Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE's stock price passed 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.
Analysts Set New Price Targets
BTE has been the subject of a number of research reports. BMO Capital Markets dropped their price objective on shares of Baytex Energy from C$5.00 to C$4.00 in a report on Wednesday, March 5th. Scotiabank raised shares of Baytex Energy to a "hold" rating in a research note on Wednesday, March 19th. CIBC cut their price target on shares of Baytex Energy from C$5.00 to C$4.25 in a report on Thursday, April 10th. National Bankshares decreased their price objective on 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. Finally, Raymond James Financial lowered their target price on Baytex Energy from C$4.00 to C$3.50 and set a "market perform" rating for the company in a research 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's stock. Based on data from MarketBeat.com, Baytex Energy presently has a consensus rating of "Hold" and a consensus price target of C$4.68.
Get Our Latest Research Report on BTE
Baytex Energy Stock Performance
The stock's 50 day moving average price is C$2.39 and its 200 day moving average price is C$3.03. The company has a debt-to-equity ratio of 57.38, a quick ratio of 0.77 and a current ratio of 0.69. The company has a market capitalization of C$2.24 billion, a P/E ratio of -6.46, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61.
Baytex Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, July 2nd will be issued a $0.0225 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.09 annualized dividend and a yield of 3.17%. Baytex Energy's payout ratio is -20.48%.
Insider Buying and Selling at Baytex Energy
In other Baytex Energy news, Senior Officer James Robert Maclean purchased 43,000 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were purchased at an average cost of C$2.33 per share, for a total transaction of C$100,190.00. Insiders own 0.83% of the company's stock.
About Baytex Energy
(
Get Free Report)
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.
See Also
Before you consider Baytex Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Baytex Energy wasn't on the list.
While Baytex Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
