This Insider Has Just Sold Shares In Baytex Energy Corp. (TSE:BTE)

Anyone interested in Baytex Energy Corp. (TSE:BTE) should probably be aware that the Executive VP & COO, Jason Jaskela, recently divested CA$234k worth of shares in the company, at an average price of CA$1.80 each. However, the silver lining is that the sale only reduced their total holding by-7.1%, so we’re hesitant to read anything much into it, on its own.

Check out our latest analysis for Baytex Energy

The Last 12 Months Of Insider Transactions At Baytex Energy

Notably, that recent sale by Executive VP & COO Jason Jaskela was not the only time they sold Baytex Energy shares this year. Earlier in the year, they fetched CA$1.84 per share in a -CA$233.7k sale. That means that an insider was selling shares at around the current price of CA$1.55. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn’t a major concern, though it’s hardly a good sign.

In the last twelve months insiders purchased 341k shares for CA$745k. But they sold 296k for CA$673k. Overall, Baytex Energy insiders were net buyers last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

TSX:BTE Recent Insider Trading, August 28th 2019
TSX:BTE Recent Insider Trading, August 28th 2019

Insider Ownership of Baytex Energy

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 1.4% of Baytex Energy shares, worth about CA$12m, according to our data. We do generally prefer see higher levels of insider ownership.

So What Do The Baytex Energy Insider Transactions Indicate?

The stark truth for Baytex Energy is that there has been more insider selling than insider buying in the last three months. But we take heart from prior transactions. We like that insiders own a fair amount of the company. So the recent selling doesn’t worry us too much. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Baytex Energy.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.