Baytex Energy (TSE:BTE) Insider James Robert Maclean Acquires 10,000 Shares

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

Baytex Energy Stock Performance

BTE opened at C$5.92 on Friday. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.77 and a current ratio of 3.61. Baytex Energy Corp. has a 52-week low of C$1.91 and a 52-week high of C$6.35. The firm has a market cap of C$4.37 billion, a P/E ratio of -7.59, a price-to-earnings-growth ratio of 0.12 and a beta of 0.94. The business’s fifty day moving average is C$5.26 and its 200-day moving average is C$4.42.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C($1.11) EPS for the quarter. Baytex Energy had a negative net margin of 40.77% and a negative return on equity of 16.25%. Sell-side analysts expect that Baytex Energy Corp. will post 0.3703367 EPS for the current fiscal year.

Baytex Energy Announces Dividend

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

Wall Street Analyst Weigh In

BTE has been the topic of several analyst reports. Scotiabank increased their price target 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. TD Securities boosted their price objective on shares of Baytex Energy from C$5.00 to C$5.50 and gave the company a “hold” rating in a research report on Thursday, March 5th. Royal Bank Of Canada cut Baytex Energy from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 13th. National Bank Financial raised their target price on Baytex Energy from C$5.00 to C$5.75 and gave the company an “outperform” rating in a report on Thursday, March 5th. Finally, Canaccord Genuity Group lowered Baytex Energy from a “buy” rating to a “hold” rating and decreased their price target for the company from C$5.00 to C$4.75 in a research note on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.