Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE's stock price shot up 22.1% during trading on Thursday . The company traded as high as C$2.58 and last traded at C$2.54. 14,022,296 shares traded 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.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on BTE shares. CIBC decreased their price target on Baytex Energy from C$5.00 to C$4.25 in a research note on Thursday, April 10th. Raymond James lowered their price target on shares of Baytex Energy from C$5.00 to C$4.00 in a research note on Wednesday, April 9th. Royal Bank of Canada reduced 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 lowered their target price on shares of Baytex Energy from C$5.50 to C$5.00 in a research report on Wednesday, March 5th. Finally, BMO Capital Markets reduced their price target on shares of Baytex Energy from C$5.00 to C$4.00 in a research report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of C$5.33.
Get Our Latest Report on Baytex Energy
Baytex Energy Price Performance
The company has a debt-to-equity ratio of 57.38, a current ratio of 0.69 and a quick ratio of 0.77. The business has a fifty day moving average of C$3.06 and a 200 day moving average of C$3.60. The stock has a market cap of C$1.78 billion, a PE ratio of -5.14, a P/E/G ratio of 0.12 and a beta of 2.61.
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. 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 -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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