Baytex Energy Corp (BTE) Insider Edward David Lafehr Purchases 41,494 Shares of Stock
Baytex Energy Corp (TSE:BTE) (NYSE:BTE) insider Edward David Lafehr acquired 41,494 shares of the business’s stock in a transaction dated Tuesday, November 20th. The shares were bought at an average cost of C$2.41 per share, for a total transaction of C$100,000.54.
Shares of BTE traded up C$0.11 on Wednesday, reaching C$2.47. The company’s stock had a trading volume of 1,499,947 shares, compared to its average volume of 4,905,898. The company has a debt-to-equity ratio of 63.50, a quick ratio of 0.54 and a current ratio of 0.55. Baytex Energy Corp has a twelve month low of C$2.21 and a twelve month high of C$6.23.
A number of equities analysts have recently issued reports on the stock. National Bank Financial increased their price objective on shares of Baytex Energy from C$5.25 to C$7.25 and gave the stock an “outperform” rating in a research report on Tuesday, July 24th. CIBC raised shares of Baytex Energy from a “neutral” rating to an “outperform” rating in a research report on Friday, August 24th. Raymond James raised shares of Baytex Energy from an “underperform” rating to a “market perform” rating and cut their price objective for the stock from C$5.00 to C$4.75 in a research report on Thursday, August 23rd. BMO Capital Markets cut their price objective on shares of Baytex Energy from C$5.25 to C$4.75 in a research report on Tuesday, October 9th. Finally, Royal Bank of Canada lowered their target price on shares of Baytex Energy from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Monday, November 5th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$5.85.
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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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