Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE was down 3% during trading on Tuesday . The company traded as low as C$2.25 and last traded at C$2.26. Approximately 3,990,325 shares traded hands during trading, a decline of 12% from the average daily volume of 4,520,996 shares. The stock had previously closed at C$2.33.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on BTE. Royal Bank of Canada cut their price target on shares of Baytex Energy from C$5.50 to C$5.00 in a report on Tuesday, January 14th. Raymond James reduced their target price on shares of Baytex Energy from C$5.00 to C$4.00 in a research report on Wednesday. BMO Capital Markets lowered their price target on shares of Baytex Energy from C$5.00 to C$4.00 in a report on Wednesday, March 5th. Atb Cap Markets lowered Baytex Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Finally, CIBC dropped their price target on Baytex Energy from C$5.00 to C$4.25 in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Baytex Energy currently has a consensus rating of "Hold" and a consensus price target of C$5.33.
Get Our Latest Analysis on Baytex Energy
Baytex Energy Stock Performance
The company's fifty day simple moving average is C$3.08 and its 200 day simple moving average is C$3.62. The stock has a market capitalization of C$1.78 billion, a P/E ratio of -5.14, a P/E/G 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 Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st were paid a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a yield of 3.98%. The ex-dividend date was Friday, March 14th. Baytex Energy's dividend payout ratio is -20.48%.
About Baytex Energy
(
Get Free Report)
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.
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