Baytex Energy Corp (TSE:BTE) had its target price trimmed by RBC Capital from C$7.00 to C$5.00 in a research note published on Wednesday morning, MarketBeat.Com reports.

In related news, Director Edward Chwyl acquired 50,000 shares of Baytex Energy Corp stock in a transaction on Thursday, January 14th. The shares were bought at an average cost of C$2.37 per share, with a total value of C$118,500.00. Also, insider Chadwick Kalmakoff acquired 14,000 shares of Baytex Energy Corp stock in a transaction on Friday, December 11th. The shares were bought at an average cost of C$3.95 per share, for a total transaction of C$55,300.00.

Several other research firms also recently weighed in on BTE. Raymond James lifted their target price on Baytex Energy Corp from C$10.00 to C$10.50 in a research report on Tuesday, November 10th. National Bank Financial reiterated a sector perform rating and set a C$9.00 target price on shares of Baytex Energy Corp in a research report on Monday, November 9th. Barclays lowered their target price on Baytex Energy Corp from C$9.00 to C$6.00 and set an equal weight rating on the stock in a research report on Thursday, October 29th. CIBC lowered their target price on Baytex Energy Corp from C$13.00 to C$9.00 in a research report on Wednesday, September 23rd. Finally, TD Securities lowered their target price on Baytex Energy Corp from C$9.00 to C$8.50 and set a hold rating on the stock in a research report on Friday, December 11th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of C$9.25.

Baytex Energy Corp (TSE:BTE) opened at 2.76 on Wednesday. Baytex Energy Corp has a 12-month low of $1.57 and a 12-month high of $24.87. The stock has a 50 day moving average price of $3.65 and a 200-day moving average price of $6.84. The stock’s market capitalization is $580.33 million.

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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