Baytex Energy (TSE:BTE) Shares Pass Above 200 Day Moving Average of $4.86

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.86 and traded as high as C$5.13. Baytex Energy shares last traded at C$5.05, with a volume of 4,003,344 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BTE shares. BMO Capital Markets set a C$6.00 price objective on Baytex Energy and gave the stock a “market perform” rating in a research report on Tuesday, April 9th. Raymond James lowered their price target on Baytex Energy from C$6.75 to C$5.00 and set a “market perform” rating on the stock in a research report on Friday, January 19th. Royal Bank of Canada lowered their price target on Baytex Energy from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. TD Securities lowered their price target on Baytex Energy from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Finally, National Bankshares lowered their price target on Baytex Energy from C$8.25 to C$7.25 and set an “outperform” rating on the stock in a research report on Wednesday, January 10th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$6.40.

Baytex Energy Stock Performance

The stock has a market cap of C$4.09 billion, a PE ratio of -15.30, a P/E/G ratio of 0.12 and a beta of 2.78. The company has a fifty day moving average price of C$4.69 and a 200 day moving average price of C$4.86. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 63.80.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its earnings results on Wednesday, February 28th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.13 by C$0.12. The company had revenue of C$1.07 billion for the quarter. Baytex Energy had a negative return on equity of 6.81% and a negative net margin of 8.60%. Analysts expect that Baytex Energy Corp. will post 0.7398601 earnings per share for the current year.

Baytex Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a dividend of $0.023 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.09 annualized dividend and a yield of 1.85%. Baytex Energy’s payout ratio is -27.27%.

Insider Buying and Selling at Baytex Energy

In other news, Director Tiffany Thom Cepak sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$3.55, for a total value of C$142,000.00. In related news, Director Tiffany Thom Cepak sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$3.55, for a total value of C$142,000.00. Also, Senior Officer Eric Thomas Greager acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of C$4.25 per share, with a total value of C$85,000.00. Insiders own 0.73% of the company’s stock.

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.