814,000 Shares in Baytex Energy Corp $BTE Acquired by SIR Capital Management L.P.

SIR Capital Management L.P. bought a new position in Baytex Energy Corp (NYSE:BTE) (TSE:BTE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 814,000 shares of the oil and gas producer’s stock, valued at approximately $2,633,000. SIR Capital Management L.P. owned about 0.11% of Baytex Energy as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its position in Baytex Energy by 98.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,490 shares of the oil and gas producer’s stock worth $44,000 after buying an additional 6,691 shares during the period. Lakewood Asset Management LLC increased its position in Baytex Energy by 13.3% in the 4th quarter. Lakewood Asset Management LLC now owns 67,571 shares of the oil and gas producer’s stock worth $218,000 after buying an additional 7,921 shares during the period. United Capital Management of KS Inc. increased its position in Baytex Energy by 11.1% in the 4th quarter. United Capital Management of KS Inc. now owns 100,000 shares of the oil and gas producer’s stock worth $323,000 after buying an additional 10,000 shares during the period. R Squared Ltd increased its position in Baytex Energy by 83.4% in the 4th quarter. R Squared Ltd now owns 23,977 shares of the oil and gas producer’s stock worth $77,000 after buying an additional 10,900 shares during the period. Finally, Franklin Resources Inc. increased its position in Baytex Energy by 5.7% in the 4th quarter. Franklin Resources Inc. now owns 209,940 shares of the oil and gas producer’s stock worth $679,000 after buying an additional 11,228 shares during the period. 46.15% of the stock is currently owned by institutional investors and hedge funds.

Baytex Energy Price Performance

Baytex Energy stock opened at $4.64 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.12 and a current ratio of 2.15. The firm has a market cap of $3.33 billion, a P/E ratio of -6.62 and a beta of 0.37. The business’s fifty day moving average is $4.74 and its two-hundred day moving average is $3.95. Baytex Energy Corp has a 52 week low of $1.76 and a 52 week high of $5.36.

Baytex Energy (NYSE:BTE) (TSE:BTE) last posted its quarterly earnings data on Thursday, May 7th. The oil and gas producer reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09). The business had revenue of $325.64 million during the quarter, compared to analyst estimates of $228.04 million. Baytex Energy had a negative return on equity of 10.85% and a negative net margin of 24.25%. Equities research analysts forecast that Baytex Energy Corp will post 0.34 earnings per share for the current fiscal year.

Baytex Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 15th will be paid a $0.0225 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.09 dividend on an annualized basis and a yield of 1.9%. Baytex Energy’s payout ratio is currently -10.00%.

Analyst Ratings Changes

Several research analysts have commented on the company. Zacks Research raised Baytex Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Canaccord Genuity Group raised Baytex Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Baytex Energy in a research report on Monday, June 1st. TD Securities reaffirmed a “hold” rating on shares of Baytex Energy in a research report on Monday, May 11th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Baytex Energy in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Baytex Energy presently has an average rating of “Hold”.

About Baytex Energy

Baytex Energy Corp. is an oil & gas exploration and production company. The firm engages in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company was founded on June 3, 1993 and is headquartered in Calgary, Canada.