Somewhat Positive Press Coverage Somewhat Unlikely to Impact Baytex Energy Corp (BTE) Stock Price
Headlines about Baytex Energy Corp (NYSE:BTE) (TSE:BTE) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Baytex Energy Corp earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media headlines about the oil and gas producer an impact score of 45.4456654386248 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Wells Fargo & Company, (NYSE: WFC), Baytex Energy Corp., (NYSE: BTE), Tiffany & Co., (NYSE: TIF), Seagate … – Stocks In The News (press release) (tradingnewsnow.com)
- ETFs with exposure to Baytex Energy Corp. : November 20, 2017 (finance.yahoo.com)
- Oil Prices: Is Another Tumble in the Forecast? (finance.yahoo.com)
- Why Baytex Energy Corp. Is Rallying Almost 10% Today – The Motley Fool Canada (fool.ca)
A number of analysts have recently commented on BTE shares. ValuEngine lowered shares of Baytex Energy Corp from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Canaccord Genuity restated a “buy” rating and set a $4.25 target price on shares of Baytex Energy Corp in a research report on Thursday, November 2nd. Zacks Investment Research lowered shares of Baytex Energy Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Barclays PLC lowered shares of Baytex Energy Corp from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 30th. Finally, GMP Securities upgraded shares of Baytex Energy Corp from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.80.
Baytex Energy Corp (NYSE BTE) opened at $3.12 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.74 and a quick ratio of 0.74. Baytex Energy Corp has a 1-year low of $2.13 and a 1-year high of $5.61.
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About Baytex Energy Corp
Baytex Energy Corp. (Baytex) 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 four business units: Lloydminster, Peace River, Conventional and United States.
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