Could Baytex Energy Corp Lose Strenght? The Stock Increases A Lot Today

 Could Baytex Energy Corp Lose Strenght? The Stock Increases A Lot Today

The stock of Baytex Energy Corp (TSE:BTE) is a huge mover today! About 2.47 million shares traded hands. Baytex Energy Corp (TSE:BTE) has risen 8.00% since March 11, 2016 and is uptrending. It has outperformed by 2.52% the S&P500.
The move comes after 9 months positive chart setup for the $1.09 billion company. It was reported on Oct, 18 by Barchart.com. We have $7.41 PT which if reached, will make TSE:BTE worth $403.30 million more.

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 45.84% above today’s ($5.41) stock price. Baytex Energy Trust has been the topic of 27 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Baytex Energy Corp (TSE:BTE) has “” rating given on Tuesday, June 28 by Desjardins Securities. On Monday, June 6 the stock rating was maintained by Raymond James with “”. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, December 11. As per Monday, December 7, the company rating was initiated by RBC Capital Markets. Scotia Capital maintained it with “Outperform” rating and $8.75 target price in Friday, July 29 report. The company was maintained on Monday, August 31 by FirstEnergy Capital. The rating was initiated by IBC with “Sector Perform” on Wednesday, June 15.

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: “Is Baytex Energy Corp. a Risky Investment?” with publication date: October 08, 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 $1.09 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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