Baytex Energy Corp. (TSE:BTE) Senior Officer Chadwick Kalmakoff Purchases 12,000 Shares

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Senior Officer Chadwick Kalmakoff acquired 12,000 shares of the stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of C$4.18 per share, with a total value of C$50,160.00.

Chadwick Kalmakoff also recently made the following trade(s):

• On Wednesday, June 12th, Chadwick Kalmakoff acquired 10,000 shares of Baytex Energy stock. The shares were bought at an average cost of C$4.61 per share, with a total value of C$46,100.00.

Baytex Energy Price Performance

Shares of Baytex Energy stock traded down C$0.14 during midday trading on Friday, hitting C$4.18. 6,923,458 shares of the company traded hands, compared to its average volume of 4,598,175. Baytex Energy Corp. has a 12 month low of C$3.96 and a 12 month high of C$6.37. The company has a debt-to-equity ratio of 62.33, a quick ratio of 0.77 and a current ratio of 0.72. The stock has a market cap of C$3.36 billion, a price-to-earnings ratio of -6.16, a PEG ratio of 0.12 and a beta of 2.65. The firm’s fifty day moving average price is C$4.83 and its 200-day moving average price is C$4.80.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its earnings results on Thursday, July 25th. The company reported C$0.13 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.03). The business had revenue of C$1.13 billion for the quarter, compared to the consensus estimate of C$1.04 billion. Baytex Energy had a negative return on equity of 9.55% and a negative net margin of 11.92%. As a group, sell-side analysts forecast that Baytex Energy Corp. will post 0.4199475 earnings per share for the current year.

Baytex Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be given a dividend of $0.023 per share. The ex-dividend date is Monday, September 16th. This represents a $0.09 annualized dividend and a yield of 2.20%. Baytex Energy’s payout ratio is currently -13.04%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. TD Securities increased their price objective on shares of Baytex Energy from C$5.50 to C$6.00 in a research report on Friday, May 10th. Canaccord Genuity Group increased their price objective on shares of Baytex Energy from C$6.25 to C$6.50 in a research report on Friday, July 26th. Finally, Royal Bank of Canada decreased their target price on shares of Baytex Energy from C$7.00 to C$6.50 and set an “outperform” rating for the company in a research report on Monday, May 13th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$6.35.

About Baytex Energy

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.