Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE shares fell 5% during trading on Monday . The stock traded as low as C$2.29 and last traded at C$2.30. 1,442,303 shares changed hands during trading, a decline of 70% from the average session volume of 4,832,704 shares. The stock had previously closed at C$2.42.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on BTE shares. CIBC cut their price objective on Baytex Energy from C$5.00 to C$4.25 in a report on Thursday, April 10th. Scotiabank raised Baytex Energy to a "hold" rating in a research report on Wednesday, March 19th. Raymond James reduced their price target on shares of Baytex Energy from C$5.00 to C$4.00 in a research report on Wednesday, April 9th. Royal Bank of Canada dropped their price objective on shares of Baytex Energy from C$5.50 to C$5.00 in a report on Tuesday, January 14th. Finally, BMO Capital Markets cut their target price on shares of Baytex Energy from C$5.00 to C$4.00 in a research note on Wednesday, March 5th.
Check Out Our Latest Analysis on Baytex Energy
Baytex Energy Stock Up 0.4 %
The stock has a market cap of C$1.81 billion, a PE ratio of -5.21, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61. The company has a quick ratio of 0.77, a current ratio of 0.69 and a debt-to-equity ratio of 57.38. The firm has a fifty day moving average of C$2.87 and a 200 day moving average of C$3.51.
Baytex Energy Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st were given a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Friday, March 14th. Baytex Energy's dividend payout ratio (DPR) is presently -20.48%.
Baytex Energy Company Profile
(
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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