Short Interest to Follow: Is Baytex Energy Corporation (NYSE:BTE) a Buy? The Stock Reported more Sellers

November 28, 2016 - By Vivian Park   ·   0 Comments

Short Interest to Follow: Is Baytex Energy Corporation (NYSE:BTE) a Buy? The Stock Reported more Sellers

The stock of Baytex Energy Corporation (NYSE:BTE) registered an increase of 3.5% in short interest. BTE’s total short interest was 24.98 million shares in November as published by FINRA. Its up 3.5% from 24.14M shares, reported previously. With 2.28 million shares average volume, it will take short sellers 11 days to cover their BTE’s short positions. The short interest to Baytex Energy Corporation’s float is 11.98%. About 630,271 shares traded hands. Baytex Energy Corp (USA) (NYSE:BTE) has declined 21.38% since April 25, 2016 and is downtrending. It has underperformed by 27.40% the S&P500.

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 and in the United States (Texas). The company has a market cap of $797.13 million. The Company’s natural gas and crude oil activities are organized into three business units: Lloydminster, Central 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 (USA) (NYSE:BTE) Ratings Coverage

Out of 8 analysts covering Baytex Energy Trust (NYSE:BTE), 1 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 13% are positive. Baytex Energy Trust has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by IBC on Wednesday, September 23. The stock of Baytex Energy Corp (USA) (NYSE:BTE) earned “Equal-Weight” rating by Barclays Capital on Monday, August 24. As per Monday, August 31, the company rating was maintained by FirstEnergy Capital. As per Thursday, January 14, the company rating was initiated by BMO Capital Markets. The stock of Baytex Energy Corp (USA) (NYSE:BTE) earned “Sector Perform” rating by National Bank Canada on Monday, August 24. The stock of Baytex Energy Corp (USA) (NYSE:BTE) has “Market Perform” rating given on Wednesday, August 26 by Raymond James. The firm has “Buy” rating given on Monday, August 24 by Canaccord Genuity. RBC Capital Markets initiated it with “Sector Perform” rating and $8 target price in Monday, December 7 report. The rating was downgraded by Altacorp to “Sector Perform” on Monday, August 24. The firm has “Equal-Weight” rating given on Friday, July 29 by Barclays Capital.

BTE Company Profile

Baytex Energy Corp. (Baytex), incorporated on October 22, 2010, 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 natural gas and crude oil activities 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 Company’s subsidiaries include Baytex Energy Ltd. and Baytex Energy USA, Inc. Baytex Energy Ltd. is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in Canada. Baytex Energy USA, Inc. is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in the United States. It holds all of the operating assets in the United States.

More notable recent Baytex Energy Corp (USA) (NYSE:BTE) news were published by: Foxbusiness.com which released: “Baytex Energy Corp. Goes Shopping” on November 23, 2016, also Fool.ca with their article: “Baytex Energy Corp.: Should You Buy the Bounce?” published on November 21, 2016, Fool.com published: “3 Things Baytex Energy Corp.’s CEO Wants You to Know About Its Q3 Results” on November 22, 2016. More interesting news about Baytex Energy Corp (USA) (NYSE:BTE) were released by: Fool.ca and their article: “Baytex Energy Corp.: Don’t Miss the Rebound” published on November 03, 2016 as well as Fool.ca‘s news article titled: “Why Baytex Energy Corp. Stands to Gain From a Trump Presidency” with publication date: November 11, 2016.

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By Vivian Park


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