BTE Similar Chart Price Prediction
The price of BTE is predicted to go up -6.79%, based on the high correlation periods with ARCO. The similarity of these two price pattern on the periods is 97.3%.
BTE
ARCO
Down: -6.79%Similarity: 97.3%
BTE Revenue Forecast
BTE EPS Forecast
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BTE Analyst's Forecast
Luke Davis
Raymond James
Hold
2024-10-18
Price Target
$5.5
Upside
+89%
Raymond James initiated coverage of Baytex Energy with a Market Perform rating and C$5.50 price target. The firm thinks positioning of the small-cap oil and gas producer group looks compelling with many of the equities trading at material discounts to both larger-cap peers and underlying resource value. While many of the business models have converged, differentiating by asset quality and duration, management track record and valuation "is a good starting point when coupled with a look at potential needle moving catalysts," the analyst tells investors in a research note.
