Zacks Investment Research Downgrades Baytex Energy (BTE) to Zacks Investment Research Downgrades Baytex Energy (BTE) to Sell Posted by Darrell McKinsey on Jan 30th, 2019 Baytex Energy logoBaytex Energy (NYSE:BTE) (TSE:BTE) was downgraded by Zacks Investment Research from a hold rating to a sell rating in a research report issued to clients and investors on Monday. According to Zacks, Baytex Energy Trust is a conventional oil and gas income trust focused on maintaining its production and asset base through internal property development and delivering consistent returns to its unitholders. Get Baytex Energy alerts: Several other equities research analysts have also commented on BTE. Raymond James reaffirmed an average rating and issued a $4.00 price target on shares of Baytex Energy in a report on Tuesday, December 18th. Veritas Investment Research lowered shares of Baytex Energy from a buy rating to a sell rating in a report on Tuesday, January 22nd. ValuEngine raised shares of Baytex Energy from a sell rating to a hold rating in a report on Wednesday, January 2nd. TD Securities reaffirmed a buy rating and issued a $5.50 price target on shares of Baytex Energy in a report on Monday, November 5th. Finally, Macquarie lowered shares of Baytex Energy from an outperform rating to a neutral rating in a report on Friday, January 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $4.90. https://www.fairfieldcurrent.com/news/2019/01/30/zacks-investment-research-downgrades-baytex-energy-bte-to-sell.html