Baytex Energy (TSE:BTE) Stock Crosses Below 200-Day Moving Average - Time to Sell?

Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.04 and traded as low as C$2.72. Baytex Energy shares last traded at C$2.73, with a volume of 6,195,947 shares.

Wall Street Analyst Weigh In

Several research firms have commented on BTE. CIBC lowered their price target on shares of Baytex Energy from C$5.00 to C$4.25 in a report on Thursday, April 10th. BMO Capital Markets lowered their target price on shares of Baytex Energy from C$5.00 to C$4.00 in a report on Wednesday, March 5th. TD Securities lowered their target price on shares of Baytex Energy from C$4.75 to C$4.50 and set a "buy" rating for the company in a report on Tuesday, May 6th. Scotiabank upgraded shares of Baytex Energy to a "hold" rating in a report on Wednesday, March 19th. Finally, National Bankshares lowered their target price on shares of Baytex Energy from C$5.50 to C$5.00 and set an "outperform" rating for the company in a report on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Baytex Energy has an average rating of "Hold" and a consensus price target of C$4.68.

Baytex Energy Stock Performance

The stock has a market cap of C$2.25 billion, a price-to-earnings ratio of -6.49, a PEG ratio of 0.12 and a beta of 2.61. The stock's 50 day moving average is C$2.37 and its two-hundred day moving average is C$3.04. The company has a current ratio of 0.69, a quick ratio of 0.77 and a debt-to-equity ratio of 57.38.

Baytex Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, July 2nd will be paid a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Friday, June 13th. Baytex Energy's dividend payout ratio is currently -20.48%.

Insider Buying and Selling

In related news, Senior Officer James Robert Maclean purchased 43,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were purchased at an average price 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.

Baytex Energy Company Profile

Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas.