Baytex Energy Corp (BTE) Director Buys C$171,200.00 in Stock
Baytex Energy Corp (TSE:BTE) (NYSE:BTE) Director John Albert Brussa bought 40,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was bought at an average cost of C$4.28 per share, for a total transaction of C$171,200.00.
John Albert Brussa also recently made the following trade(s):
- On Thursday, January 18th, John Albert Brussa sold 4,636 shares of Baytex Energy stock. The shares were sold at an average price of C$4.12, for a total transaction of C$19,100.32.
Shares of Baytex Energy Corp (TSE BTE) opened at C$4.14 on Friday. The stock has a market cap of $974.76, a PE ratio of -2.57 and a beta of 3.04. Baytex Energy Corp has a 1 year low of C$2.76 and a 1 year high of C$5.97.
A number of research firms have commented on BTE. CIBC upped their target price on shares of Baytex Energy from C$4.00 to C$4.50 in a research report on Tuesday, January 23rd. GMP Securities raised shares of Baytex Energy from a “hold” rating to a “buy” rating and upped their target price for the company from C$4.00 to C$5.00 in a research report on Monday, November 13th. Barclays upped their target price on shares of Baytex Energy from C$2.50 to C$4.00 in a research report on Wednesday, January 17th. AltaCorp Capital raised shares of Baytex Energy from a “sector perform” rating to an “outperform” rating in a research report on Monday, January 15th. Finally, Eight Capital set a C$5.30 target price on shares of Baytex Energy and gave the company a “neutral” rating in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Baytex Energy has a consensus rating of “Hold” and an average target price of C$4.82.
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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