Murray Joseph Desrosiers Sells 13,500 Shares of Baytex Energy Corp. (BTE) Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) insider Murray Joseph Desrosiers sold 13,500 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of C$3.78, for a total transaction of C$51,030.00.

Baytex Energy Corp. (TSE BTE) traded down C$0.17 during trading hours on Friday, hitting C$3.58. 2,274,293 shares of the stock traded hands, compared to its average volume of 3,311,028. Baytex Energy Corp. has a one year low of C$2.76 and a one year high of C$6.97.

A number of equities analysts recently issued reports on the stock. Barclays lowered shares of Baytex Energy from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from C$3.50 to C$2.50 in a research report on Monday, October 30th. AltaCorp Capital lowered shares of Baytex Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 6th. Raymond James Financial increased their target price on shares of Baytex Energy from C$3.50 to C$4.00 and gave the company an “underperform” rating in a research report on Friday, November 3rd. Royal Bank of Canada increased their target price on shares of Baytex Energy from C$4.00 to C$4.50 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. Finally, GMP Securities upgraded shares of Baytex Energy from a “hold” rating to a “buy” rating and increased their target price for the company from C$4.00 to C$5.00 in a research report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$4.98.

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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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