The shares of Baytex Energy Corp (USA) (NYSE:BTE) increased by 13.46% in the last 20 days and rose 14.06% in the past 5 trading sessions. Baytex Energy Corp (USA) (NYSE:BTE) shares opened at $4.12 in the last session and had intraday high of $4.32 and low of $4.12 for a lower than normal intra-day volatility. Stock trading is easier when the volatility profile is such.
About 2.38 million shares traded hands. Baytex Energy Corp (USA) (BTE) has declined 17.31% since September 3, 2015 and is downtrending. It has underperformed by 21.96% the S&P500.
According to Zacks Investment Research, “Baytex Energy Trust is a conventional oil and gas income trust focused on maintaining its production and asset base through internal property development and delivering consistent returns to its unitholders.”
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 $1.08 billion. 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.
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