Baytex Energy (TSE:BTE) Share Price Passes Above 200-Day Moving Average of $4.86

Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$4.86 and traded as high as C$5.13. Baytex Energy shares last traded at C$5.05, with a volume of 4,003,344 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently commented on BTE shares. Royal Bank of Canada decreased their price objective on Baytex Energy from C$8.00 to C$7.00 and set an "outperform" rating for the company in a report on Thursday, February 29th. Stifel Nicolaus raised their price target on shares of Baytex Energy from C$6.00 to C$6.25 and gave the company a "buy" rating in a research note on Thursday, February 29th. ATB Capital decreased their price target on shares of Baytex Energy from C$6.50 to C$6.00 and set an "outperform" rating on the stock in a research note on Thursday, February 29th. National Bankshares decreased their target price on shares of Baytex Energy from C$8.25 to C$7.25 and set an "outperform" rating on the stock in a research note on Wednesday, January 10th. Finally, Raymond James decreased their target price on shares of Baytex Energy from C$6.75 to C$5.00 and set a "market perform" rating on the stock in a research note on Friday, January 19th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$6.40.

Baytex Energy Stock Performance

The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 63.80. The company has a market capitalization of C$4.09 billion, a PE ratio of -15.30, a PEG ratio of 0.12 and a beta of 2.78. The stock's fifty day simple moving average is C$4.67 and its 200-day simple moving average is C$4.86.

Baytex Energy (TSE:BTE - Get Free Report) NYSE: BTE last issued its earnings results on Wednesday, February 28th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.13 by C$0.12. Baytex Energy had a negative net margin of 8.60% and a negative return on equity of 6.81%. The company had revenue of C$1.07 billion during the quarter. On average, research analysts predict that Baytex Energy Corp. will post 0.7398601 earnings per share for the current fiscal year.

Baytex Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a dividend of $0.023 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.09 dividend on an annualized basis and a yield of 1.85%. Baytex Energy's dividend payout ratio (DPR) is currently -27.27%.

Insider Buying and Selling at Baytex Energy

In other Baytex Energy news, Senior Officer Eric Thomas Greager bought 20,000 shares of Baytex Energy stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price of C$4.25 per share, for a total transaction of C$85,000.00. In related news, Director Tiffany Thom Cepak sold 40,000 shares of Baytex Energy stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$3.55, for a total transaction of C$142,000.00. Also, Senior Officer Eric Thomas Greager purchased 20,000 shares of Baytex Energy stock in a transaction dated Wednesday, March 6th. The shares were bought at an average cost of C$4.25 per share, for a total transaction of C$85,000.00. 0.73% of the stock is owned by company insiders.

About Baytex Energy

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.