Baytex Energy Corp. (BTE) Director Mark Bly Buys 15,000 Shares

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Director Mark Bly bought 15,000 shares of Baytex Energy stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average cost of C$2.96 per share, for a total transaction of C$44,400.00.

Shares of Baytex Energy Corp. (BTE) traded down C$0.06 during trading on Wednesday, hitting C$3.81. 2,160,300 shares of the stock were exchanged, compared to its average volume of 3,315,841. Baytex Energy Corp. has a fifty-two week low of C$2.76 and a fifty-two week high of C$7.04.

A number of analysts have weighed in on BTE shares. BMO Capital Markets raised their price objective on shares of Baytex Energy from C$3.50 to C$4.00 in a report on Friday, November 3rd. GMP Securities raised shares of Baytex Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$4.00 to C$5.00 in a report on Monday, November 13th. AltaCorp Capital cut shares of Baytex Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, October 6th. Royal Bank of Canada raised their price objective on shares of Baytex Energy from C$4.00 to C$4.50 and gave the stock a “sector perform” rating in a report on Friday, November 3rd. Finally, National Bank Financial raised their price objective on shares of Baytex Energy from C$3.75 to C$4.25 and gave the stock a “sector perform” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$4.98.

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About Baytex Energy

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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