Baytex Energy (TSE:BTE) Share Price Passes Above Two Hundred Day Moving Average of $4.64

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.64 and traded as high as C$4.98. Baytex Energy shares last traded at C$4.94, with a volume of 4,860,243 shares traded.

Analyst Ratings Changes

Several research analysts recently issued reports on BTE shares. Stifel Nicolaus upped their target price on shares of Baytex Energy from C$6.25 to C$7.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Royal Bank of Canada reduced their price objective on Baytex Energy from C$7.00 to C$6.50 and set an “outperform” rating on the stock in a research report on Monday, May 13th. CIBC boosted their target price on Baytex Energy from C$6.00 to C$6.50 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. TD Securities increased their price target on shares of Baytex Energy from C$5.50 to C$6.00 in a research report on Friday, May 10th. Finally, BMO Capital Markets set a C$6.00 price objective on shares of Baytex Energy and gave the stock a “market perform” rating in a report on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$6.48.

Baytex Energy Stock Down 0.2 %

The company has a market capitalization of C$4.16 billion, a P/E ratio of -11.52, a price-to-earnings-growth ratio of 0.12 and a beta of 2.76. The company has a current ratio of 0.67, a quick ratio of 0.77 and a debt-to-equity ratio of 63.22. The stock’s fifty day moving average is C$4.75 and its 200 day moving average is C$4.65.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its quarterly earnings data on Thursday, May 9th. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.15). The firm had revenue of C$984.19 million for the quarter. Baytex Energy had a negative net margin of 9.88% and a negative return on equity of 8.56%. Research analysts predict that Baytex Energy Corp. will post 0.4249084 EPS for the current fiscal year.

Baytex Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, July 2nd were given a $0.023 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.81%. Baytex Energy’s dividend payout ratio is currently -20.45%.

Insider Activity at Baytex Energy

In related news, Director Mark Bly purchased 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average price of C$3.42 per share, for a total transaction of C$51,300.00. In other news, Senior Officer Chadwick Kalmakoff purchased 10,000 shares of Baytex Energy stock in a transaction that occurred on Wednesday, June 12th. The shares were bought at an average cost of C$4.61 per share, with a total value of C$46,100.00. Also, Director Mark Bly bought 15,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of C$3.42 per share, for a total transaction of C$51,300.00. Insiders acquired a total of 47,350 shares of company stock worth $193,603 over the last quarter. 0.79% of the stock is owned by corporate insiders.

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.