CIBC Keeps a Hold Rating on Baytex Energy

By Ryan Adsit

Baytex Energy (TSX: BTE), the Materials sector company, was revisited by a Wall Street analyst yesterday. The company received a Hold rating from CIBC’s analyst David Popowich.

According to TipRanks.com, Popowich is ranked #1538 out of 4801 analysts.

Baytex Energy has an analyst consensus of Strong Buy, with a price target consensus of C$5.83.

The company has a one-year high of C$6.23 and a one-year low of C$2.76. Currently, Baytex Energy has an average volume of 4.29M.

Baytex Energy Corp. engages in the acquisition, development, and production of oil and natural gas. It operates through the following segments: Canada, United States, and Corporate. The Canada segment explores, develops, and produces crude oil and natural gas in Western Canada.

The company’s shares closed on Thursday at C$6.02, close to its 52-week high of C$6.23.