Baytex Energy Corp (BTE) Director David Lawrence Pearce Sells 66,000 Shares

Baytex Energy Corp (TSE:BTE) (NYSE:BTE) Director David Lawrence Pearce sold 66,000 shares of the business’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of C$2.61, for a total transaction of C$172,260.00.

David Lawrence Pearce also recently made the following trade(s):

  • On Friday, November 16th, David Lawrence Pearce sold 70,000 shares of Baytex Energy stock. The shares were sold at an average price of C$2.58, for a total transaction of C$180,600.00.

Shares of TSE:BTE traded down C$0.02 on Monday, hitting C$2.58. The company had a trading volume of 5,254,465 shares, compared to its average volume of 4,912,805. Baytex Energy Corp has a 1-year low of C$2.21 and a 1-year high of C$6.23. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 63.50.

Several equities analysts have commented on BTE shares. TD Securities decreased their price objective on shares of Baytex Energy from C$6.00 to C$5.50 and set a “buy” rating on the stock in a report on Monday, November 5th. Royal Bank of Canada decreased their price objective on shares of Baytex Energy from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Monday, November 5th. Raymond James upgraded shares of Baytex Energy from a “market perform” rating to an “outperform” rating and set a C$4.75 price objective on the stock in a report on Monday, November 5th. CIBC upgraded shares of Baytex Energy from a “neutral” rating to an “outperform” rating in a report on Friday, August 24th. Finally, BMO Capital Markets decreased their price objective on shares of Baytex Energy from C$5.25 to C$4.75 in a report on Tuesday, October 9th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$5.85.

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About Baytex Energy

Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. It offers heavy oil, heavy gravity crude oil, bitumen, light oil, and natural gas liquids. Its primary oil resource plays include the Eagle Ford in Texas, and the Peace River Oil Sands and Lloydminster heavy oil projects in North America.

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