What’s Ahead for Baytex Energy Corp After Today’s Huge Decline?

 What's Ahead for Baytex Energy Corp After Today's Huge Decline?

The stock of Baytex Energy Corp (TSE:BTE) is a huge mover today! About 3.17M shares traded hands. Baytex Energy Corp (TSE:BTE) has risen 18.28% since March 10, 2016 and is uptrending. It has outperformed by 12.67% the S&P500.
The move comes after 6 months negative chart setup for the $1.15 billion company. It was reported on Oct, 17 by Barchart.com. We have $5.08 PT which if reached, will make TSE:BTE worth $80.50 million less.

Baytex Energy Corp (TSE:BTE) Ratings Coverage

Out of 4 analysts covering Baytex Energy Trust (TSE:BTE), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $27.50 is the highest target while $6 is the lowest. The $7.89 average target is 44.51% above today’s ($5.46) stock price. Baytex Energy Trust has been the topic of 27 analyst reports since July 31, 2015 according to StockzIntelligence Inc. FirstEnergy Capital maintained the stock with “Market Perform” rating in Monday, August 31 report. The stock has “” rating given by Desjardins Securities on Tuesday, June 28. The company was maintained on Monday, June 6 by Raymond James. IBC initiated the stock with “Sector Perform” rating in Wednesday, June 15 report. The stock of Baytex Energy Corp (TSE:BTE) earned “Sector Perform” rating by RBC Capital Markets on Monday, December 7. RBC Capital Markets maintained it with “Sector Perform” rating and $8 target price in Friday, December 11 report. The rating was maintained by Scotia Capital on Friday, July 29 with “Outperform”.

More notable recent Baytex Energy Corp (TSE:BTE) news were published by: Fool.ca which released: “Could Baytex Energy Corp. Rebound to $12?” on October 17, 2016, also Fool.ca with their article: “The Only 2 Reasons to Buy Baytex Energy Corp.” published on October 12, 2016, Fool.ca published: “Baytex Energy Corp.: A Buy Despite its Huge Debt Load” on October 13, 2016. More interesting news about Baytex Energy Corp (TSE:BTE) were released by: Fool.ca and their article: “Crescent Point Energy Corp. vs. Baytex Energy Corp.: Which Will Outperform in …” published on October 11, 2016 as well as Fool.ca‘s news article titled: “Baytex Energy Corp.: Should You Buy the Bounce?” with publication date: October 06, 2016.

Baytex Energy Corp. is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada and in the United States (Texas). The company has a market cap of $1.15 billion. The Company’s natural gas and crude oil activities are organized into three business units: Lloydminster, Central and United States. It currently has negative earnings. Each business unit has a portfolio of mineral leases, operated and non-operated properties and development prospects.

BTE Company Profile

Baytex Energy Corp. (Baytex), incorporated on October 22, 2010, is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). The Company’s natural gas and crude oil activities are organized into three business units: Lloydminster, Central and United States. Each business unit has a portfolio of mineral leases, operated and non-operated properties and development prospects. The Company’s subsidiaries include Baytex Energy Ltd. and Baytex Energy USA, Inc. Baytex Energy Ltd. is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in Canada. Baytex Energy USA, Inc. is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in the United States. It holds all of the operating assets in the United States.

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