Van ECK Associates Corp raised its position in shares of Baytex Energy Corp (NYSE:BTE) (TSE:BTE) by 46.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 168,906 shares of the oil and gas producer’s stock after buying an additional 53,451 shares during the period. Van ECK Associates Corp owned about 0.07% of Baytex Energy Corp worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BTE. JPMorgan Chase & Co. boosted its position in shares of Baytex Energy Corp by 63,346.0% during the second quarter. JPMorgan Chase & Co. now owns 361,642 shares of the oil and gas producer’s stock worth $878,000 after buying an additional 361,072 shares during the period. Formidable Asset Management LLC boosted its position in shares of Baytex Energy Corp by 982.4% during the first quarter. Formidable Asset Management LLC now owns 394,000 shares of the oil and gas producer’s stock worth $131,000 after buying an additional 357,600 shares during the period. BNP Paribas Arbitrage SA purchased a new position in shares of Baytex Energy Corp during the second quarter worth $891,000. Vanguard Group Inc. boosted its position in shares of Baytex Energy Corp by 4.8% during the first quarter. Vanguard Group Inc. now owns 4,443,765 shares of the oil and gas producer’s stock worth $15,198,000 after buying an additional 204,913 shares during the period. Finally, Sprott Inc. boosted its position in shares of Baytex Energy Corp by 17.4% during the second quarter. Sprott Inc. now owns 540,000 shares of the oil and gas producer’s stock worth $1,312,000 after buying an additional 80,000 shares during the period. Institutional investors and hedge funds own 15.79% of the company’s stock.

Several research firms have recently commented on BTE. UBS AG lowered Baytex Energy Corp from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 5th. Zacks Investment Research upgraded Baytex Energy Corp from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Raymond James Financial, Inc. lowered Baytex Energy Corp from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 5th. Scotiabank lowered Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a research report on Thursday, June 29th. Finally, BidaskClub lowered Baytex Energy Corp from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $7.44.

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Baytex Energy Corp (NYSE BTE) opened at 3.01 on Friday. The stock’s market capitalization is $708.70 million. Baytex Energy Corp has a 12-month low of $2.13 and a 12-month high of $5.61. The company has a 50-day moving average price of $2.61 and a 200-day moving average price of $2.88.

Baytex Energy Corp (NYSE:BTE) (TSE:BTE) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.17. The business had revenue of $207.22 million during the quarter. Baytex Energy Corp had a negative return on equity of 5.17% and a negative net margin of 38.91%. On average, equities research analysts forecast that Baytex Energy Corp will post ($0.18) earnings per share for the current year.

Baytex Energy Corp 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.

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

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