Nicole Marie Frechette Purchases 4,950 Shares of Baytex Energy Corp. (TSE:BTE) Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Senior Officer Nicole Marie Frechette purchased 4,950 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of C$4.05 per share, with a total value of C$20,022.75.

Baytex Energy Stock Down 0.7 %

Baytex Energy stock opened at C$4.14 on Friday. The firm’s 50 day moving average price is C$4.76 and its two-hundred day moving average price is C$4.78. The firm has a market cap of C$3.33 billion, a PE ratio of -6.00, a P/E/G ratio of 0.12 and a beta of 2.65. Baytex Energy Corp. has a twelve month low of C$3.92 and a twelve 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.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its quarterly 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 company had revenue of C$1.13 billion during the quarter, compared to analyst estimates of C$1.04 billion. Baytex Energy had a negative return on equity of 9.55% and a negative net margin of 11.92%. On average, research analysts predict that Baytex Energy Corp. will post 0.4199475 EPS for the current fiscal year.

Baytex Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.023 per share. The ex-dividend date is Monday, September 16th. This represents a $0.09 annualized dividend and a dividend yield of 2.22%. Baytex Energy’s dividend payout ratio is -13.04%.

Wall Street Analysts Forecast Growth

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

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.