Baytex Energy (TSE:BTE) Stock Price Crosses Above 200 Day Moving Average of $4.86

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

Several research analysts have commented on BTE shares. CIBC cut their price target on shares of Baytex Energy from C$8.00 to C$6.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. Stifel Nicolaus boosted their target price on Baytex Energy from C$6.00 to C$6.25 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Raymond James decreased their target price on Baytex Energy from C$6.75 to C$5.00 and set a “market perform” rating on the stock in a research note on Friday, January 19th. BMO Capital Markets set a C$6.00 price objective on Baytex Energy and gave the stock a “market perform” rating in a report on Tuesday, April 9th. Finally, Royal Bank of Canada lowered their target price on shares of Baytex Energy from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Baytex Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$6.40.

Baytex Energy Price Performance

The stock has a market capitalization of C$4.15 billion, a PE ratio of -15.30, a P/E/G ratio of 0.12 and a beta of 2.78. The firm’s 50 day simple moving average is C$4.67 and its 200 day simple moving average is C$4.86. The company has a debt-to-equity ratio of 63.80, a current ratio of 0.79 and a quick ratio of 0.77.

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

Baytex Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.023 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.09 dividend on an annualized basis and a yield of 1.82%. Baytex Energy’s dividend payout ratio (DPR) is currently -27.27%.

Insider Buying and Selling at Baytex Energy

In other news, Senior Officer Eric Thomas Greager purchased 20,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average price of C$4.25 per share, with a total value of C$85,000.00. In other Baytex Energy news, Senior Officer Eric Thomas Greager acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of C$4.25 per share, for a total transaction of C$85,000.00. Also, Director Tiffany Thom Cepak sold 40,000 shares of the company’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. Corporate insiders own 0.73% of the company’s stock.

Baytex Energy Company Profile

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.