Chad Lundberg Buys 11,500 Shares of Baytex Energy (TSE:BTE) Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) insider Chad Lundberg bought 11,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The shares were purchased at an average cost of C$4.36 per share, for a total transaction of C$50,140.00. Following the acquisition, the insider owned 532,801 shares of the company’s stock, valued at C$2,323,012.36. This represents a 2.21% increase in their ownership of the stock.

Baytex Energy Stock Performance

Shares of TSE BTE opened at C$4.44 on Friday. Baytex Energy Corp. has a 1 year low of C$1.91 and a 1 year high of C$4.65. The firm has a market cap of C$3.41 billion, a P/E ratio of 15.86, a PEG ratio of 0.12 and a beta of 0.97. The stock has a fifty day moving average price of C$4.12 and a two-hundred day moving average price of C$3.37. The company has a debt-to-equity ratio of 57.38, a quick ratio of 0.77 and a current ratio of 0.69.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its quarterly earnings data on Thursday, October 30th. The company reported C$0.04 earnings per share for the quarter. The business 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%. Research analysts forecast that Baytex Energy Corp. will post 0.3703367 EPS for the current fiscal year.

Baytex Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, January 2nd will be paid a $0.0225 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.09 annualized dividend and a dividend yield of 2.0%. Baytex Energy’s payout ratio is currently 32.14%.

Analyst Upgrades and Downgrades

BTE has been the subject of a number of research reports. TD Securities raised their target price on shares of Baytex Energy from C$4.75 to C$5.00 and gave the stock a “buy” rating in a report on Tuesday, December 23rd. Raymond James Financial raised Baytex Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 13th. Capital One Financial raised Baytex Energy to a “hold” rating in a research report on Monday, October 27th. National Bankshares decreased their price target 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. Finally, Scotiabank raised Baytex Energy from a “hold” rating to an “outperform” rating and lifted their price target for the stock from C$4.00 to C$5.25 in a research note on Thursday, November 13th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus 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.