Baytex Energy (TSE:BTE) Director Mark Bly Purchases 20,000 Shares of Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Director Mark Bly bought 20,000 shares of the stock in a transaction dated Wednesday, December 24th. The stock was purchased at an average cost of C$4.50 per share, with a total value of C$90,000.00. Following the completion of the purchase, the director directly owned 575,638 shares in the company, valued at approximately C$2,590,371. This trade represents a 3.60% increase in their position.

Baytex Energy Trading Up 0.2%

BTE stock opened at C$4.35 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.69 and a debt-to-equity ratio of 57.38. Baytex Energy Corp. has a twelve month low of C$1.91 and a twelve month high of C$4.65. The company has a market cap of C$3.34 billion, a P/E ratio of 15.54, a PEG ratio of 0.12 and a beta of 0.97. The business has a fifty day moving average of C$4.02 and a 200-day moving average of C$3.33.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its quarterly earnings data on Thursday, October 30th. The company reported C$0.04 EPS for the quarter. The firm had revenue of C$746.42 million during the quarter. Baytex Energy had a negative return on equity of 8.96% and a negative net margin of 10.45%. As a group, equities research analysts expect that Baytex Energy Corp. will post 0.3703367 EPS for the current year.

Baytex Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, January 2nd will be paid a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 15th. Baytex Energy’s payout ratio is 32.14%.

Analysts Set New Price Targets

A number of research firms have commented on BTE. Capital One Financial raised shares of Baytex Energy to a “hold” rating in a report on Monday, October 27th. Scotiabank upgraded Baytex Energy from a “hold” rating to an “outperform” rating and raised their price target for the stock from C$4.00 to C$5.25 in a research report on Thursday, November 13th. Raymond James Financial upgraded Baytex Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 13th. BMO Capital Markets upgraded Baytex Energy from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$3.00 to C$6.00 in a report on Thursday, November 13th. Finally, National Bankshares decreased their target price on Baytex Energy from C$4.75 to C$4.50 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$4.79.

Baytex Energy Company Profile

Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.