Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE's stock price traded up 22.1% during trading on Thursday . The stock traded as high as C$2.58 and last traded at C$2.54. 14,022,296 shares changed hands during mid-day trading, an increase of 195% from the average session volume of 4,751,239 shares. The stock had previously closed at C$2.08.
Analysts Set New Price Targets
Several research firms have recently weighed in on BTE. CIBC lowered their target price on shares of 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 note on Wednesday, March 19th. TD Securities lowered their target price on shares of Baytex Energy from C$5.50 to C$5.00 in a report on Wednesday, March 5th. Raymond James lowered their price target on Baytex Energy from C$5.00 to C$4.00 in a research note on Wednesday, April 9th. Finally, Atb Cap Markets downgraded Baytex Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of C$5.33.
Check Out Our Latest Stock Analysis on BTE
Baytex Energy Price Performance
The firm's 50 day moving average price is C$3.06 and its two-hundred day moving average price is C$3.60. The company has a market capitalization of C$1.78 billion, a P/E ratio of -5.14, a PEG 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 declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st were given a dividend of $0.0225 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.09 annualized dividend and a yield of 3.98%. Baytex Energy's dividend payout ratio (DPR) is presently -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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