Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE's stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.96 and traded as low as C$2.46. Baytex Energy shares last traded at C$2.55, with a volume of 5,739,125 shares trading hands.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on BTE. National Bankshares dropped their target price on shares of Baytex Energy from C$5.50 to C$5.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th. TD Securities cut their target price on Baytex Energy from C$4.75 to C$4.50 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. CIBC decreased their target price on Baytex Energy from C$5.00 to C$4.25 in a research note on Thursday, April 10th. 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 report on Tuesday, May 6th. Finally, Scotiabank upgraded Baytex Energy to a "hold" rating in a report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Baytex Energy has an average rating of "Hold" and a consensus target price of C$4.68.
Read Our Latest Research Report on Baytex Energy
Baytex Energy Price Performance
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 business has a 50-day moving average of C$2.44 and a 200 day moving average of C$2.94. The firm has a market capitalization of C$1.98 billion, a P/E ratio of -5.71, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61.
Baytex Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, July 2nd were issued a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Friday, June 13th. Baytex Energy's payout ratio is currently -20.48%.
Insider Transactions at Baytex Energy
In related news, Senior Officer James Robert Maclean bought 43,000 shares of Baytex Energy stock in a transaction on Tuesday, May 20th. The stock was acquired at an average price of C$2.33 per share, with a total value of C$100,190.00. Company 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.
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