Short Term Price Target on Baytex Energy Corp (BTE)

Baytex Energy Corp (NYSE:BTE) : 6 investment research analysts covering Baytex Energy Corp (NYSE:BTE) have an average price target of $7.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $16 and the lowest target is $4 for the short term. Analysts expect the variance to be within $4.37 of the average price.

Baytex Energy Corp. has dropped 3.5% in the last five trading days, however, the shares have posted positive gains of 19.14% in the last 4 weeks. Baytex Energy Corp. is up 50.39% in the last 3-month period. Year-to-Date the stock performance stands at 78.7%.

Baytex Energy Corp (NYSE:BTE) : 6 analysts are covering Baytex Energy Corp (NYSE:BTE) and their average rating on the stock is 2.33, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Baytex Energy Corp (NYSE:BTE): The stock opened at $5.85 on Thursday but the bulls could not build on the opening and the stock topped out at $5.90 for the day. The stock traded down to $5.67 during the day, due to lack of any buying support eventually closed down at $5.79 with a loss of -1.70% for the day. The stock had closed at $5.89 on the previous day. The total traded volume was 3,529,625 shares.

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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