A statement released earlier today by CIBC World Markets about Baytex Energy (TSE:BTE) drops the target price to $6.00
- Updated: September 19, 2016
Reporting a possible upside of 0.17%, CIBC World Markets lowered the price target of Baytex Energy (TSE:BTE) to $6.
Previously on Wednesday August 3 2016, TD Securities released a statement on Baytex Energy(TSE:BTE) raised the target price from $0.00 to $7.50. At the time, this indicated a possible upside of 0.31%.
Having a price of $5.11, Baytex Energy (TSE:BTE) traded 0.76% lower on the day. The last stock price is down 16.39% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time period. The company has logged a 50-day moving average of $6.24 and 200-day moving average of $6.21. 3,719,048 shares of the stock were exchanged, down from ann average trading volume of 6,086,520
Recent Performance Graphic:
With a total market value of $0.0, Baytex Energy has a one-year low of $1.57 and a one-year high of $9.04 with a price-earnings ratio of 0.
A total of 14 brokerages have issued a report on the stock. One analyst rate the stock a strong buy, three analysts rate the company a buy, 11 analyts rate the company a hold, 0 rate the company to underperform, and finally 0 firmsrate the stock as sell with a one year target stock price of $6.05
General Company Details For Baytex Energy (TSE:BTE)
Baytex Energy Corp. is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). The Company’s crude oil and natural gas operations are organized into three business units: Lloydminster, Central and United States. Each business unit has a portfolio of mineral leases, operated and non-operated properties and development prospects. The properties within the Lloydminster Business Unit include Cold Lake/Ardmore, Alberta; Carruthers, Saskatchewan; Celtic, Saskatchewan; Kerrobert/Hoosier, Saskatchewan, and Tangleflags, Saskatchewan. The properties within the Central Business Unit include Peace River, Alberta and Pembina, Alberta. The United States Business Unit includes operated assets, including working interest in approximately 2, 800 acres and non-operated assets, including working interests in over 80, and 100 acres.
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