The Latest Breaking News from Baytex Energy Corp

BMO Capital analyst Ray Kwan raised the price target for Baytex Energy Corp (TSX:BTE) (OTC:BTEGF) to C$8.50 from C$8 while maintaining the Market Perform rating on the shares. The analyst mentions that while the quarter was in line, the Clearwater at Peavine continues to deliver exceptional results, with recent wells having initial rates as high…

Baytex Energy Corp (TSX:BTE) (OTC:BTEGF) has been upgraded to Outperform from Sector Perform, and the price target was raised to C$8.75 from C$6.50 by National Bank analyst Dan Payne.          Payne attributed the upgrade to the outsized return potential represented within its Clearwater project acreage. The analyst believes the project will…