Baytex Energy (TSE:BTE) Insider Nicole Marie Frechette Purchases 8,500 Shares of Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) insider Nicole Marie Frechette purchased 8,500 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was acquired at an average cost of C$5.84 per share, with a total value of C$49,640.00. Following the acquisition, the insider owned 73,026 shares in the company, valued at C$426,471.84. The trade was a 13.17% increase in their position.

Baytex Energy Stock Performance

Baytex Energy stock opened at C$6.14 on Tuesday. 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 Corp. has a 1-year low of C$1.91 and a 1-year high of C$6.35. The firm has a market capitalization of C$4.53 billion, a P/E ratio of -7.87, a price-to-earnings-growth ratio of 0.12 and a beta of 0.42. The company’s 50-day moving average is C$5.29 and its 200 day moving average is C$4.45.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted 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%. Research analysts forecast that Baytex Energy Corp. will post 0.3703367 EPS for the current year.

Baytex Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, April 1st were issued a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, March 13th. Baytex Energy’s dividend payout ratio (DPR) is presently -11.54%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. National Bank Financial raised their target price on shares of Baytex Energy from C$5.00 to C$5.75 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Scotiabank raised their target price on shares of Baytex Energy from C$5.25 to C$5.50 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Raymond James Financial upgraded shares of Baytex Energy from a “hold” rating to a “moderate buy” rating and raised their target price for the company from C$5.50 to C$7.00 in a research note on Monday, March 30th. Royal Bank Of Canada downgraded shares of Baytex Energy from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 13th. Finally, TD Securities raised their target price on shares of Baytex Energy from C$5.00 to C$5.50 and gave the company a “hold” rating in a research note on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$5.54.

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.