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

Shares of Baytex Energy Corp. (TSE BTE) traded down C$0.06 during mid-day trading on Thursday, hitting C$3.75. The stock had a trading volume of 3,192,700 shares, compared to its average volume of 3,315,330. Baytex Energy Corp. has a 1-year low of C$2.76 and a 1-year high of C$6.97.

A number of research firms have recently weighed in on BTE. GMP Securities raised shares of Baytex Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from C$4.00 to C$5.00 in a research report on Monday, November 13th. BMO Capital Markets raised their price target on shares of Baytex Energy from C$3.50 to C$4.00 in a report on Friday, November 3rd. Raymond James Financial increased their price objective on shares of Baytex Energy from C$3.50 to C$4.00 and gave the stock an “underperform” rating in a research note on Friday, November 3rd. Royal Bank of Canada increased their price objective on shares of Baytex Energy from C$4.00 to C$4.50 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. Finally, National Bank Financial raised their target price on shares of Baytex Energy from C$3.75 to C$4.25 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Baytex Energy currently has an average rating of “Hold” and a consensus price target 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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