Baytex Energy Corp (BTE) Shares are Down -10.4%

Baytex Energy Corp (BTE) has risen sharply, recording gains of 4.91% in the past 4 weeks. However, the stock has corrected -10.4% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.14% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1.62% and the fifty day Moving Average is 7.17%. Baytex Energy Corp. is up 3.37% in the last three month period. Year-to-Date the stock performance stands at 51.54%.

Baytex Energy Corp (BTE) : 6 investment research analysts covering Baytex Energy Corp (BTE) have an average price target of $7.5 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 $4.24 of the average price.

Baytex

Baytex Energy Corp (NYSE:BTE): On Fridays trading session , Opening price of the stock was $5.01 with an intraday high of $5.15. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.87. However, the stock managed to close at $4.91, a loss of 0.81% for the day. On the previous day, the stock had closed at $4.95. The total traded volume of the day was 2,575,500 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.