Baytex Energy (TSE:BTE) Stock Crosses Above Two Hundred Day Moving Average of $4.79

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4.79 and traded as high as C$4.99. Baytex Energy shares last traded at C$4.95, with a volume of 4,261,207 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on BTE. Canaccord Genuity Group boosted their price objective on Baytex Energy from C$6.25 to C$6.50 in a research report on Friday, July 26th. Royal Bank of Canada lowered their price target on Baytex Energy from C$7.00 to C$6.50 and set an “outperform” rating on the stock in a report on Monday, May 13th. Finally, TD Securities lifted their price objective on shares of Baytex Energy from C$5.50 to C$6.00 in a research note on Friday, May 10th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$6.35.

Baytex Energy Trading Down 3.0 %

The company has a quick ratio of 0.77, a current ratio of 0.72 and a debt-to-equity ratio of 62.33. The stock has a market capitalization of C$3.86 billion, a P/E ratio of -6.96, a PEG ratio of 0.12 and a beta of 2.67. The firm’s 50-day simple moving average is C$4.84 and its 200 day simple moving average is C$4.79.

Baytex Energy (TSE:BTE) (NYSE:BTE) last released its earnings results on Thursday, July 25th. The company reported C$0.13 EPS for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.03). Baytex Energy had a negative return on equity of 9.55% and a negative net margin of 11.92%. The business had revenue of C$1.13 billion during the quarter, compared to the consensus estimate of C$1.04 billion. Equities research analysts anticipate that Baytex Energy Corp. will post 0.4199288 EPS for the current fiscal year.

Baytex Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a $0.023 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.09 annualized dividend and a dividend yield of 1.92%. Baytex Energy’s dividend payout ratio is currently -13.04%.

Insider Transactions at Baytex Energy

In related news, Senior Officer Chadwick Kalmakoff bought 10,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were bought at an average cost of C$4.61 per share, with a total value of C$46,100.00. Corporate insiders own 0.82% of the company’s stock.

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.