Baytex Energy Corp. (BTE) Reaches $4.14 After 5.00% Down Move; 5 Analysts Bullish Vermilion Energy Inc. (TSE:VET)

June 14, 2018 - By Michael Collier

Baytex Energy Corp. (NYSE:BTE) Logo

The stock of Baytex Energy Corp. (NYSE:BTE) is a huge mover today! The stock decreased 2.59% or $0.11 during the last trading session, reaching $4.14. About 1.09M shares traded. Baytex Energy Corp. (NYSE:BTE) has risen 34.20% since June 14, 2017 and is uptrending. It has outperformed by 21.63% the S&P500. Some Historical BTE News: ; 05/04/2018 – Baytex Energy Non-Deal Roadshow Set By AltaCorp for Apr. 12-13; 03/05/2018 – BAYTEX ENERGY – 2018 PRODUCTION GUIDANCE RANGE UNCHANGED WITH BUDGETED EXPLORATION AND DEVELOPMENT CAPITAL EXPENDITURES OF $325 TO $375 MLN; 27/03/2018 – Baytex Mails Information Circular in Connection With Annual Meeting of Shareholders; 27/04/2018 – Baytex Conference Call and Webcast on First Quarter 2018 Results to Be Held on May 4, 2018; 09/03/2018 – Baytex Energy Files 2017 Year-End Disclosure Documents; 12/03/2018 – Report: Exploring Fundamental Drivers Behind Fiat Chrysler Automobiles N.V, Baytex Energy, Toronto Dominion Bank, VALE S.A, Con; 03/05/2018 – Baytex Reports Election of Directors; 06/03/2018 – BAYTEX ENERGY CORP – QTRLY AFFO PER DILUTED SHARE $0.44; 06/03/2018 Baytex Reports 2017 Results With 26% Increase in Adjusted Funds Flow, 6% Increase in Reserves and Strong Eagle Ford Performance; 09/03/2018 – BAYTEX ENERGY CORP BTE.TO : GMP RAISES TO BUY FROM HOLDThe move comes after 6 months negative chart setup for the $984.17M company. It was reported on Jun, 14 by Barchart.com. We have $3.93 PT which if reached, will make NYSE:BTE worth $49.21M less.




Among 7 analysts covering Vermilion Energy Inc. (TSE:VET), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Vermilion Energy Inc. had 35 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Vermilion Energy Inc. (TSE:VET) earned “Outperform” rating by Scotia Capital on Monday, May 1. The firm earned “Sell” rating on Thursday, November 5 by Goldman Sachs. The stock has “Neutral” rating by Dundee Securities on Tuesday, January 12. On Tuesday, August 11 the stock rating was upgraded by Desjardins Securities to “Buy”. TD Securities maintained the stock with “Buy” rating in Tuesday, April 11 report. TD Securities maintained it with “Buy” rating and $69 target in Tuesday, August 11 report. The stock of Vermilion Energy Inc. (TSE:VET) earned “Outperform” rating by RBC Capital Markets on Friday, January 29. IBC initiated the stock with “Outperform” rating in Wednesday, June 15 report. The firm earned “Outperform” rating on Wednesday, June 29 by Scotia Capital. The stock has “Overweight” rating by Barclays Capital on Wednesday, June 29. See Vermilion Energy Inc. (TSE:VET) latest ratings:

