Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.83 and traded as high as C$5.90. Baytex Energy shares last traded at C$5.83, with a volume of 2,174,519 shares changing hands.
Wall Street Analyst Weigh In
BTE has been the topic of a number of recent analyst reports. National Bank Financial raised their target price on shares of Baytex Energy from C$7.50 to C$8.50 and gave the stock a "sector perform" rating in a research note on Friday, May 8th. Canaccord Genuity Group upgraded shares of Baytex Energy from a "hold" rating to a "buy" rating and increased their price objective for the company from C$5.25 to C$7.00 in a research report on Tuesday, April 14th. Scotia boosted their price objective on Baytex Energy from C$6.50 to C$7.50 and gave the stock a "sector outperform" rating in a research note on Friday, May 8th. ATB Cormark Capital Markets upped their price objective on Baytex Energy from C$7.00 to C$8.50 and gave the company a "sector perform" rating in a research report on Friday, May 8th. Finally, TD raised their price objective on Baytex Energy from C$6.00 to C$6.50 and gave the company a "hold" rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$7.05.
Check Out Our Latest Stock Report on Baytex Energy
Baytex Energy Trading Up 0.2%
The company has a market capitalization of C$4.13 billion, a PE ratio of -6.34, a price-to-earnings-growth ratio of 0.12 and a beta of 0.37. The company has a debt-to-equity ratio of 6.94, a current ratio of 2.82 and a quick ratio of 0.77. The company's fifty day moving average is C$6.02 and its 200-day moving average is C$5.83.
Baytex Energy (TSE:BTE - Get Free Report) NYSE: BTE last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.24 earnings per share (EPS) for the quarter. Baytex Energy had a negative return on equity of 26.41% and a negative net margin of 131.38%.The business had revenue of C$564.88 million for the quarter. On average, analysts anticipate that Baytex Energy Corp. will post 0.3703367 EPS for the current fiscal year.
Baytex Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, July 2nd were paid a $0.0225 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.09 dividend on an annualized basis and a yield of 1.5%. Baytex Energy's dividend payout ratio (DPR) is -7.34%.
Insider Buying and Selling at Baytex Energy
In related news, Director Stephen David Lile Reynish sold 77,600 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of C$6.85, for a total value of C$531,560.00. Following the completion of the transaction, the director directly owned 15,400 shares of the company's stock, valued at C$105,490. This trade represents a 83.44% decrease in their position. Insiders own 0.83% of the company's stock.
About Baytex Energy
(
Get Free Report)
Baytex Energy Corp. is a Calgary -based energy company committed to driving shareholder value through disciplined execution. It operates a high-quality, high-return portfolio in the Western Canadian Sedimentary Basin, featuring the Pembina Duvernay and heavy oil plays in Alberta and Saskatchewan. These core assets are backed by an extensive drilling inventory and consistently generate strong cash flow.
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