Baytex Energy (TSE:BTE) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$3.83 and traded as high as C$4.78. Baytex Energy shares last traded at C$4.75, with a volume of 5,462,531 shares trading hands.

Analyst Upgrades and Downgrades

BTE has been the topic of a number of recent analyst reports. Royal Bank Of Canada downgraded shares of Baytex Energy from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 13th. National Bank Financial lowered their target price on shares of Baytex Energy from C$4.75 to C$4.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. BMO Capital Markets upgraded Baytex Energy from a “hold” rating to an “outperform” rating and lifted their price target for the company from C$3.00 to C$6.00 in a research note on Thursday, November 13th. Capital One Financial raised Baytex Energy to a “hold” rating in a report on Monday, October 27th. Finally, TD Securities downgraded Baytex Energy from a “buy” rating to a “hold” rating and set a C$5.00 target price for the company. in a research note on Friday, January 16th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$4.79.

Baytex Energy Trading Up 2.8%

The company has a 50 day moving average of C$4.53 and a 200 day moving average of C$3.83. 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 stock has a market capitalization of C$3.65 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 0.12 and a beta of 1.02.

Baytex Energy (TSE:BTE) (NYSE:BTE) last released its earnings results on Thursday, October 30th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$746.42 million during the quarter. Baytex Energy had a negative net margin of 10.45% and a negative return on equity of 8.96%. On average, research analysts predict that Baytex Energy Corp. will post 0.3703367 EPS for the current fiscal year.

Baytex Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, January 2nd were issued a $0.0225 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.09 dividend on an annualized basis and a yield of 1.9%. Baytex Energy’s dividend payout ratio is presently 32.14%.

Insider Buying and Selling

In other Baytex Energy news, insider Chad Lundberg bought 11,500 shares of the firm’s stock in a transaction on Tuesday, December 30th. The shares were acquired at an average cost of C$4.36 per share, with a total value of C$50,140.00. Following the purchase, the insider directly owned 532,801 shares of the company’s stock, valued at C$2,323,012.36. This trade represents a 2.21% increase in their position. Also, Director Mark Bly purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, December 24th. The stock was bought at an average price of C$4.50 per share, with a total value of C$90,000.00. Following the completion of the transaction, the director directly owned 575,638 shares of the company’s stock, valued at approximately C$2,590,371. This represents a 3.60% increase in their ownership of the stock. Company insiders own 0.83% of the company’s stock.

About Baytex Energy

Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.