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Baytex Energy Corp. (BTE) Reaches $3.40 After 4.00% Up Move; Southwest Airlines Co Has 0.96 Sentiment

Baytex Energy Corp. (NYSE:BTE) Logo

Southwest Airlines Co (LUV) investors sentiment increased to 0.96 in Q4 2017. It’s up 0.07, from 0.89 in 2017Q3. The ratio has improved, as 304 active investment managers increased and started new holdings, while 317 trimmed and sold holdings in Southwest Airlines Co. The active investment managers in our database reported: 452.86 million shares, up from 441.14 million shares in 2017Q3. Also, the number of active investment managers holding Southwest Airlines Co in top ten holdings increased from 15 to 20 for an increase of 5. Sold All: 43 Reduced: 274 Increased: 188 New Position: 116.

The stock of Baytex Energy Corp. (NYSE:BTE) is a huge mover today! The stock increased 3.03% or $0.1 during the last trading session, reaching $3.4. About 569,383 shares traded. Baytex Energy Corp. (NYSE:BTE) has declined 13.40% since April 16, 2017 and is downtrending. It has underperformed by 24.95% the S&P500.The move comes after 5 months positive chart setup for the $772.01M company. It was reported on Apr, 16 by We have $3.54 PT which if reached, will make NYSE:BTE worth $30.88 million more.

Among 10 analysts covering Baytex Energy Trust (NYSE:BTE), 2 have Buy rating, 2 Sell and 6 Hold. Therefore 20% are positive. Baytex Energy Trust had 23 analyst reports since July 21, 2015 according to SRatingsIntel. FirstEnergy Capital maintained Baytex Energy Corp. (NYSE:BTE) rating on Monday, August 31. FirstEnergy Capital has “Market Perform” rating and $9 target. Barclays Capital downgraded the stock to “Underweight” rating in Monday, October 30 report. The stock of Baytex Energy Corp. (NYSE:BTE) has “Sector Perform” rating given on Monday, August 24 by National Bank Canada. The firm earned “Equal-Weight” rating on Monday, August 24 by Barclays Capital. Raymond James maintained the shares of BTE in report on Wednesday, August 26 with “Market Perform” rating. The stock of Baytex Energy Corp. (NYSE:BTE) has “Equal-Weight” rating given on Friday, July 29 by Barclays Capital. The firm has “Outperform” rating by Scotia Capital given on Friday, August 21. The stock of Baytex Energy Corp. (NYSE:BTE) earned “Sector Perform” rating by RBC Capital Markets on Monday, December 7. The stock has “Buy” rating by Canaccord Genuity on Monday, August 24. The firm has “Buy” rating by GMP Securities given on Monday, November 13.

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 $772.01 million. The firm offers heavy oil, light oil, condensate, and natural gas liquids. It has a 11.76 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 May, 3. They expect $-0.13 earnings per share, down 425.00% or $0.17 from last year’s $0.04 per share. After $-0.08 actual earnings per share reported by Baytex Energy Corp. for the previous quarter, Wall Street now forecasts 62.50% negative EPS growth.

Ratings analysis reveals 100% of Southwest Air’s analysts are positive. Out of 6 Wall Street analysts rating Southwest Air, 6 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $46.0 while the high is $57.0. The stock’s average target of $51.33 is -6.81% below today’s ($55.08) share price. LUV was included in 6 notes of analysts from September 9, 2016. The company was upgraded on Thursday, January 5 by Morgan Stanley. On Friday, January 27 the stock rating was maintained by Cowen & Co with “Outperform”. The rating was initiated by Citigroup on Friday, November 18 with “Buy”. The firm earned “Outperform” rating on Tuesday, October 11 by Bernstein. Imperial Capital initiated Southwest Airlines Co. (NYSE:LUV) rating on Friday, September 9. Imperial Capital has “Outperform” rating and $46.0 target. The firm has “Overweight” rating by JP Morgan given on Thursday, October 27.

Greenbrier Partners Capital Management Llc holds 14.83% of its portfolio in Southwest Airlines Co. for 1.26 million shares. Provident Trust Co owns 2.68 million shares or 7.17% of their US portfolio. Moreover, Gibraltar Capital Management Inc. has 6.34% invested in the company for 121,930 shares. The Texas-based U S Global Investors Inc has invested 5.91% in the stock. Dalal Street Llc, a California-based fund reported 300,975 shares.

Southwest Airlines Co. operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. The company has market cap of $32.06 billion. As of December 31, 2016, the firm operated a total of 723 Boeing 737 aircraft; and served 101 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 8 near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, and Cuba. It has a 9.51 P/E ratio. It also sells frequent flyer points and related services to business partners participating in the Rapid Rewards frequent flyer program, such as car rental agencies, hotels, restaurants, and retailers.

Analysts await Southwest Airlines Co. (NYSE:LUV) to report earnings on April, 26. They expect $0.81 EPS, up 32.79% or $0.20 from last year’s $0.61 per share. LUV’s profit will be $471.43 million for 17.00 P/E if the $0.81 EPS becomes a reality. After $0.77 actual EPS reported by Southwest Airlines Co. for the previous quarter, Wall Street now forecasts 5.19% EPS growth.

The stock increased 0.02% or $0.01 during the last trading session, reaching $55.08. About 821,689 shares traded. Southwest Airlines Co. (LUV) has risen 7.20% since April 16, 2017 and is uptrending. It has underperformed by 4.35% the S&P500.

Southwest Airlines Co. (NYSE:LUV) Institutional Positions Chart

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