The stock of Baytex Energy Corp (USA) (NYSE:BTE) is a huge mover today! About 6.19M shares traded hands or 121.07% up from the average. Baytex Energy Corp (USA) (NYSE:BTE) has declined 30.23% since April 27, 2016 and is downtrending. It has underperformed by 35.45% the S&P500.
The move comes after 8 months positive chart setup for the $858.30M company. It was reported on Nov, 30 by Barchart.com. We have $4.41 PT which if reached, will make NYSE:BTE worth $42.92 million more.
Analysts await Baytex Energy Corp (USA) (NYSE:BTE) to report earnings on March, 2. They expect $-0.08 earnings per share, up 61.90% or $0.13 from last year’s $-0.21 per share. After $-0.15 actual earnings per share reported by Baytex Energy Corp (USA) for the previous quarter, Wall Street now forecasts -46.67% EPS growth.
Baytex Energy Corp (USA) (NYSE:BTE) Ratings Coverage
Out of 8 analysts covering Baytex Energy Trust (NYSE:BTE), 1 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 13% are positive. Baytex Energy Trust has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, July 29 by Barclays Capital. The company was maintained on Monday, August 31 by FirstEnergy Capital. The firm has “Buy” rating by Canaccord Genuity given on Monday, August 24. The stock of Baytex Energy Corp (USA) (NYSE:BTE) has “Outperform” rating given on Friday, August 21 by Scotia Capital. The rating was initiated by BMO Capital Markets on Thursday, January 14 with “Underperform”. On Monday, August 24 the stock rating was downgraded by National Bank Canada to “Sector Perform”. On Monday, August 24 the stock rating was downgraded by Altacorp to “Sector Perform”. Raymond James maintained the shares of BTE in a report on Wednesday, August 26 with “Market Perform” rating. IBC downgraded the shares of BTE in a report on Wednesday, September 23 to “Sector Perform” rating. Barclays Capital maintained it with “Equal-Weight” rating and $9 target price in Monday, August 24 report.
According to Zacks Investment Research, “Baytex Energy Trust is a conventional oil and gas income trust focused on maintaining its production and asset base through internal property development and delivering consistent returns to its unitholders.”
More notable recent Baytex Energy Corp (USA) (NYSE:BTE) news were published by: Fool.ca which released: “Baytex Energy Corp.: Time to Buy or Run for Cover?” on November 30, 2016, also Foxbusiness.com with their article: “Baytex Energy Corp. Goes Shopping” published on November 23, 2016, Fool.ca published: “Baytex Energy Corp.: Should You Buy the Bounce?” on November 21, 2016. More interesting news about Baytex Energy Corp (USA) (NYSE:BTE) were released by: Fool.ca and their article: “Baytex Energy Corp.: Don’t Miss the Rebound” published on November 03, 2016 as well as Fool.com‘s news article titled: “3 Things Baytex Energy Corp.’s CEO Wants You to Know About Its Q3 Results” with publication date: November 22, 2016.
BTE Company Profile
Baytex Energy Corp. (Baytex), incorporated on October 22, 2010, is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). The Company’s natural gas and crude oil activities are organized into three business units: Lloydminster, Central and United States. Each business unit has a portfolio of mineral leases, operated and non-operated properties and development prospects. The Company’s subsidiaries include Baytex Energy Ltd. and Baytex Energy USA, Inc. Baytex Energy Ltd. is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in Canada. Baytex Energy USA, Inc. is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in the United States. It holds all of the operating assets in the United States.
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