Could Baytex Energy Corp Decline After Today’s Huge Increase?

 Could Baytex Energy Corp Decline After Today's Huge Increase?

The stock of Baytex Energy Corp (TSE:BTE) is a huge mover today! About 700,399 shares traded hands. Baytex Energy Corp (TSE:BTE) has declined 21.67% since April 22, 2016 and is downtrending. It has underperformed by 27.68% the S&P500.
The move comes after 8 months positive chart setup for the $1.07B company. It was reported on Nov, 28 by Barchart.com. We have $5.45 PT which if reached, will make TSE:BTE worth $42.80M 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 41.22% above today’s ($5.24) stock price. Baytex Energy Trust has been the topic of 31 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Thursday, November 3 the stock rating was maintained by Scotia Capital with “Outperform”. On Wednesday, June 15 the stock rating was initiated by IBC with “Sector Perform”. TD Securities maintained it with “Hold” rating and $6.50 target price in Thursday, November 3 report. As per Monday, June 6, the company rating was maintained by Raymond James. The stock of Baytex Energy Corp (TSE:BTE) earned “” rating by Desjardins Securities on Tuesday, June 28. The stock has “Outperform” rating given by Scotia Capital on Friday, July 29. As per Friday, December 11, the company rating was maintained by RBC Capital Markets. On Monday, December 7 the stock rating was initiated by RBC Capital Markets with “Sector Perform”. The stock of Baytex Energy Corp (TSE:BTE) earned “Market Perform” rating by FirstEnergy Capital on Monday, August 31.

More notable recent Baytex Energy Corp (TSE:BTE) news were published by: Foxbusiness.com which released: “Baytex Energy Corp. Goes Shopping” on November 23, 2016, also Fool.com with their article: “3 Things Baytex Energy Corp.’s CEO Wants You to Know About Its Q3 Results” published on November 22, 2016, Fool.ca published: “Baytex Energy Corp.: Should You Buy the Bounce?” on November 21, 2016. More interesting news about Baytex Energy Corp (TSE:BTE) were released by: Fool.com and their article: “Baytex Energy Corp.’s Q3 Results Show Progress Where It Matters Most” published on November 03, 2016 as well as Fool.ca‘s news article titled: “Why Baytex Energy Corp. Stands to Gain From a Trump Presidency” with publication date: November 11, 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 $1.07 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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