Canada – September 19, 2024** – Baytex Energy Corp. (TSE:BTE, NYSE:BTE) is experiencing a mixed bag of analyst recommendations, with some lowering their price targets while others remain optimistic.

Royal Bank of Canada reduced its price target for Baytex Energy from C$6.50 to C$5.50, implying a potential upside of 30.02% from the company’s last closing price. However, Canaccord Genuity Group countered this by raising their price objective from C$6.25 to C$6.50.

Overall, four research analysts maintain a “hold” rating on the stock, while six recommend a “buy.” MarketBeat.com reports a “Moderate Buy” consensus rating with an average target price of C$6.25.

Despite the mixed analyst sentiments, Baytex Energy recently reported its quarterly earnings, revealing a missed earnings estimate. The company reported C$0.13 earnings per share for the quarter, falling short of the consensus estimate of C$0.16 by C$0.03. Revenue for the quarter reached C$1.13 billion, exceeding analyst expectations of C$1.04 billion.

In other news, Senior Officer Chadwick Kalmakoff purchased 12,000 shares of Baytex Energy stock at an average price of C$4.18 per share, totaling C$50,160.00. This demonstrates a continued belief in the company’s future prospects from within the company itself.

Baytex Energy is a Canadian energy company focused on acquiring, developing, and producing crude oil and natural gas in both Canada and the United States.

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