The stock decreased 0.72% or $0.33 during the last trading session, reaching $45.58. About 538,877 shares traded. Vermilion Energy Inc. (TSE:VET) has 0.00% since June 14, 2017 and is . It has underperformed by 12.57% the S&P500. Some Historical VET News: ; 16/04/2018 – SPARTAN ENERGY – SPARTAN SHAREHOLDERS WILL RECEIVE AN ANNUALIZED DIVIDEND OF $0.41 PER SHARE BASED ON SHARE EXCHANGE RATIO ($2.76 PER VERMILION SHARE); 16/04/2018 – Vermilion/Spartan Deal Represents 5% Premium to Spartan’s Closing Price Friday; 26/04/2018 – VERMILION ENERGY INC. ANNOUNCES RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2018; 16/04/2018 – VERMILION ENERGY – BOARD OF CO, SPARTAN UNANIMOUSLY APPROVED ARRANGEMENT, RECOMMENDED THAT SPARTAN SHAREHOLDERS VOTE IN FAVOUR OF ARRANGEMENT; 28/05/2018 – Vermilion Energy Negotiates Extension of Revolving Credit Facility; 28/05/2018 – VERMILION ENERGY INC. ANNOUNCES CLOSING OF ACQUISITION OF SPARTAN ENERGY CORP. AND CREDIT FACILITY EXTENSION AND INCREASE; 26/04/2018 – Vermilion Energy 1Q FFO C$1.29/Shr; 28/05/2018 – Vermilion Energy Increases Total Facility Amount to $1.6B From $1.4B; 16/04/2018 – VERMILION ENERGY INC – AS A RESULT OF DEAL,CO REVISING 2018 PRODUCTION GUIDANCE TO A RANGE OF 86,000 TO 90,000 BOE/D; 16/04/2018 – Vermilion to Buy Spartan Energy for C$1.23 Billion (Correct)

Vermilion Energy Inc. acquires, explores, develops, and produces natural gas and crude oil in North America, Europe, and Australia. The company has market cap of $6.93 billion. As of December 31, 2016, it owned 74% interest in 328,500 net acres of developed land and 89% interest in 500,300 net acres of undeveloped land, as well as 358 net producing natural gas wells and 445 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 100% interest in 336,600 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 331 net producing oil wells in France. It has a 131.73 P/E ratio. The firm also owned 56% interest in 841,500 net acres of land, as well as 37 net producing gas wells in the Netherlands; 25,800 net acres of developed and 1,054,900 net acres of undeveloped land, as well as 111 net producing oil wells and 7 net producing natural gas wells in Germany; and 97,200 net acres of land and 9 net producing oil wells in the United States.

Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of natural gas and crude oil in the Western Canadian Sedimentary Basin and Eagle Ford in the United States. The company has market cap of $984.17 million. The firm offers heavy oil, light oil, condensate, and natural gas liquids. It has a 106.15 P/E ratio. As of March 7, 2017, it had proved plus probable reserve of 406 million barrels of oil equivalent; and proved reserves of 253 million barrels of oil equivalent.

Analysts await Baytex Energy Corp. (NYSE:BTE) to report earnings on August, 7. They expect $-0.09 EPS, down 400.00% or $0.12 from last year’s $0.03 per share. After $-0.21 actual EPS reported by Baytex Energy Corp. for the previous quarter, Wall Street now forecasts -57.14% EPS growth.

Among 11 analysts covering Baytex Energy Trust (NYSE:BTE), 2 have Buy rating, 2 Sell and 7 Hold. Therefore 18% are positive. Baytex Energy Trust had 24 analyst reports since July 21, 2015 according to SRatingsIntel. Altacorp downgraded Baytex Energy Corp. (NYSE:BTE) on Monday, August 24 to “Sector Perform” rating. The stock of Baytex Energy Corp. (NYSE:BTE) earned “Buy” rating by Canaccord Genuity on Monday, August 24. Scotia Capital maintained Baytex Energy Corp. (NYSE:BTE) rating on Friday, August 21. Scotia Capital has “Outperform” rating and $18 target. The stock of Baytex Energy Corp. (NYSE:BTE) earned “Market Perform” rating by FirstEnergy Capital on Monday, August 31. The stock of Baytex Energy Corp. (NYSE:BTE) has “Sector Perform” rating given on Wednesday, September 23 by IBC. The firm has “Neutral” rating by Macquarie Research given on Friday, May 4. The firm has “Sector Perform” rating by Scotia Capital given on Thursday, June 29. BMO Capital Markets initiated Baytex Energy Corp. (NYSE:BTE) rating on Thursday, January 14. BMO Capital Markets has “Underperform” rating and $3.50 target. The rating was downgraded by Barclays Capital to “Underweight” on Monday, October 30. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, July 29.

Another recent and important Baytex Energy Corp. (NYSE:BTE) news was published by Fool.ca which published an article titled: “A Closer Look at What’s Taken Place in Commodities Markets This Year” on June 12, 2018.

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