Baytex Energy (TSE:BTE) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.76 and traded as high as C$2.79. Baytex Energy shares last traded at C$2.79, with a volume of 3,217,635 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BTE. National Bankshares decreased their price target on shares of Baytex Energy from C$5.50 to C$5.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. TD Securities decreased their price target on shares of Baytex Energy from C$4.75 to C$4.50 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, Raymond James Financial decreased their price target on shares of Baytex Energy from C$4.00 to C$3.50 and set a "market perform" rating on the stock in a research note on Tuesday, May 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Baytex Energy has a consensus rating of "Hold" and an average price target of C$4.68.

Baytex Energy Price Performance

The company's 50 day simple moving average is C$2.71 and its 200-day simple moving average is C$2.76. 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 company has a market capitalization of C$2.20 billion, a price-to-earnings ratio of -6.35, a PEG ratio of 0.12 and a beta of 2.61.

Baytex Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Wednesday, July 2nd were given a $0.0225 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.09 annualized dividend and a dividend yield of 3.2%. Baytex Energy's dividend payout ratio (DPR) is currently -20.48%.

Insider Activity

In related news, Senior Officer James Robert Maclean bought 43,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were acquired at an average cost of C$2.33 per share, with a total value of C$100,190.00. Corporate insiders own 0.83% of the company's stock.

About Baytex Energy

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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