Stephen David Lile Reynish Buys 6,550 Shares of Baytex Energy Corp. (TSE:BTE) Stock

Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE Director Stephen David Lile Reynish bought 6,550 shares of the firm's stock in a transaction on Friday, May 17th. The stock was acquired at an average cost of C$3.47 per share, with a total value of C$22,712.78.

Baytex Energy Trading Up 1.3 %

Shares of BTE traded up C$0.06 during trading hours on Friday, reaching C$4.75. 2,402,009 shares of the company traded hands, compared to its average volume of 4,578,117. Baytex Energy Corp. has a 12-month low of C$3.83 and a 12-month high of C$6.37. The stock's fifty day moving average price is C$4.95 and its 200 day moving average price is C$4.74. The firm has a market cap of C$3.90 billion, a price-to-earnings ratio of -10.80, a PEG ratio of 0.12 and a beta of 2.78. The company has a current ratio of 0.67, a quick ratio of 0.77 and a debt-to-equity ratio of 63.22.

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 for the quarter, beating analysts' consensus estimates of C$0.13 by C$0.12. The business had revenue of C$1.07 billion during the quarter. Baytex Energy had a negative return on equity of 8.56% and a negative net margin of 9.88%. Sell-side analysts forecast that Baytex Energy Corp. will post 0.6404342 earnings per share for the current year.

Baytex Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 14th will be given a $0.023 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, June 14th. Baytex Energy's payout ratio is -20.45%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. TD Securities boosted their target price on shares of Baytex Energy from C$5.50 to C$6.00 in a research report on Friday, May 10th. BMO Capital Markets set a C$6.00 target price on Baytex Energy and gave the company a "market perform" rating in a research report on Tuesday, April 9th. Raymond James reduced their price target on Baytex Energy from C$6.75 to C$5.00 and set a "market perform" rating for the company in a research report on Friday, January 19th. Stifel Nicolaus lifted their price objective on Baytex Energy from C$6.25 to C$7.00 and gave the company a "buy" rating in a research report on Tuesday, April 23rd. Finally, ATB Capital decreased their target price 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. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Baytex Energy has a consensus rating of "Moderate Buy" and a consensus target price of C$6.48.

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.