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

Key Points

• Baytex Energy's stock price recently surpassed its 200-day moving average of C$2.69, peaking at C$3.16 and last trading at C$3.09.
• The company announced a quarterly dividend of $0.0225 per share, contributing to an annualized yield of 2.9% with an ex-dividend date set for September 15th.
• Baytex Energy has a market capitalization of C$2.37 billion and a debt-to-equity ratio of 57.38, indicating its financial position in the market.

Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE's share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.69 and traded as high as C$3.16. Baytex Energy shares last traded at C$3.09, with a volume of 5,254,023 shares changing hands.

Baytex Energy Stock Performance

The firm's fifty day moving average price is C$2.87 and its 200 day moving average price is C$2.68. 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 firm has a market capitalization of C$2.54 billion, a PE ratio of 7.02, a PEG ratio of 0.12 and a beta of 1.02.

Baytex Energy Dividend Announcement

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 dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, September 15th. Baytex Energy's 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.