Baytex Energy (TSE:BTE) Stock Passes Above 200-Day Moving Average of $4.86

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.86 and traded as high as C$5.13. Baytex Energy shares last traded at C$5.05, with a volume of 4,003,344 shares.

Analyst Ratings Changes

BTE has been the subject of a number of research analyst reports. TD Securities cut their target price on shares of Baytex Energy from C$6.50 to C$6.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. CIBC dropped their price target on Baytex Energy from C$8.00 to C$6.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. Royal Bank of Canada reduced their price objective on Baytex Energy from C$8.00 to C$7.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Raymond James dropped their target price on shares of Baytex Energy from C$6.75 to C$5.00 and set a “market perform” rating on the stock in a research report on Friday, January 19th. Finally, National Bankshares reduced their price target on shares of Baytex Energy from C$8.25 to C$7.25 and set an “outperform” rating for the company in a report on Wednesday, January 10th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$6.40.

Baytex Energy Price Performance

The stock has a market cap of C$4.15 billion, a price-to-earnings ratio of -15.30, a price-to-earnings-growth ratio of 0.12 and a beta of 2.78. The company’s 50-day moving average is C$4.67 and its 200-day moving average is C$4.86. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 63.80.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its earnings results on Wednesday, February 28th. The company reported C$0.25 earnings per share for the quarter, topping the consensus estimate of C$0.13 by C$0.12. The business had revenue of C$1.07 billion for the quarter. Baytex Energy had a negative net margin of 8.60% and a negative return on equity of 6.81%. Equities research analysts expect that Baytex Energy Corp. will post 0.7398601 earnings per share for the current fiscal year.

Baytex Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.023 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Thursday, March 14th. Baytex Energy’s payout ratio is currently -27.27%.

Insider Activity at Baytex Energy

In related news, Director Tiffany Thom Cepak sold 40,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$3.55, for a total transaction of C$142,000.00. In related news, Director Tiffany Thom Cepak sold 40,000 shares of the firm’s stock in a transaction that occurred 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. Also, Senior Officer Eric Thomas Greager acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average price of C$4.25 per share, with a total value of C$85,000.00. Insiders own 0.73% of the company’s stock.

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.