Baytex Energy (TSE:BTE) target price raised to $7.50, reported today by TD Securities
- Updated: September 18, 2016
Displaying a price of $5.72, Baytex Energy (TSE:BTE) traded 0.76% lower on the day. The last stock close 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. BTE has been tracking to a 50-day moving average of $6.24 and 200-day average of $6.21. 3,719,048 shares of the stock traded, down from ann avg. trading volume of 6,086,520
Baytex Energy (TSE:BTE) had its price target upped to $8 by TD Securities in an issued report issued 8/3/2016. The increased target price indicates a potential upside of 0.31% based on the bussiness’ most recent stock close price.
On 7/29/2016, Barclays Capital released a statement for Baytex Energy(TSE:BTE) lowered the target price from $9.00 to $8.00 that indicated a possible upside of 0.31%.
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A total of 14 firms have reported on Baytex Energy. One analyst rate the company a strong buy, three firms rate the stock a buy, 11 analyts rate the stock a hold, 0 rate the company to underperform, and finally 0 brokeragesrate the stock as sell with a consensus target price of $6.05
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.
General Information About 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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