What Next for Baytex Energy Corp Stock After Today’s Huge Increase?

 What Next for Baytex Energy Corp Stock After Today's Huge Increase?

The stock of Baytex Energy Corp (TSE:BTE) is a huge mover today! About 1.03M shares traded hands. Baytex Energy Corp (TSE:BTE) has declined 6.49% since April 11, 2016 and is downtrending. It has underperformed by 10.41% the S&P500.
The move comes after 5 months positive chart setup for the $1.19 billion company. It was reported on Nov, 15 by Barchart.com. We have $9.13 PT which if reached, will make TSE:BTE worth $785.40M more.

Baytex Energy Corp (TSE:BTE) Ratings Coverage

Out of 5 analysts covering Baytex Energy Trust (TSE:BTE), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. $27.50 is the highest target while $5.50 is the lowest. The $7.40 average target is 34.55% above today’s ($5.5) stock price. Baytex Energy Trust has been the topic of 31 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Wednesday, June 15, the company rating was initiated by IBC. The rating was maintained by FirstEnergy Capital with “Market Perform” on Monday, August 31. Raymond James maintained Baytex Energy Corp (TSE:BTE) on Monday, June 6 with “” rating. TD Securities maintained Baytex Energy Corp (TSE:BTE) on Thursday, November 3 with “Hold” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, December 7. The rating was maintained by Scotia Capital on Thursday, November 3 with “Outperform”. Desjardins Securities maintained Baytex Energy Corp (TSE:BTE) on Tuesday, June 28 with “” rating. The stock of Baytex Energy Corp (TSE:BTE) has “Sector Perform” rating given on Friday, December 11 by RBC Capital Markets. The stock of Baytex Energy Corp (TSE:BTE) earned “Outperform” rating by Scotia Capital on Friday, July 29.

More notable recent Baytex Energy Corp (TSE:BTE) news were published by: Fool.ca which released: “Baytex Energy Corp. Is Still Cautious on 2017” on November 14, 2016, also Fool.com with their article: “Baytex Energy Corp.’s Q3 Results Show Progress Where It Matters Most” published on November 03, 2016, Fool.ca published: “Why Baytex Energy Corp. Stands to Gain From a Trump Presidency” on November 11, 2016. More interesting news about Baytex Energy Corp (TSE:BTE) were released by: Fool.ca and their article: “2 Reasons Baytex Energy Corp. Shares Have Bottomed” published on November 09, 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 $1.19 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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