The Divisional Vice-President of Baytex Energy (Other OTC: BTEGF) is Buying Shares

By Carrie Williams

Today, the Divisional Vice-President of Baytex Energy (BTEGFResearch Report), Brian Gordon Ector, bought shares of BTEGF for $17.8K.

Following this transaction Brian Gordon Ector’s holding in the company was increased by 12% to a total of $128.1K. This is Ector’s first Buy trade following 3 Sell transactions.

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Currently, Baytex Energy has an average volume of 492.66K. BTEGF’s market cap is $397 million and the company has a P/E ratio of -0.20. The company has a one-year high of $0.72 and a one-year low of $0.30.

Based on 7 analyst ratings, the analyst consensus is Hold with an average price target of $0.69, reflecting a -7.0% downside.

In the last 30 days, insiders have sold $57.23K worth of BTEGF shares and purchased $17.8K worth of BTEGF shares. The insider sentiment on Baytex Energy has been neutral according to 53 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Baytex Energy Corp. is an oil and gas exploration & production company, which engages in the acquisition, development and production of crude oil and natural gas. The company was founded on October 22, 2010 and is headquartered in Calgary, Canada.