Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$3.14 and last traded at C$3.20, with a volume of 754439 shares changing hands. The stock had previously closed at C$3.18.
Analyst Ratings Changes
BTE has been the subject of several recent research reports. Atb Cap Markets downgraded Baytex Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. Royal Bank of Canada cut their target price on Baytex Energy from C$5.50 to C$5.00 in a research report on Tuesday, January 14th. ATB Capital cut their target price on Baytex Energy from C$5.50 to C$5.20 in a research report on Wednesday, December 4th. BMO Capital Markets cut their target price on Baytex Energy from C$6.00 to C$5.50 in a research report on Wednesday, December 4th. Finally, CIBC cut their target price on Baytex Energy from C$6.00 to C$5.00 in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of C$5.84.
Read Our Latest Report on BTE
Baytex Energy Stock Performance
The company has a current ratio of 0.69, a quick ratio of 0.77 and a debt-to-equity ratio of 57.38. The firm has a market capitalization of C$2.59 billion, a P/E ratio of -7.47, a P/E/G ratio of 0.12 and a beta of 2.61. The firm has a 50-day moving average of C$3.60 and a two-hundred day moving average of C$4.00.
Baytex Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, January 2nd were given a dividend of $0.023 per share. The ex-dividend date was Friday, December 13th. This represents a $0.09 annualized dividend and a dividend yield of 2.80%. Baytex Energy's dividend payout ratio is currently -20.48%.
Insider Buying and Selling
In other Baytex Energy news, Senior Officer Nicole Marie Frechette acquired 8,200 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average cost of C$3.67 per share, for a total transaction of C$30,094.00. 0.83% of the stock is owned by corporate insiders.
About Baytex Energy
(
Get Free Report)
Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas.
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