What's Going On With Baytex Energy Shares Today

May 2, 2022 3:45 PM | 1 min read | Make a Comment

RBC Capital analyst Greg Pardy raised the price target for Baytex Energy Corp BTE BTEGF to C$7 from C$6 while maintaining the Sector Perform rating on the shares.
Pardy notes Baytex is off to a nice start in 2022 amid ongoing debt reduction and impressive drilling results in its emerging Clearwater oil play.
The analyst mentions that the company is also poised to execute a share buyback program.
Recently, BMO Capital analyst Ray Kwan raised the price target for Baytex Energy to C$8.50 from C$8.
Price Action: BTE shares are trading lower by 2.28% at C$6.42 on TSX, and BTEGF is lower by 3.12% at $4.97 on the last check Monday.