Insider Selling: Baytex Energy Corp (BTE) Director Sells 10,000 Shares of Stock
Baytex Energy Corp (TSE:BTE) (NYSE:BTE) Director John Albert Brussa sold 10,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of C$3.48, for a total transaction of C$34,800.00.
John Albert Brussa also recently made the following trade(s):
- On Thursday, August 3rd, John Albert Brussa sold 125,000 shares of Baytex Energy Corp stock. The shares were sold at an average price of C$3.58, for a total transaction of C$447,500.00.
- On Tuesday, July 4th, John Albert Brussa sold 4,785 shares of Baytex Energy Corp stock. The shares were sold at an average price of C$3.16, for a total transaction of C$15,120.60.
Shares of Baytex Energy Corp (TSE BTE) traded up 2.69% during midday trading on Thursday, reaching $3.43. 3,818,099 shares of the company’s stock traded hands. The company’s market capitalization is $807.59 million. The company has a 50-day moving average of $3.27 and a 200-day moving average of $3.83. Baytex Energy Corp has a one year low of $2.76 and a one year high of $7.35.
A number of equities research analysts have recently issued reports on BTE shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$3.50 price objective on shares of Baytex Energy Corp in a research note on Tuesday, June 27th. Canaccord Genuity increased their price target on shares of Baytex Energy Corp from C$3.50 to C$4.25 in a research report on Wednesday, August 2nd. Finally, TD Securities increased their price target on shares of Baytex Energy Corp from C$4.00 to C$4.25 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Baytex Energy Corp has an average rating of “Hold” and a consensus target price of C$6.09.
Baytex Energy Corp Company Profile
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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