Baytex Energy (TSE:BTE) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Baytex Energy shares have surpassed the 200-day moving average, trading at C$3.30 with a market capitalization of C$2.54 billion.
• The company declared a quarterly dividend of $0.0225 per share, with an annualized dividend yield of 2.7%.
• Baytex Energy's current financial ratios include a price-to-earnings ratio of 7.02 and a debt-to-equity ratio of 57.38.

Baytex Energy Corp. (TSE:BTE - NYSE: BTE shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.73 and traded as high as C$3.30. Baytex Energy shares last traded at C$3.30, with a volume of 5,658,780 shares.

Baytex Energy Stock Up 3.8%

The firm has a market capitalization of C$2.54 billion, a price-to-earnings ratio of 7.02, a P/E/G ratio of 0.12 and a beta of 1.02. The business has a 50 day simple moving average of C$3.09 and a 200-day simple moving average of C$2.73. The company has a debt-to-equity ratio of 57.38, a quick ratio of 0.77 and a current ratio of 0.69.

Baytex Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.0225 per share. The ex-dividend date was Monday, September 15th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 2.7%. Baytex Energy's dividend payout ratio is currently 19.15%.

Baytex Energy Company Profile

Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.

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