KCG Holdings Inc. Buys 35,497 Shares of Baytex Energy Corp (BTE)

KCG Holdings Inc. increased its position in Baytex Energy Corp (NYSE:BTE) (TSE:BTE) by 109.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,821 shares of the oil and gas producer’s stock after buying an additional 35,497 shares during the period. KCG Holdings Inc.’s holdings in Baytex Energy Corp were worth $232,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp acquired a new position in Baytex Energy Corp during the first quarter valued at approximately $394,000. Dynamic Technology Lab Private Ltd boosted its stake in shares of Baytex Energy Corp by 138.3% in the first quarter. Dynamic Technology Lab Private Ltd now owns 63,506 shares of the oil and gas producer’s stock valued at $217,000 after buying an additional 36,851 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Baytex Energy Corp by 121.1% in the first quarter. Schroder Investment Management Group now owns 2,981,853 shares of the oil and gas producer’s stock valued at $13,687,000 after buying an additional 1,633,500 shares during the last quarter. Timber Hill LLC purchased a new stake in shares of Baytex Energy Corp during the first quarter valued at $106,000. Finally, Airain ltd purchased a new stake in shares of Baytex Energy Corp during the first quarter valued at $255,000. 19.61% of the stock is currently owned by hedge funds and other institutional investors.

Baytex Energy Corp (NYSE BTE) opened at 2.55 on Friday. The company has a 50 day moving average of $2.56 and a 200-day moving average of $3.08. Baytex Energy Corp has a 12-month low of $2.13 and a 12-month high of $5.61. The stock’s market cap is $600.40 million.

Baytex Energy Corp (NYSE:BTE) (TSE:BTE) last posted its earnings results on Tuesday, August 1st. The oil and gas producer reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.17. The company had revenue of $207.22 million for the quarter. Baytex Energy Corp had a negative return on equity of 5.17% and a negative net margin of 38.91%. Equities analysts forecast that Baytex Energy Corp will post ($0.18) earnings per share for the current year.

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Several equities research analysts have recently commented on the stock. AltaCorp Capital reaffirmed an “outperform” rating on shares of Baytex Energy Corp in a research report on Monday, May 15th. Raymond James Financial, Inc. cut shares of Baytex Energy Corp from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 5th. Scotiabank lowered shares of Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a research note on Thursday, June 29th. Zacks Investment Research lowered shares of Baytex Energy Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, BidaskClub lowered shares of Baytex Energy Corp from a “hold” rating to a “sell” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $7.44.

About Baytex Energy Corp

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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