Baytex Energy Corp. (TSE:BTE) Senior Officer Acquires C$15,080.00 in Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Senior Officer Nicole Marie Frechette acquired 5,200 shares of Baytex Energy stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of C$2.90 per share, with a total value of C$15,080.00.

Baytex Energy Price Performance

Shares of Baytex Energy stock opened at C$3.09 on Friday. The company has a debt-to-equity ratio of 57.38, a current ratio of 0.69 and a quick ratio of 0.77. The business has a 50 day simple moving average of C$3.48 and a two-hundred day simple moving average of C$3.89. The stock has a market capitalization of C$2.44 billion, a P/E ratio of -7.03, a PEG ratio of 0.12 and a beta of 2.61. Baytex Energy Corp. has a 12 month low of C$2.74 and a 12 month high of C$5.55.

Baytex Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, March 14th. Baytex Energy’s dividend payout ratio (DPR) is -20.48%.

Wall Street Analysts Forecast Growth

BTE has been the subject of a number of research reports. BMO Capital Markets dropped their target price on shares of Baytex Energy from C$5.00 to C$4.00 in a report on Wednesday, March 5th. ATB Capital dropped their price objective on Baytex Energy from C$5.50 to C$5.20 in a research note on Wednesday, December 4th. CIBC lowered their price objective on Baytex Energy from C$6.00 to C$5.00 in a research note on Friday, January 17th. Atb Cap Markets lowered Baytex Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada lowered their price objective on Baytex Energy from C$5.50 to C$5.00 in a research report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.