Insider Selling: Baytex Energy Corp (TSE:BTE) Insider Sells 16,000 Shares of Stock

Baytex Energy Corp (TSE:BTE) (NYSE:BTE) insider Brian Gordon Ector sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of C$4.12, for a total value of C$65,920.00.

Shares of Baytex Energy Corp (BTE) traded up C$0.12 during trading on Monday, reaching C$3.28. The company had a trading volume of 2,562,300 shares, compared to its average volume of 3,360,607. The company has a market capitalization of $760.50, a price-to-earnings ratio of -2.04 and a beta of 2.94. Baytex Energy Corp has a 1-year low of C$2.76 and a 1-year high of C$5.38.

A number of research analysts have recently weighed in on BTE shares. CIBC raised their target price on Baytex Energy from C$4.00 to C$4.50 in a report on Tuesday, January 23rd. National Bank Financial raised their target price on Baytex Energy from C$4.25 to C$5.00 and gave the company a “sector perform” rating in a report on Tuesday, January 9th. Barclays raised their target price on Baytex Energy from C$2.50 to C$4.00 in a report on Wednesday, January 17th. GMP Securities upgraded Baytex Energy from a “hold” rating to a “buy” rating and raised their target price for the company from C$4.00 to C$5.00 in a report on Monday, November 13th. Finally, Raymond James Financial raised their target price on Baytex Energy from C$3.50 to C$4.00 and gave the company an “underperform” rating in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Baytex Energy presently has a consensus rating of “Hold” and a consensus price target of C$4.82.

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About Baytex Energy

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.

Insider Buying and Selling by Quarter for Baytex Energy (TSE:BTE)

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