Nicole Marie Frechette Buys 5,200 Shares of Baytex Energy Corp. (TSE:BTE) Stock

Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE Senior Officer Nicole Marie Frechette acquired 5,200 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of C$2.90 per share, for a total transaction of C$15,080.00.

Baytex Energy Stock Performance

Shares of BTE stock traded up C$0.11 during trading hours on Friday, hitting C$3.09. The company's stock had a trading volume of 3,814,315 shares, compared to its average volume of 4,464,183. The company has a 50 day moving average of C$3.49 and a 200 day moving average of C$3.90. The stock has a market cap of C$2.44 billion, a PE ratio of -7.03, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61. The company has a current ratio of 0.69, a quick ratio of 0.77 and a debt-to-equity ratio of 57.38. Baytex Energy Corp. has a 12-month low of C$2.74 and a 12-month high of C$5.55.

Baytex Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be paid a $0.0225 dividend. This represents a $0.09 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, March 14th. Baytex Energy's dividend payout ratio is currently -20.48%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Atb Cap Markets downgraded shares of Baytex Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. CIBC dropped their target price on shares of Baytex Energy from C$6.00 to C$5.00 in a research report on Friday, January 17th. ATB Capital dropped their target price on shares of Baytex Energy from C$5.50 to C$5.20 in a research report on Wednesday, December 4th. Royal Bank of Canada dropped their target price on shares of Baytex Energy from C$5.50 to C$5.00 in a research report on Tuesday, January 14th. Finally, BMO Capital Markets dropped their target price on shares of Baytex Energy from C$5.00 to C$4.00 in a research report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of C$5.59.

Remove Ads

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.