Baytex Energy (TSE:BTE) Shares Pass Above 200 Day Moving Average of $4.86

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Raymond James dropped their price objective on shares of Baytex Energy from C$6.75 to C$5.00 and set a “market perform” rating on the stock in a report on Friday, January 19th. National Bankshares decreased their target price on shares of Baytex Energy from C$8.25 to C$7.25 and set an “outperform” rating for the company in a research report on Wednesday, January 10th. CIBC decreased their target price on shares of Baytex Energy from C$8.00 to C$6.00 and set a “neutral” rating for the company in a research report on Tuesday, January 16th. TD Securities decreased 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. Finally, Stifel Nicolaus boosted their target price on shares of Baytex Energy from C$6.00 to C$6.25 and gave the company a “buy” rating in a research report on Thursday, February 29th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Baytex Energy presently has an average rating of “Moderate Buy” and an average price target of C$6.40.

Baytex Energy Stock Performance

The business’s 50-day simple moving average is C$4.69 and its two-hundred day simple moving average is C$4.86. The firm has a market cap of C$4.09 billion, a price-to-earnings ratio of -15.30, a P/E/G ratio of 0.12 and a beta of 2.78. 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 issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.25 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.13 by C$0.12. The business had revenue of C$1.07 billion during the quarter. Baytex Energy had a negative net margin of 8.60% and a negative return on equity of 6.81%. As a group, sell-side analysts expect that Baytex Energy Corp. will post 0.7398601 earnings per share for the current fiscal year.

Baytex Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a dividend of $0.023 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.85%. Baytex Energy’s dividend payout ratio is currently -27.27%.

Insider Transactions at Baytex Energy

In other news, Director Tiffany Thom Cepak sold 40,000 shares of the business’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, Senior Officer Eric Thomas Greager bought 20,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of C$4.25 per share, with a total value of C$85,000.00. Also, 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. Corporate 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.