Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE shares traded down 6.4% on Tuesday . The company traded as low as C$2.17 and last traded at C$2.18. 4,625,669 shares changed hands during trading, an increase of 2% from the average session volume of 4,529,184 shares. The stock had previously closed at C$2.33.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on BTE shares. Raymond James reduced their target price on Baytex Energy from C$5.00 to C$4.00 in a research note on Wednesday. TD Securities reduced their price objective on Baytex Energy from C$5.50 to C$5.00 in a research note on Wednesday, March 5th. Atb Cap Markets lowered Baytex Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. CIBC cut their price target on shares of Baytex Energy from C$5.00 to C$4.25 in a report on Thursday. Finally, Scotiabank upgraded shares of Baytex Energy to a "hold" rating in a research note on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$5.33.
View Our Latest Research Report on BTE
Baytex Energy Stock Up 2.3 %
The company has a debt-to-equity ratio of 57.38, a quick ratio of 0.77 and a current ratio of 0.69. The firm has a market cap of C$1.78 billion, a price-to-earnings ratio of -5.14, a PEG ratio of 0.12 and a beta of 2.61. The business's 50 day moving average price is C$3.08 and its 200 day moving average price is C$3.62.
Baytex Energy Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 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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