Baytex Energy Corp. (TSE:BTE) Senior Officer Nicole Marie Frechette Buys 5,200 Shares

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Senior Officer Nicole Marie Frechette purchased 5,200 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of C$2.90 per share, for a total transaction of C$15,080.00.

Baytex Energy Trading Up 5.1 %

Shares of TSE BTE opened at C$3.08 on Thursday. Baytex Energy Corp. has a twelve month low of C$2.74 and a twelve month high of C$5.55. The company has a quick ratio of 0.77, a current ratio of 0.69 and a debt-to-equity ratio of 57.38. The company’s fifty day moving average is C$3.51 and its 200-day moving average is C$3.91. The stock has a market cap of C$2.43 billion, a price-to-earnings ratio of -7.01, a P/E/G ratio of 0.12 and a beta of 2.61.

Baytex Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be issued a dividend of $0.0225 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 2.92%. Baytex Energy’s payout ratio is -20.48%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank of Canada decreased their price target on shares of Baytex Energy from C$5.50 to C$5.00 in a research note on Tuesday, January 14th. Atb Cap Markets cut shares of Baytex Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. TD Securities reduced their price objective on shares of Baytex Energy from C$5.50 to C$5.00 in a research note on Wednesday, March 5th. CIBC reduced their price objective on shares of Baytex Energy from C$6.00 to C$5.00 in a research note on Friday, January 17th. Finally, ATB Capital reduced their price objective on shares of Baytex Energy from C$5.50 to C$5.20 in a research note on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Baytex Energy currently has an average rating of “Hold” and a consensus price target of C$5.59.

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.