The stock of Baytex Energy Corp (TSE:BTE) is a huge mover today! About 2.63 million shares traded hands. Baytex Energy Corp (TSE:BTE) has risen 5.35% since March 24, 2016 and is uptrending. It has outperformed by 1.87% the S&P500.
The move comes after 5 months negative chart setup for the $1.10 billion company. It was reported on Oct, 31 by Barchart.com. We have $4.92 PT which if reached, will make TSE:BTE worth $66.00M 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. Baytex Energy Trust has been the topic of 28 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Scotia Capital maintained it with “Outperform” rating and $8.75 target price in Friday, July 29 report. The firm has “Market Perform” rating by FirstEnergy Capital given on Monday, August 31. IBC initiated the shares of BTE in a report on Wednesday, June 15 with “Sector Perform” rating. The stock of Baytex Energy Corp (TSE:BTE) earned “” rating by Desjardins Securities on Tuesday, June 28. The rating was initiated by RBC Capital Markets with “Sector Perform” on Monday, December 7. As per Friday, December 11, the company rating was maintained by RBC Capital Markets. The stock has “” rating given by Raymond James on Monday, June 6.
More notable recent Baytex Energy Corp (TSE:BTE) news were published by: Fool.ca which released: “Baytex Energy Corp.: High Risk, Higher Reward” on October 31, 2016, also Fool.ca with their article: “How Baytex Energy Corp. and IAMGOLD Corp. Will React to the TSX Slump” published on October 30, 2016, Fool.ca published: “Baytex Energy Corp.: Could This Stock Slide Back to $2?” on October 28, 2016. More interesting news about Baytex Energy Corp (TSE:BTE) were released by: Fool.ca and their article: “Why $50 Oil Still Isn’t High Enough for Baytex Energy Corp.” published on October 24, 2016 as well as Fool.ca‘s news article titled: “Baytex Energy Corp. vs Penn West Petroleum Ltd.: Which Oil Stock Is More …” with publication date: October 26, 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 $1.10 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.
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