Baytex Energy Corp (BTE) Director John Albert Brussa Sells 4,636 Shares

Baytex Energy Corp (TSE:BTE) (NYSE:BTE) Director John Albert Brussa sold 4,636 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$19,100.32.

Baytex Energy Corp (BTE) traded down C$0.02 during mid-day trading on Monday, reaching C$4.07. The company’s stock had a trading volume of 3,447,446 shares, compared to its average volume of 3,201,344. The company has a market cap of $970.06, a PE ratio of -2.53 and a beta of 3.04. Baytex Energy Corp has a 52-week low of C$2.76 and a 52-week high of C$5.97.

Baytex Energy (TSE:BTE) (NYSE:BTE) last released 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%.

Several analysts recently commented on the company. 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 note on Friday, November 3rd. BMO Capital Markets raised their price objective on Baytex Energy from C$3.50 to C$4.00 in a research note 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 note on Friday, November 3rd. Barclays downgraded Baytex Energy from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from C$3.50 to C$2.50 in a research note on Monday, October 30th. Finally, AltaCorp Capital raised Baytex Energy from a “sector perform” rating to an “outperform” rating in a research note on Monday, January 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Baytex Energy has a consensus rating of “Hold” and an average price target of C$4.94.

COPYRIGHT VIOLATION WARNING: “Baytex Energy Corp (BTE) Director John Albert Brussa Sells 4,636 Shares” was posted by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/01/22/baytex-energy-corp-bte-director-john-albert-brussa-sells-4636-shares.html.

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)

Receive News & Ratings for Baytex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baytex Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply