Insider Buying: Baytex Energy Corp. (TSE:BTE) Senior Officer Acquires 5,300 Shares of Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Senior Officer Nicole Marie Frechette bought 5,300 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were acquired at an average price of C$4.75 per share, with a total value of C$25,175.00.

Baytex Energy Stock Up 0.6 %

Shares of TSE:BTE opened at C$4.69 on Friday. Baytex Energy Corp. has a 1 year low of C$3.83 and a 1 year high of C$6.37. The stock has a 50-day simple moving average of C$4.93 and a 200-day simple moving average of C$4.75. The company has a debt-to-equity ratio of 63.22, a quick ratio of 0.77 and a current ratio of 0.67. The stock has a market capitalization of C$3.85 billion, a P/E ratio of -10.66, a PEG ratio of 0.12 and a beta of 2.78.

Baytex Energy (TSE:BTE) (NYSE:BTE) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.13 by C$0.12. Baytex Energy had a negative net margin of 9.88% and a negative return on equity of 8.56%. The company had revenue of C$1.07 billion during the quarter. Equities analysts forecast that Baytex Energy Corp. will post 0.6404342 earnings per share for the current year.

Baytex Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 14th will be given a $0.023 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, June 14th. Baytex Energy’s payout ratio is -20.45%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. BMO Capital Markets set a C$6.00 target price on Baytex Energy and gave the company a “market perform” rating in a research note on Tuesday, April 9th. Stifel Nicolaus lifted their price objective on Baytex Energy from C$6.25 to C$7.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. TD Securities upped their target price on shares of Baytex Energy from C$5.50 to C$6.00 in a report on Friday, May 10th. Raymond James lowered their price target on shares of Baytex Energy from C$6.75 to C$5.00 and set a “market perform” rating for the company in a report on Friday, January 19th. Finally, Royal Bank of Canada decreased their target price on shares of Baytex Energy from C$7.00 to C$6.50 and set an “outperform” rating on the stock in a research report on Monday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$6.48.

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.