Baytex Energy (TSE:BTE) Stock Price Down 2.1% - Should You Sell?

Shares of Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE traded down 2.1% during mid-day trading on Tuesday . The stock traded as low as C$2.28 and last traded at C$2.28. 2,528,471 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 4,494,232 shares. The stock had previously closed at C$2.33.

Analyst Upgrades and Downgrades

BTE has been the subject of a number of research reports. CIBC decreased their target price on shares of Baytex Energy from C$5.00 to C$4.25 in a research note on Thursday. BMO Capital Markets reduced their price target on shares of Baytex Energy from C$5.00 to C$4.00 in a research report on Wednesday, March 5th. TD Securities dropped their price objective on shares of Baytex Energy from C$5.50 to C$5.00 in a report on Wednesday, March 5th. Scotiabank raised shares of Baytex Energy to a "hold" rating in a report on Wednesday, March 19th. Finally, Royal Bank of Canada decreased their price objective on Baytex Energy from C$5.50 to C$5.00 in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of C$5.33.

Baytex Energy Trading Up 2.3 %

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$1.78 billion, a PE ratio of -5.14, a PEG ratio of 0.12 and a beta of 2.61. The stock has a fifty day moving average of C$3.08 and a 200 day moving average of C$3.62.

Baytex Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st were issued a $0.0225 dividend. This represents a $0.09 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Friday, March 14th. Baytex Energy's dividend payout ratio (DPR) is presently -20.48%.

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.