Baytex Energy Corp’s Trend Up, Especially After Today’s Strong Session

 Baytex Energy Corp's Trend Up, Especially After Today's Strong Session

The stock of Baytex Energy Corp (TSE:BTE) is a huge mover today! About 4.92M shares traded hands. Baytex Energy Corp (TSE:BTE) has risen 9.39% since March 29, 2016 and is uptrending. It has outperformed by 6.86% the S&P500.
The move comes after 6 months positive chart setup for the $1.11 billion company. It was reported on Nov, 2 by Barchart.com. We have $7.15 PT which if reached, will make TSE:BTE worth $455.10 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. Baytex Energy Trust has been the topic of 28 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Monday, December 7 the stock rating was initiated by RBC Capital Markets with “Sector Perform”. IBC initiated the shares of BTE in a report on Wednesday, June 15 with “Sector Perform” rating. The firm earned “Market Perform” rating on Monday, August 31 by FirstEnergy Capital. Raymond James maintained the shares of BTE in a report on Monday, June 6 with “” rating. RBC Capital Markets maintained Baytex Energy Corp (TSE:BTE) on Friday, December 11 with “Sector Perform” rating. Scotia Capital maintained the stock with “Outperform” rating in Friday, July 29 report. The rating was maintained by Desjardins Securities on Tuesday, June 28 with “”.

More notable recent Baytex Energy Corp (TSE:BTE) news were published by: Fool.ca which released: “Contrarian Investors: Is Baytex Energy Corp. Attractive at $5?” on November 02, 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: “Why $50 Oil Still Isn’t High Enough for Baytex Energy Corp.” on October 24, 2016. More interesting news about Baytex Energy Corp (TSE:BTE) were released by: Fool.ca and their article: “Baytex Energy Corp.: High Risk, Higher Reward” published on October 31, 2016 as well as Fool.ca‘s news article titled: “3 Reasons to Buy Baytex Energy Corp.” with publication date: October 20, 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 $1.11 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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