Reported 2 days ago
TD Securities has reduced its price target for Baytex Energy Corp (NYSE:BTE) from $4.5 to $4 but continues to hold a Buy rating. This adjustment follows Baytex's strong fiscal Q2 results, where it reported $608.30 million in revenue and an EPS of $0.14, exceeding expectations. Despite a year-over-year revenue decline, the company noted record production rates from its Pembina Duvernay wells, indicating robust performance amid market challenges.
Source: YAHOO