Baytex Energy Corp (BTE): Price Target and June Short Interest Disclosure

Baytex Energy Corp (BTE) : 6 Wall Street analysts covering Baytex Energy Corp (BTE) believe that the average level the stock could reach for the short term is $7.25. The maximum price target given is $16 and the minimum target for short term is around $4, hence the standard deviation is calculated at $4.37.

Baytex Energy Corp (BTE) has witnessed a rise of 3.4% or 415,731 shares in its short figure. The short interest augmentation took it from 12,120,458 on June 15,2016 to 12,536,189 on June 30,2016. In terms of floated shares, the short interest was calculated to be 6%. The days to cover are 4 given that the daily volume averaged 3,506,912 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the BMO Capital upgrades the rating on Baytex Energy Corp (NYSE:BTE). The brokerage firm has issued a Market Perform rating on the shares. The shares were previously rated Underperform. The rating by the firm was issued on June 30, 2016.

Baytex

Baytex Energy Corp (NYSE:BTE): stock turned positive on Thursday. Though the stock opened at $5.7, the bulls momentum made the stock top out at $5.7 level for the day. The stock recorded a low of $5.5799 and closed the trading day at $5.63, in the green by 0.90%. The total traded volume for the day was 1,975,469. The stock had closed at $5.58 in the previous days trading.

Baytex Energy Corp. (Baytex), through its subsidiaries, is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (primarily in the provinces of Alberta and Saskatchewan) and in the United States (primarily in the state of Texas). The Companys crude oil and natural gas operations are organized into three business units: Central; Lloydminster; and United States. Each business unit has a portfolio of mineral leases, operated and non-operated properties and development prospects. The Companys wholly owned subsidiaries include include Baytex Energy Ltd., which is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in Canada, and Baytex Energy USA, Inc., which is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in the United States.

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