Are Analysts Bearish Baytex Energy Corp (USA) (NYSE:BTE) After Last Week?

Out of 6 analysts covering Baytex Energy Trust (NYSE:BTE), 2 rate it “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Baytex Energy Trust was the topic in 19 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Below is a list of Baytex Energy Corp (USA) (NYSE:BTE) latest ratings and price target changes.

14/01/2016 Broker: BMO Capital Markets Rating: Underperform New Target: $3.50 Initiate
07/12/2015 Broker: RBC Capital Markets Rating: Sector Perform New Target: $8 Initiate
29/09/2015 Broker: Scotia Capital Rating: Old Target: $18.00 New Target: $12.00 Target Down

The stock increased 2.15% or $0.08 on March 24, hitting $3.8. About 3.23 million shares traded hands or 21.43% up from the average. Baytex Energy Corp (USA) (NYSE:BTE) has declined 29.63% since August 19, 2015 and is downtrending. It has underperformed by 27.53% the S&P500.

Baytex Energy Corp. , 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 company has a market cap of $817.20 million. The Company’s natural gas and crude oil activities are organized into three business units: Central; Lloydminster; and United States. It currently has negative earnings. Each business unit has a portfolio of mineral leases, operated and non-operated properties and development prospects.

Baytex Energy Corp - Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with’s FREE daily email newsletter.

Add Comment