Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE's stock price reached a new 52-week low on Friday . The stock traded as low as C$2.52 and last traded at C$2.52, with a volume of 1717206 shares traded. The stock had previously closed at C$2.80.
Analyst Ratings Changes
Several analysts have weighed in on the company. CIBC dropped their price target on Baytex Energy from C$6.00 to C$5.00 in a research note on Friday, January 17th. Royal Bank of Canada lowered their price target on shares of Baytex Energy from C$5.50 to C$5.00 in a report on Tuesday, January 14th. TD Securities decreased their price objective on Baytex Energy from C$5.50 to C$5.00 in a report on Wednesday, March 5th. Scotiabank upgraded shares of Baytex Energy to a "hold" rating in a research note on Wednesday, March 19th. Finally, BMO Capital Markets cut their price objective on shares of Baytex Energy from C$5.00 to C$4.00 in a report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$5.59.
View Our Latest Research Report on Baytex Energy
Baytex Energy Trading Up 13.9 %
The company has a quick ratio of 0.77, a current ratio of 0.69 and a debt-to-equity ratio of 57.38. The stock has a market capitalization of C$1.87 billion, a price-to-earnings ratio of -5.39, a PEG ratio of 0.12 and a beta of 2.61. The company's 50-day moving average is C$3.17 and its 200-day moving average is C$3.66.
Baytex Energy Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.0225 per share. The ex-dividend date was Friday, March 14th. This represents a $0.09 dividend on an annualized basis and a yield of 3.80%. Baytex Energy's dividend payout ratio (DPR) is presently -20.48%.
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.
Further Reading
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