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Stock impact report

What Do Analysts Think About Baytex Energy Corp. (BTE)? [Yahoo! Finance]

Baytex Energy Corp Common Shares (BTE) 
Last baytex energy corp common shares earnings: 3/4 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
rating on Baytex Energy Corp. (NYSE:BTE), setting a price target of C$5.25. However, Raymond James upgraded the stock to Outperform from Market Perform on November 13, raising the price target to C$5.50 from C$3.50. The rating update came after Baytex Energy Corp. (NYSE:BTE) announced the sale of its U.S. Eagle Ford assets to an undisclosed buyer on November 12, which according to the analyst, repositions the company into a “high-return” heavy oil producer with a “best-in-class” balance sheet. The firm considers the sale to be immediately accretive, providing Baytex Energy Corp. (NYSE:BTE) with enough capital to shift its attention to an “aggressive” share repurchase program and repay all of its outstanding debt. Baytex Energy Corp. (NYSE:BTE) released this update on November 12, stating that it entered into a definitive purchase and sale agreement for the sale of its U.S. Eagle Ford assets to an undisclosed buyer for $2.305 billion. Management reported that the transaction positi Show less Read more
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