Baytex Energy Corp. (TSE:BTE) Senior Officer Buys C$15,080.00 in Stock

Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE Senior Officer Nicole Marie Frechette bought 5,200 shares of Baytex Energy stock in a transaction dated Tuesday, March 11th. The shares were bought 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 TSE:BTE traded up C$0.11 on Friday, hitting C$3.09. 3,814,315 shares of the company were exchanged, compared to its average volume of 4,464,183. The firm has a market capitalization of C$2.44 billion, a P/E ratio of -7.03, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61. Baytex Energy Corp. has a 1-year low of C$2.74 and a 1-year high of C$5.55. The company has a current ratio of 0.69, a quick ratio of 0.77 and a debt-to-equity ratio of 57.38. The stock's 50 day moving average price is C$3.48 and its 200 day moving average price is C$3.87.

Baytex Energy Cuts Dividend

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

Analysts Set New Price Targets

BTE has been the topic of a number of recent research reports. Royal Bank of Canada dropped their price objective on shares of Baytex Energy from C$5.50 to C$5.00 in a research note on Tuesday, January 14th. TD Securities dropped their price objective on shares of Baytex Energy from C$5.50 to C$5.00 in a research note on Wednesday, March 5th. Atb Cap Markets downgraded shares of Baytex Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. CIBC lowered their target price on shares of Baytex Energy from C$6.00 to C$5.00 in a research note on Friday, January 17th. Finally, BMO Capital Markets lowered their target price on shares of Baytex Energy from C$5.00 to C$4.00 in a research note on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of C$5.59.

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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.