Baytex Energy Corp (BTE) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank grew its stake in Baytex Energy Corp (NYSE:BTE) (TSE:BTE) by 354.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,344,358 shares of the oil and gas producer’s stock after buying an additional 1,048,744 shares during the quarter. Toronto Dominion Bank’s holdings in Baytex Energy were worth $3,904,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BTE. Russell Investments Group Ltd. acquired a new position in shares of Baytex Energy in the second quarter valued at approximately $119,000. AMP Capital Investors Ltd acquired a new position in shares of Baytex Energy in the second quarter valued at approximately $131,000. Fiera Capital Corp boosted its holdings in shares of Baytex Energy by 77.8% in the second quarter. Fiera Capital Corp now owns 42,235 shares of the oil and gas producer’s stock valued at $140,000 after buying an additional 18,485 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Baytex Energy in the second quarter valued at approximately $168,000. Finally, DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of Baytex Energy in the third quarter valued at approximately $250,000. Institutional investors own 17.13% of the company’s stock.

Several research firms have recently weighed in on BTE. ValuEngine cut shares of Baytex Energy from a “hold” rating to a “sell” rating in a report on Friday, September 14th. Royal Bank of Canada reiterated an “average” rating and issued a $5.50 price target on shares of Baytex Energy in a report on Tuesday, November 6th. TD Securities reiterated a “buy” rating and issued a $5.50 price target on shares of Baytex Energy in a report on Monday, November 5th. Raymond James upgraded shares of Baytex Energy from a “market perform” rating to an “outperform” rating in a report on Monday, November 5th. Finally, Desjardins reiterated a “buy” rating on shares of Baytex Energy in a report on Friday, November 2nd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $5.21.

Shares of BTE opened at $1.85 on Friday. Baytex Energy Corp has a 12 month low of $1.67 and a 12 month high of $4.85. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.64.

Baytex Energy (NYSE:BTE) (TSE:BTE) last announced its earnings results on Friday, November 2nd. The oil and gas producer reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. Baytex Energy had a net margin of 1.84% and a negative return on equity of 5.46%. The business had revenue of $334.21 million during the quarter. On average, equities research analysts expect that Baytex Energy Corp will post -0.25 EPS for the current year.

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Baytex Energy Profile

Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. It offers heavy oil, heavy gravity crude oil, bitumen, light oil, and natural gas liquids. Its primary oil resource plays include the Eagle Ford in Texas, and the Peace River Oil Sands and Lloydminster heavy oil projects in North America.

See Also: Earnings Per Share

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Institutional Ownership by Quarter for Baytex Energy (NYSE:BTE)

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