Stephen David Lile Reynish Sells 77,600 Shares of Baytex Energy (TSE:BTE) Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Director Stephen David Lile Reynish sold 77,600 shares of Baytex Energy stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of C$6.85, for a total transaction of C$531,560.00. Following the completion of the transaction, the director owned 15,400 shares of the company’s stock, valued at C$105,490. This trade represents a 83.44% decrease in their position.

Baytex Energy Trading Up 1.7%

Shares of BTE stock opened at C$7.02 on Thursday. The company has a debt-to-equity ratio of 6.84, a quick ratio of 0.77 and a current ratio of 2.15. The stock has a market capitalization of C$5.08 billion, a P/E ratio of -7.31, a price-to-earnings-growth ratio of 0.12 and a beta of 0.58. The company has a 50 day moving average price of C$6.41 and a 200 day moving average price of C$5.33. Baytex Energy Corp. has a fifty-two week low of C$2.32 and a fifty-two week high of C$7.37.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its quarterly earnings data on Thursday, May 7th. The company reported C($0.09) earnings per share for the quarter. Baytex Energy had a negative net margin of 83.88% and a negative return on equity of 23.15%. The business had revenue of C$401.37 million during the quarter. Equities research analysts predict that Baytex Energy Corp. will post 0.3703367 EPS for the current fiscal year.

Baytex Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, June 15th. Baytex Energy’s payout ratio is -7.03%.

Analyst Upgrades and Downgrades

BTE has been the subject of several analyst reports. Royal Bank Of Canada boosted their price target on shares of Baytex Energy from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. Scotia boosted their price target on shares of Baytex Energy from C$6.50 to C$7.50 and gave the stock a “sector outperform” rating in a report on Friday, May 8th. Raymond James Financial boosted their price target on shares of Baytex Energy from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. TD Securities boosted 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. Finally, TD boosted their price target on shares of Baytex Energy from C$6.00 to C$6.50 and gave the stock a “hold” rating in a report on Monday, May 11th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$7.00.

About Baytex Energy

Baytex Energy Corp. is a Calgary -based energy company committed to driving shareholder value through disciplined execution. It operates a high-quality, high-return portfolio in the Western Canadian Sedimentary Basin, featuring the Pembina Duvernay and heavy oil plays in Alberta and Saskatchewan. These core assets are backed by an extensive drilling inventory and consistently generate strong cash flow.