Baytex Energy Corp (TSE:BTE) had its target price decreased by Barclays from C$6.00 to C$2.50 in a research report report published on Wednesday morning, Analyst Ratings Net reports. Barclays currently has an equal weight rating on the stock.

Shares of Baytex Energy Corp (TSE:BTE) opened at 2.76 on Wednesday. The firm has a 50 day moving average price of $3.65 and a 200-day moving average price of $6.84. The firm’s market cap is $580.33 million. Baytex Energy Corp has a one year low of $1.57 and a one year high of $24.87.

A number of other equities analysts also recently weighed in on the company. Canaccord Genuity cut their target price on Baytex Energy Corp from C$8.50 to C$6.00 and set a buy rating on the stock in a research note on Tuesday, January 19th. CIBC cut their target price on Baytex Energy Corp from C$9.00 to C$6.50 in a research note on Thursday, January 14th. Raymond James cut their target price on Baytex Energy Corp from C$10.50 to C$7.00 in a research note on Tuesday, January 12th. FirstEnergy Capital cut their target price on Baytex Energy Corp from C$7.75 to C$5.75 in a research note on Monday, December 14th. Finally, RBC Capital restated a sector perform rating and issued a C$8.00 target price on shares of Baytex Energy Corp in a research note on Sunday, December 13th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Baytex Energy Corp has an average rating of Hold and a consensus target price of C$9.25.

In other news, insider Chadwick Kalmakoff purchased 14,000 shares of the firm’s stock in a transaction dated Friday, December 11th. The shares were purchased at an average price of C$3.95 per share, with a total value of C$55,300.00. Also, Director Ruston Ernest Tremayne Goepel purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, January 21st. The stock was purchased at an average cost of C$2.39 per share, for a total transaction of C$119,500.00.

Baytex Energy Corp. (TSE:BTE), through its subsidiaries, is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (primarily in the provinces of Alberta and Saskatchewan) and in the United States (primarily in the state of Texas). The Company’s crude oil and natural gas operations are organized into three business units: Central; Lloydminster; and United States. Each business unit has a portfolio of mineral leases, operated and non-operated properties and development prospects. The Company’s wholly owned subsidiaries include include Baytex Energy Ltd., which is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in Canada, and Baytex Energy USA, Inc., which is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in the United States.

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