Portland Investment Counsel Lowers stake in Baytex Energy Corp (USA) (BTE)

Baytex Energy Corp (USA) (BTE) : Portland Investment Counsel reduced its stake in Baytex Energy Corp (USA) by 37.39% during the most recent quarter end. The investment management company now holds a total of 1,401,904 shares of Baytex Energy Corp (USA) which is valued at $7,219,806 after selling 837,250 shares in Baytex Energy Corp (USA) , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Baytex Energy Corp (USA) makes up approximately 10.27% of Portland Investment Counsel’s portfolio.

Other Hedge Funds, Including , Engineers Gate Manager Lp added BTE to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $51,500.Vanguard Group Inc boosted its stake in BTE in the latest quarter, The investment management firm added 554,113 additional shares and now holds a total of 3,587,712 shares of Baytex Energy Corp (USA) which is valued at $18,476,717.Great West Life Assurance Co Can boosted its stake in BTE in the latest quarter, The investment management firm added 23,585 additional shares and now holds a total of 2,179,843 shares of Baytex Energy Corp (USA) which is valued at $9,852,890. Baytex Energy Corp (USA) makes up approx 0.03% of Great West Life Assurance Co Can’s portfolio.Simplex Trading boosted its stake in BTE in the latest quarter, The investment management firm added 11,985 additional shares and now holds a total of 13,389 shares of Baytex Energy Corp (USA) which is valued at $73,104. Baytex Energy Corp (USA) makes up approx 0.01% of Simplex Trading’s portfolio.

Baytex Energy Corp (USA) opened for trading at $5.15 and hit $5.41 on the upside on Tuesday, eventually ending the session at $5.3, with a gain of 1.73% or 0.09 points. The heightened volatility saw the trading volume jump to 20,28,208 shares. Company has a market cap of $1,121 M.

On the company’s financial health, Baytex Energy Corp (USA) reported $-0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.28. The company had revenue of $195.73 million for the quarter, compared to analysts expectations of $195.99 million. The company’s revenue was down -42.9 % compared to the same quarter last year.

Baytex Energy Corp. (Baytex) 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). The Company’s crude oil and natural gas operations are organized into three business units: Central; Lloydminster; and United States. Each business unit has a portfolio of mineral leases operated and non-operated properties and development prospects. The Company’s wholly owned subsidiaries include include Baytex Energy Ltd. which is engaged in the business of oil and natural gas exploration exploitation development acquisition and production in Canada and Baytex Energy USA Inc. which is engaged in the business of oil and natural gas exploration exploitation development acquisition and production in the United States.

Leave a Reply

Baytex Energy Corp (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Baytex Energy Corp (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.