Baytex Energy (TSE:BTE) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• Baytex Energy shares have crossed above their 200-day moving average, reaching a high of C$3.47 during trading, which may signal positive momentum for the stock.
• The company has announced a quarterly dividend of $0.0225 to be paid on October 1st, representing an annualized yield of 2.6% and a dividend payout ratio of 19.15%.
• Baytex Energy operates primarily in Canada, focusing on the exploration and production of crude oil and natural gas, with a market cap of C$2.64 billion and a PE ratio of 7.32.

Baytex Energy Corp. (TSE:BTE - NYSE: BTE shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.72 and traded as high as C$3.47. Baytex Energy shares last traded at C$3.44, with a volume of 3,072,905 shares trading hands.

Baytex Energy Price Performance

The stock's fifty day moving average price is C$3.02 and its 200-day moving average price is C$2.72. The company has a debt-to-equity ratio of 57.38, a quick ratio of 0.77 and a current ratio of 0.69. The firm has a market cap of C$2.64 billion, a PE ratio of 7.32, a P/E/G ratio of 0.12 and a beta of 1.02.

Baytex Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, October 1st will be issued a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, September 15th. Baytex Energy's dividend payout ratio (DPR) 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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