Insider Selling: Baytex Energy Corp (BTE) Insider Sells 16,000 Shares of Stock

Baytex Energy Corp (TSE:BTE) (NYSE:BTE) insider Brian Gordon Ector sold 16,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of C$4.12, for a total value of C$65,920.00.

Shares of Baytex Energy Corp (BTE) traded down C$0.02 during mid-day trading on Friday, reaching C$4.07. The company had a trading volume of 3,447,400 shares, compared to its average volume of 2,960,000. The stock has a market cap of $958.28, a price-to-earnings ratio of -2.53 and a beta of 3.04. Baytex Energy Corp has a one year low of C$2.76 and a one year high of C$5.97.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its earnings results on Thursday, November 2nd. The company reported C($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C($0.23) by C$0.19. Baytex Energy had a negative return on equity of 1.97% and a negative net margin of 4.63%.

A number of analysts have recently weighed in on BTE shares. AltaCorp Capital cut Baytex Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 6th. Barclays cut Baytex Energy from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from C$3.50 to C$2.50 in a research report on Monday, October 30th. National Bank Financial raised their price objective on Baytex Energy from C$3.75 to C$4.25 and gave the stock a “sector perform” rating in a research report on Friday, November 3rd. Royal Bank of Canada raised their price objective on Baytex Energy from C$4.00 to C$4.50 and gave the stock a “sector perform” rating in a research report on Friday, November 3rd. Finally, Raymond James Financial raised their price objective on Baytex Energy from C$3.50 to C$4.00 and gave the stock an “underperform” rating in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of C$4.94.

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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.

Insider Buying and Selling by Quarter for Baytex Energy (TSE:BTE)

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