Analyst Price Target is C$7.53
▲ +62.26% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Baytex Energy in the last 3 months. The average price target is C$7.53, with a high forecast of C$9.00 and a low forecast of C$5.50. The average price target represents a 62.26% upside from the last price of C$4.64.
Current Consensus is
The current consensus among 6 polled investment analysts is to buy stock in Baytex Energy. This rating has held steady since April 2022, when it changed from a Hold consensus rating.
Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadian Sedimentary Basin and in the Texas, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. Its principal oil and natural gas properties comprise the Eagle Ford property in Texas, Viking and Lloydminster properties in Alberta and Saskatchewan, Peace River and Duvernay properties in Alberta. The company's properties also include conventional oil and natural gas assets in Western Canada. As of December 31, 2021, it had proved developed producing reserves of 129 million barrels of oil equivalent (mmboe); proved reserves of 278 mmboe; and proved plus probable reserves of 451 mmboe. Baytex Energy Corp. was founded in 1993 and is headquartered in Calgary, Canada.