Luminus Management LLC lifted its stake in shares of Baytex Energy Corp (NYSE:BTE) (TSE:BTE) by 27.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,267,300 shares of the oil and gas producer’s stock after buying an additional 2,019,700 shares during the quarter. Luminus Management LLC owned 3.94% of Baytex Energy worth $27,814,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Baytex Energy by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,593,778 shares of the oil and gas producer’s stock valued at $11,163,000 after buying an additional 150,013 shares during the period. JPMorgan Chase & Co. increased its holdings in Baytex Energy by 776.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,171,372 shares of the oil and gas producer’s stock worth $9,641,000 after purchasing an additional 2,809,730 shares during the last quarter. Schroder Investment Management Group increased its holdings in Baytex Energy by 3.3% during the 3rd quarter. Schroder Investment Management Group now owns 3,126,500 shares of the oil and gas producer’s stock worth $11,849,000 after purchasing an additional 98,700 shares during the last quarter. Deutsche Bank AG increased its holdings in Baytex Energy by 3.7% during the 4th quarter. Deutsche Bank AG now owns 1,276,775 shares of the oil and gas producer’s stock worth $3,830,000 after purchasing an additional 45,794 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in Baytex Energy during the 4th quarter worth approximately $2,962,000. Institutional investors and hedge funds own 21.51% of the company’s stock.
Several equities research analysts have issued reports on the company. AltaCorp Capital upgraded Baytex Energy from a “sector perform” rating to an “outperform” rating in a report on Wednesday, February 14th. GMP Securities downgraded Baytex Energy from a “buy” rating to a “hold” rating in a report on Monday, December 11th. ValuEngine downgraded Baytex Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research upgraded Baytex Energy from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a report on Friday. Five analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Baytex Energy currently has a consensus rating of “Hold” and a consensus price target of $4.42.
Baytex Energy (NYSE:BTE) (TSE:BTE) last issued its earnings results on Tuesday, March 6th. The oil and gas producer reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.03. The company had revenue of $302.19 million during the quarter, compared to analyst estimates of $278.72 million. Baytex Energy had a negative return on equity of 0.82% and a net margin of 10.56%. The business’s revenue was up 29.6% on a year-over-year basis. During the same quarter last year, the firm earned ($1.66) EPS. research analysts expect that Baytex Energy Corp will post -0.44 earnings per share for the current year.
Baytex Energy 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.
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.