Baytex Energy (TSE:BTE) Trading Down 4.1% - What's Next?

Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE dropped 4.1% on Monday . The stock traded as low as C$2.30 and last traded at C$2.32. Approximately 899,133 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 4,825,614 shares. The stock had previously closed at C$2.42.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Raymond James decreased their target price on Baytex Energy from C$5.00 to C$4.00 in a research report on Wednesday, April 9th. TD Securities decreased their price objective on shares of Baytex Energy from C$5.50 to C$5.00 in a research report on Wednesday, March 5th. BMO Capital Markets lowered their price objective on shares of Baytex Energy from C$5.00 to C$4.00 in a research note on Wednesday, March 5th. Atb Cap Markets cut shares of Baytex Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada lowered their price target on shares of Baytex Energy from C$5.50 to C$5.00 in a research report on Tuesday, January 14th.

Baytex Energy Stock Up 0.4 %

The stock has a fifty day moving average price of C$2.87 and a 200-day moving average price of C$3.51. 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$1.81 billion, a PE ratio of -5.21, a PEG ratio of 0.12 and a beta of 2.61.

Baytex Energy Cuts Dividend

The company 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.93%. Baytex Energy's payout ratio is currently -20.48%.

About Baytex Energy

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.