Baytex Energy Corp. (TSE:BTE) Director Sells C$142,000.00 in Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Director Tiffany Thom Cepak sold 40,000 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$3.55, for a total value of C$142,000.00.

Baytex Energy Price Performance

Shares of Baytex Energy stock opened at C$4.77 on Thursday. The company has a debt-to-equity ratio of 63.80, a current ratio of 0.79 and a quick ratio of 0.77. The business’s 50 day simple moving average is C$4.38 and its two-hundred day simple moving average is C$4.92. The stock has a market capitalization of C$3.92 billion, a P/E ratio of -14.45, a price-to-earnings-growth ratio of 0.12 and a beta of 2.80. Baytex Energy Corp. has a one year low of C$3.83 and a one year high of C$6.37.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its earnings results on Wednesday, February 28th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.13 by C$0.12. Baytex Energy had a negative return on equity of 6.81% and a negative net margin of 8.60%. The firm had revenue of C$1.07 billion for the quarter. Analysts forecast that Baytex Energy Corp. will post 0.6898638 EPS for the current year.

Baytex Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be paid a dividend of $0.023 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.09 annualized dividend and a dividend yield of 1.93%. Baytex Energy’s dividend payout ratio (DPR) is presently -27.27%.

Analyst Ratings Changes

Several brokerages recently weighed in on BTE. Raymond James decreased their price objective on Baytex Energy from C$6.75 to C$5.00 and set a “market perform” rating for the company in a report on Friday, January 19th. Canaccord Genuity Group cut their target price on Baytex Energy from C$8.00 to C$7.75 and set a “buy” rating for the company in a research note on Thursday, December 7th. Stifel Nicolaus raised their target price on Baytex Energy from C$6.00 to C$6.25 and gave the stock a “buy” rating in a research note on Thursday, February 29th. ATB Capital cut their target price on Baytex Energy from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Finally, TD Securities cut their target price on Baytex Energy from C$6.50 to C$6.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$6.65.

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.