Baytex Energy Corp (BTE) Shares are Up 10.39%

Baytex Energy Corp (BTE) has been under a strong bear grip, hence the stock is down -9.85% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 10.21% in the past 1 week. The stock has risen by 10.39% in the past week indicating that the buyers are active at lower levels, but the stock is down -10.34% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.24% and the 50-Day Moving Average is 8.41%.The 200 Day SMA reached 3.72%

Baytex

Baytex Energy Corp (NYSE:BTE): The stock opened in the green at $4.36 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $4.38 and a low of $4.22 for the day. The stock did not find buyers even at the lows and closed at $4.25 recording a loss of -1.16%. 2,099,837 shares exchanged hands during the trading day. The stock had closed at $4.25 in the previous days trading.

Baytex Energy Corp (BTE) : 5 Wall Street analysts covering Baytex Energy Corp (BTE) believe that the average level the stock could reach for the short term is $5.86. The maximum price target given is $8 and the minimum target for short term is around $4, hence the standard deviation is calculated at $1.53.

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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