49 hedge funds sold their entire positions in Baytex Energy Corp. (BTE)

Baytex Energy Corp. (NYSE:BTE) went up to recover about 115.96% since recording its record low price of $2.13. The stock experienced -0.43% slump, arriving at $4.6 on 05/16/2018. During the day, the stock price traveled from $4.49 to $4.65. This company shares are -14.35% up from its target price of $3.94 and the current market capitalization stands at $1.12B. The recent change has given its price a 31.82% lead over SMA 50 and -5.15% deficit over its 52-week high. The stock witnessed 29.94% gains, 74.24% gains and 39.39% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BTE’s volatility during a week at 3.07% and during a month it has been found around 5.34%.

Baytex Energy Corp. (BTE) Top Holders

Institutional investors currently hold around $240 million or 49.7% in BTE stock. Look at its top three institutional owners. Luminus Management Llc owns $39.92 million in Baytex Energy Corp., which represents roughly 3.56% of the company’s market cap and approximately 16.63% of the institutional ownership. Similar statistics are true for the second largest owner, Jpmorgan Chase & Co, which owns 6,143,510 shares of the stock are valued at $28.38 million. The third largest holder is Vanguard Group Inc, which currently holds $24.41 million worth of this stock and that ownership represents nearly 2.18% of its market capitalization.

Baytex Energy Corp. 13F Filings

At the end of 03/31/2018 reporting period, 39 institutional holders increased their position in Baytex Energy Corp. (NYSE:BTE) by some 6,862,034 shares, 49 decreased positions by 6,014,112 and 32 held positions by 39,104,260. That puts total institutional holdings at 51,980,406 shares, according to SEC filings. The stock grabbed 10 new institutional investments totaling 857,488 shares while 15 institutional investors sold out their entire positions totaling 2,225,697 shares.

Baytex Energy Corp. (BTE) Analyst Guide

Several analysts have released their opinion on Baytex Energy Corp. (NYSE:BTE), with 1 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 2 strong sell ratings, collectively assigning a 3.13 average brokerage recommendation.