Baytex Energy (TSE:BTE) Reaches New 52-Week Low at $3.92

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$3.92 and last traded at C$4.06, with a volume of 7059785 shares changing hands. The stock had previously closed at C$4.14.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their target price on Baytex Energy from C$6.25 to C$6.50 in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.35.

Baytex Energy Stock Performance

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 firm has a 50 day moving average price of C$4.80 and a 200 day moving average price of C$4.79. The stock has a market cap of C$3.27 billion, a PE ratio of -5.88, a price-to-earnings-growth ratio of 0.12 and a beta of 2.65.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted 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 net margin of 11.92% and a negative return on equity of 9.55%. The business had revenue of C$1.13 billion for the quarter, compared to analysts’ expectations of C$1.04 billion. As a group, research analysts forecast that Baytex Energy Corp. will post 0.4199475 earnings per share for the current year.

Baytex Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be paid a $0.023 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Monday, September 16th. Baytex Energy’s dividend payout ratio (DPR) is -13.04%.

Insider Buying and Selling at Baytex Energy

In related news, Senior Officer Chadwick Kalmakoff purchased 12,000 shares of Baytex Energy stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of C$4.18 per share, with a total value of C$50,160.00. Insiders own 0.82% 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.