Baytex Energy Corp (BTE) Director Sells C$34,800.00 in Stock

Baytex Energy Corp (TSE:BTE) (NYSE:BTE) Director John Albert Brussa sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of C$3.48, for a total transaction of C$34,800.00.

John Albert Brussa also recently made the following trade(s):

  • On Thursday, August 3rd, John Albert Brussa sold 125,000 shares of Baytex Energy Corp stock. The stock was sold at an average price of C$3.58, for a total transaction of C$447,500.00.
  • On Tuesday, July 4th, John Albert Brussa sold 4,785 shares of Baytex Energy Corp stock. The stock was sold at an average price of C$3.16, for a total transaction of C$15,120.60.

Shares of Baytex Energy Corp (BTE) traded down 4.37% during mid-day trading on Friday, hitting $3.28. 2,973,129 shares of the company were exchanged. The firm has a 50 day moving average of $3.26 and a 200 day moving average of $3.81. The company’s market capitalization is $772.28 million. Baytex Energy Corp has a 12-month low of $2.76 and a 12-month high of $7.35.

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A number of equities research analysts have commented on BTE shares. Canaccord Genuity increased their price objective on shares of Baytex Energy Corp from C$3.50 to C$4.25 in a report on Wednesday, August 2nd. BMO Capital Markets reissued a “market perform” rating and set a C$3.50 price objective on shares of Baytex Energy Corp in a report on Tuesday, June 27th. Finally, TD Securities increased their price objective on shares of Baytex Energy Corp from C$4.00 to C$4.25 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$6.09.

Baytex Energy Corp Company 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.

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