Baytex Energy (TSE:BTE) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Baytex Energy shares recently crossed above their 200-day moving average, trading as high as C$3.56 before settling at C$3.50.
• The company announced a quarterly dividend of $0.0225 per share, translating to a yield of 2.6% and a payout ratio of 19.15%.
• Baytex Energy has a market capitalization of C$2.69 billion and operates primarily in Canada, focusing on the exploration, development, and production of oil and gas.

Shares of Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.70 and traded as high as C$3.56. Baytex Energy shares last traded at C$3.50, with a volume of 5,117,385 shares trading hands.

Baytex Energy Stock Down 3.5%

The company has a debt-to-equity ratio of 57.38, a current ratio of 0.69 and a quick ratio of 0.77. The firm has a market cap of C$2.55 billion, a PE ratio of 7.06, a P/E/G ratio of 0.12 and a beta of 1.02. The business has a fifty day moving average price of C$2.95 and a two-hundred day moving average price of C$2.70.

Baytex Energy Dividend Announcement

The firm 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 dividend of $0.0225 per share. The ex-dividend date is Monday, September 15th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 2.7%. Baytex Energy's payout ratio is currently 19.15%.

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.