Baytex Energy Corp (BTE) Stake Decreased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lessened its position in shares of Baytex Energy Corp (NYSE:BTE) (TSE:BTE) by 66.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,810 shares of the oil and gas producer’s stock after selling 97,014 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Baytex Energy were worth $163,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Fiera Capital Corp lifted its stake in Baytex Energy by 77.8% in the 2nd quarter. Fiera Capital Corp now owns 42,235 shares of the oil and gas producer’s stock valued at $140,000 after purchasing an additional 18,485 shares during the last quarter. Swiss National Bank lifted its stake in Baytex Energy by 6.4% in the 1st quarter. Swiss National Bank now owns 409,900 shares of the oil and gas producer’s stock valued at $1,122,000 after purchasing an additional 24,600 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Baytex Energy by 37.2% in the 2nd quarter. CIBC Asset Management Inc now owns 128,046 shares of the oil and gas producer’s stock valued at $426,000 after purchasing an additional 34,752 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Baytex Energy in the 2nd quarter valued at approximately $119,000. Finally, Jane Street Group LLC lifted its stake in Baytex Energy by 310.8% in the 1st quarter. Jane Street Group LLC now owns 49,300 shares of the oil and gas producer’s stock valued at $135,000 after purchasing an additional 37,300 shares during the last quarter. 29.68% of the stock is owned by institutional investors.

Shares of NYSE BTE opened at $2.83 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.91. Baytex Energy Corp has a 52-week low of $2.30 and a 52-week high of $4.85. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of -141.50 and a beta of 3.09.

Baytex Energy (NYSE:BTE) (TSE:BTE) last announced its quarterly earnings results on Tuesday, July 31st. The oil and gas producer reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.15). Baytex Energy had a negative net margin of 0.55% and a negative return on equity of 8.23%. The business had revenue of $269.39 million during the quarter. research analysts expect that Baytex Energy Corp will post -0.25 earnings per share for the current year.

Several equities analysts recently commented on BTE shares. Zacks Investment Research raised shares of Baytex Energy from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a research note on Tuesday, July 10th. TD Securities upgraded shares of Baytex Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. Desjardins upgraded shares of Baytex Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, June 19th. ValuEngine upgraded shares of Baytex Energy from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Finally, Raymond James upgraded shares of Baytex Energy to a “hold” rating and set a $5.00 price target for the company in a research report on Thursday, August 23rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $4.69.

Baytex Energy Profile

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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Institutional Ownership by Quarter for Baytex Energy (NYSE:BTE)

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