Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE's share price was down 4.1% on Monday . The company traded as low as C$2.30 and last traded at C$2.32. Approximately 899,133 shares traded hands during trading, a decline of 81% from the average daily volume of 4,825,614 shares. The stock had previously closed at C$2.42.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Raymond James cut their price objective on Baytex Energy from C$5.00 to C$4.00 in a research report on Wednesday, April 9th. TD Securities dropped their target price on Baytex Energy from C$5.50 to C$5.00 in a report on Wednesday, March 5th. Atb Cap Markets cut Baytex Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Royal Bank of Canada lowered their price objective on shares of Baytex Energy from C$5.50 to C$5.00 in a research report on Tuesday, January 14th. Finally, Scotiabank upgraded shares of Baytex Energy to a "hold" rating in a research note on Wednesday, March 19th.
Check Out Our Latest Report on BTE
Baytex Energy Stock Performance
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$1.81 billion, a PE ratio of -5.21, a PEG ratio of 0.12 and a beta of 2.61. The company has a 50 day moving average price of C$2.84 and a 200 day moving average price of C$3.50.
Baytex Energy Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.0225 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.09 dividend on an annualized basis and a yield of 3.93%. Baytex Energy's dividend payout ratio (DPR) is -20.48%.
Baytex Energy Company Profile
(
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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