Baytex Energy (TSE:BTE) Shares Cross Above 200 Day Moving Average – What’s Next?

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.03 and traded as high as C$6.81. Baytex Energy shares last traded at C$6.73, with a volume of 5,333,301 shares traded.

Analyst Ratings Changes

BTE has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their price target on shares of Baytex Energy from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a research report on Monday, May 11th. Scotia upped their price objective on shares of Baytex Energy from C$6.50 to C$7.50 and gave the stock a “sector outperform” rating in a report on Friday, May 8th. National Bank Financial raised their target price on shares of Baytex Energy from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Raymond James Financial lifted their target price on shares of Baytex Energy from C$8.00 to C$8.50 and gave the company a “strong-buy” rating in a report on Friday, July 31st. Finally, TD boosted their price target on Baytex Energy from C$6.00 to C$6.50 and gave the stock a “hold” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$7.05.

Baytex Energy Trading Up 1.4%

The stock has a market cap of C$4.92 billion, a PE ratio of -7.65, a price-to-earnings-growth ratio of 0.12 and a beta of 0.37. The firm has a 50-day moving average price of C$6.04 and a 200-day moving average price of C$6.04. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.77 and a current ratio of 2.82.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.24 EPS for the quarter. The company had revenue of C$564.88 million for the quarter. Baytex Energy had a negative net margin of 131.38% and a negative return on equity of 26.41%. As a group, equities analysts anticipate that Baytex Energy Corp. will post 0.3703367 EPS for the current fiscal year.

Baytex Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, July 2nd were given a dividend of $0.0225 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.09 annualized dividend and a dividend yield of 1.3%. Baytex Energy’s dividend payout ratio (DPR) is -7.34%.

Baytex Energy Company Profile

Baytex Energy Corp. is a Calgary -based energy company committed to driving shareholder value through disciplined execution. It operates a high-quality, high-return portfolio in the Western Canadian Sedimentary Basin, featuring the Pembina Duvernay and heavy oil plays in Alberta and Saskatchewan. These core assets are backed by an extensive drilling inventory and consistently generate strong cash flow.