How many have done the same? Baytex Energy Corp (BTE) Shares Sold by TD Asset Management Inc.
Posted by Taylor Nule on Mar 26th, 2016
TD Asset Management Inc. decreased its stake in Baytex Energy Corp (NYSE:BTE) by 30.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,614,308 shares of the company’s stock after selling 690,290 shares during the period. TD Asset Management Inc. owned 0.77% of Baytex Energy Corp worth $5,206,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of BTE. Sprott Inc. boosted its position in shares of Baytex Energy Corp by 179.2% in the fourth quarter. Sprott Inc. now owns 1,675,000 shares of the company’s stock valued at $5,427,000 after buying an additional 1,075,000 shares during the last quarter. K.J. Harrison & Partners Inc boosted its position in shares of Baytex Energy Corp by 63.4% in the fourth quarter. K.J. Harrison & Partners Inc now owns 217,840 shares of the company’s stock valued at $705,000 after buying an additional 84,500 shares during the last quarter. Finally, Henderson Group PLC bought a new position in shares of Baytex Energy Corp during the fourth quarter valued at approximately $2,025,000.
Baytex Energy Corp (NYSE:BTE) opened at 3.80 on Friday. The firm’s market cap is $799.00 million. The company’s 50 day moving average is $2.81 and its 200-day moving average is $3.35. Baytex Energy Corp has a 1-year low of $1.08 and a 1-year high of $20.10.
Baytex Energy Corp (NYSE:BTE) last posted its quarterly earnings data on Thursday, March 3rd. The company reported ($1.96) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by $1.69. During the same quarter last year, the firm posted $1.47 EPS. The firm had revenue of $230.20 million for the quarter, compared to the consensus estimate of $237.56 million. The business’s revenue for the quarter was down 51.3% on a year-over-year basis. On average, analysts predict that Baytex Energy Corp will post ($0.95) EPS for the current fiscal year.
A number of brokerages have issued reports on BTE. Canaccord Genuity reissued a “buy” rating on shares of Baytex Energy Corp in a report on Tuesday, March 8th. RBC Capital reissued a “sector perform” rating and issued a $5.50 target price (up previously from $5.00) on shares of Baytex Energy Corp in a report on Monday, March 7th. National Bank Financial reissued a “sector perform” rating and issued a $7.00 target price on shares of Baytex Energy Corp in a report on Sunday, December 13th. Zacks Investment Research raised shares of Baytex Energy Corp from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a report on Tuesday, February 9th. Finally, Barclays reissued an “equal weight” rating and issued a $2.50 target price (down previously from $6.00) on shares of Baytex Energy Corp in a report on Wednesday, January 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $10.08.
Baytex Energy Corp. (NYSE:BTE), through its subsidiaries, is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (primarily in the provinces of Alberta and Saskatchewan) and in the United States (primarily in the state of Texas).