Credit: Shutterstock photoBaytex Energy Corp. ( BTE ) was a big mover last session, as the company saw its shares rise roughly 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The share price gain also came on the back of the company's confirmation of the monthly dividend for December at 10 cents per share. This reverses the recent trend for the company as the stock is now down slightly over 42% since Nov 21, 2014.
In spite of the company seeing 2 negative revisions in the past 7 days, its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Baytex Energy. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.
Baytex Energy Corp. currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in same industry is Sandridge Mississippian Trust II ( SDR ), sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BAYTEX ENERGY (BTE): Free Stock Analysis Report
SANDRDG MS T II (SDR): Get Free Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
