The stock of Baytex Energy Corp (TSE:BTE) is a huge mover today! About 3.00 million shares traded hands. Baytex Energy Corp (TSE:BTE) has declined 6.62% since April 19, 2016 and is downtrending. It has underperformed by 11.95% the S&P500.
The move comes after 9 months negative chart setup for the $1.11 billion company. It was reported on Nov, 23 by Barchart.com. We have $4.91 PT which if reached, will make TSE:BTE worth $77.70M less.
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 40.15% above today’s ($5.28) stock price. Baytex Energy Trust has been the topic of 31 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Tuesday, June 28 the stock rating was maintained by Desjardins Securities with “”. On Thursday, November 3 the stock rating was maintained by TD Securities with “Hold”. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, December 7. The stock has “Outperform” rating given by Scotia Capital on Thursday, November 3. IBC initiated the stock with “Sector Perform” rating in Wednesday, June 15 report. The stock has “Outperform” rating given by Scotia Capital on Friday, July 29. The stock of Baytex Energy Corp (TSE:BTE) earned “” rating by Raymond James on Monday, June 6. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, December 11. FirstEnergy Capital maintained the stock with “Market Perform” rating in Monday, August 31 report.
More notable recent Baytex Energy Corp (TSE:BTE) news were published by: Fool.ca which released: “Baytex Energy Corp.: Should You Buy the Bounce?” on November 21, 2016, also Reuters.com with their article: “Baytex buying northern Alberta heavy oil assets for C$65 million” published on November 22, 2016, Fool.com published: “Baytex Energy Corp.’s Q3 Results Show Progress Where It Matters Most” on November 03, 2016. More interesting news about Baytex Energy Corp (TSE:BTE) were released by: Fool.ca and their article: “Baytex Energy Corp. Is Still Cautious on 2017” published on November 14, 2016 as well as Fool.ca‘s news article titled: “Baytex Energy Corp.: Next Stop: $10 Per Share!” with publication date: November 18, 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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