Baytex Energy Corp. (BTE) Insider Sells C$51,030.00 in Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) insider Murray Joseph Desrosiers sold 13,500 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of C$3.78, for a total value of C$51,030.00.

Baytex Energy Corp. (TSE:BTE) traded down C$0.17 during trading on Friday, reaching C$3.58. The company’s stock had a trading volume of 2,270,000 shares, compared to its average volume of 3,850,000. Baytex Energy Corp. has a 1-year low of C$2.76 and a 1-year high of C$6.97.

Several research firms have commented on BTE. AltaCorp Capital lowered Baytex Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 6th. Barclays lowered 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 upped 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 upped 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 upped 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 equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$4.98.

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Baytex Energy 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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