Price Action To Observe: Baytex Energy Corp (USA) Declines A lot Today, Is Now One of The Worst Performer

Price Action To Observe: Baytex Energy Corp (USA) Declines A lot Today, Is Now One of The Worst Performer

The stock of Baytex Energy Corp (USA) (NYSE:BTE) is a huge mover today! About 1.07 million shares traded hands. Baytex Energy Corp (USA) (NYSE:BTE) has risen 20.66% since March 4, 2016 and is uptrending. It has outperformed by 12.62% the S&P500.
The move comes after 6 months negative chart setup for the $872.22M company. It was reported on Oct, 7 by Barchart.com. We have $3.98 PT which if reached, will make NYSE:BTE worth $43.61M less.

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. RBC Capital Markets initiated the stock with “Sector Perform” rating in Monday, December 7 report. The stock of Baytex Energy Corp (USA) (NYSE:BTE) earned “Underperform” rating by BMO Capital Markets on Thursday, January 14. The rating was maintained by Raymond James with “Market Perform” on Wednesday, August 26. The rating was downgraded by Altacorp on Monday, August 24 to “Sector Perform”. Barclays Capital maintained it with “Equal-Weight” rating and $9 target price in Monday, August 24 report. The stock of Baytex Energy Corp (USA) (NYSE:BTE) has “Sector Perform” rating given on Wednesday, September 23 by IBC. Scotia Capital maintained the shares of BTE in a report on Friday, August 21 with “Outperform” rating. The rating was downgraded by National Bank Canada to “Sector Perform” on Monday, August 24. The stock of Baytex Energy Corp (USA) (NYSE:BTE) earned “Buy” rating by Canaccord Genuity on Monday, August 24. The firm has “Equal-Weight” rating given on Friday, July 29 by Barclays Capital.

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: “Contrarian Investors: Should You Buy Cameco Corporation or Baytex Energy Corp.?” on October 07, 2016, also Fool.ca with their article: “Should You Buy Baytex Energy Corp. or Crescent Point Energy Corp. to Play an …” published on September 28, 2016, Fool.ca published: “Baytex Energy Corp.: Is the Latest Pullback an Opportunity to Buy?” on September 26, 2016. More interesting news about Baytex Energy Corp (USA) (NYSE:BTE) were released by: Fool.ca and their article: “Is Baytex Energy Corp. a Screaming Buy Under $5?” published on September 20, 2016 as well as Fool.ca‘s news article titled: “Baytex Energy Corp.: A Risky and Potentially Profitable Play” with publication date: September 16, 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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