Notable Price Action: What Next for Baytex Energy Corp (USA) Stock After Today’s Big Increase?

Notable Price Action: What Next for Baytex Energy Corp (USA) Stock After Today's Big Increase?

The stock of Baytex Energy Corp (USA) (NYSE:BTE) is a huge mover today! About 1.39 million shares traded hands. Baytex Energy Corp (USA) (NYSE:BTE) has risen 39.93% since March 2, 2016 and is uptrending. It has outperformed by 31.67% the S&P500.
The move comes after 6 months positive chart setup for the $884.44M company. It was reported on Oct, 5 by We have $6.51 PT which if reached, will make NYSE:BTE worth $433.38M more.

Analysts await Baytex Energy Corp (USA) (NYSE:BTE) to report earnings on November, 4. They expect $-0.12 EPS, down 33.33% or $0.03 from last year’s $-0.09 per share. After $-0.11 actual EPS reported by Baytex Energy Corp (USA) for the previous quarter, Wall Street now forecasts 9.09% negative 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. National Bank Canada downgraded Baytex Energy Corp (USA) (NYSE:BTE) on Monday, August 24 to “Sector Perform” rating. RBC Capital Markets initiated Baytex Energy Corp (USA) (NYSE:BTE) rating on Monday, December 7. RBC Capital Markets has “Sector Perform” rating and $8 price target. The stock of Baytex Energy Corp (USA) (NYSE:BTE) earned “Sector Perform” rating by Altacorp on Monday, August 24. The firm has “Equal-Weight” rating given on Monday, August 24 by Barclays Capital. The rating was maintained by Raymond James with “Market Perform” on Wednesday, August 26. The firm has “Sector Perform” rating by IBC given on Wednesday, September 23. The firm has “Buy” rating by Canaccord Genuity given on Monday, August 24. The rating was maintained by Barclays Capital on Friday, July 29 with “Equal-Weight”. As per Monday, August 31, the company rating was maintained by FirstEnergy Capital. The rating was initiated by BMO Capital Markets with “Underperform” on Thursday, January 14.

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: which released: “Should You Buy Baytex Energy Corp. or Crescent Point Energy Corp. to Play an …” on September 28, 2016, also with their article: “Baytex Energy Corp.: Is the Latest Pullback an Opportunity to Buy?” published on September 26, 2016, published: “Is Baytex Energy Corp. a Screaming Buy Under $5?” on September 20, 2016. More interesting news about Baytex Energy Corp (USA) (NYSE:BTE) were released by: and their article: “Baytex Energy Corp.: Look Out Below?” published on September 19, 2016 as well as‘s news article titled: “Baytex Energy Corp. and Crescent Point Energy Corp. Are Focused on Their Rich …” with publication date: September 13, 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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