James Robert Maclean Purchases 10,000 Shares of Baytex Energy (TSE:BTE) Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) insider James Robert Maclean acquired 10,000 shares of the stock in a transaction dated Friday, March 20th. The stock was purchased at an average cost of C$5.73 per share, with a total value of C$57,300.00. Following the purchase, the insider directly owned 185,322 shares of the company’s stock, valued at C$1,061,895.06. This trade represents a 5.70% increase in their ownership of the stock.

Baytex Energy Price Performance

TSE:BTE opened at C$5.92 on Monday. The firm’s 50 day simple moving average is C$5.26 and its 200 day simple moving average is C$4.43. The company has a market cap of C$4.37 billion, a PE ratio of -7.59, a P/E/G ratio of 0.12 and a beta of 0.42. Baytex Energy Corp. has a one year low of C$1.91 and a one year high of C$6.35. The company has a debt-to-equity ratio of 4.94, a current ratio of 3.61 and a quick ratio of 0.77.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its quarterly earnings data on Wednesday, March 4th. The company reported C($1.11) earnings per share for the quarter. Baytex Energy had a negative return on equity of 16.25% and a negative net margin of 40.77%. On average, research analysts anticipate that Baytex Energy Corp. will post 0.3703367 earnings per share for the current year.

Baytex Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, April 1st were given a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, March 13th. Baytex Energy’s payout ratio is -11.54%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group downgraded Baytex Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$5.00 to C$4.75 in a research report on Tuesday, January 27th. Raymond James Financial raised shares of Baytex Energy from a “hold” rating to a “moderate buy” rating and increased their target price for the company from C$5.50 to C$7.00 in a research report on Monday, March 30th. TD Securities raised their price target on shares of Baytex Energy from C$5.00 to C$5.50 and gave the stock a “hold” rating in a report on Thursday, March 5th. National Bank Financial boosted their price target on shares of Baytex Energy from C$5.00 to C$5.75 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. Finally, Scotiabank increased their price objective on shares of Baytex Energy from C$5.25 to C$5.50 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$5.54.

About Baytex Energy

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.