The Globe and Mail reports in its Friday, March 1, edition that Stifel's Cody Kwong has reaffirmed his "buy" rating for Baytex Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kwong gave his share target a 25-cent boost to $6.25. Analysts on average target the shares at $6.53. Mr. Kwong says in a note: "Baytex reported 4Q23 results that saw cash flow inline with consensus expectations while both production and capex were fractionally better than forecasted. The company did record an $834-million non-cash impairment on its legacy non-op Eagle Ford and remaining Viking assets. Year-end reserve characteristics were unsurprisingly dominated by the Ranger Oil acquisition, while taking the time to clean up some negative revisions in its non-op Eagle Ford and Viking properties. 2024 guidance remains intact despite January freeze-offs impacting production volumes by 2,000 boe/d. Based on some modest improvements to our proforma AFFO outlook, with the help of slowly improving crude oil prices, we are increasing our target." The Globe reported on Jan. 11 that analysts at National Bank Financial rated Baytex "outperform." Baytex shares were then going for $4.22.