Baytex Energy Corp (BTE) Receives Price Target

Baytex Energy Corp (BTE) : Average target price received by Baytex Energy Corp (BTE) is $7.5 with an expected standard deviation of $4.24. The most aggressive target on the stock is $16, whereas the most downbeat target is $4. 6 financial analysts are currently covering the stock.

Baytex Energy Corp (BTE) : The consensus on Baytex Energy Corp (BTE) based on 6 analyst recommendation on the company stock is 2.33, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Barclays maintains its view on Baytex Energy Corp (NYSE:BTE) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Barclays lowers the price target from $9 per share to $8 per share on Baytex Energy Corp. The rating by the firm was issued on July 29, 2016.

Baytex Energy Corp (NYSE:BTE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.44 and $4.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.56, notching a gain of 1.33% for the day. The total traded volume was 1,667,577 . The stock had closed at $4.50 on the previous day.

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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