Baytex Energy (TSE:BTE) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.40 and traded as high as C$6.79. Baytex Energy shares last traded at C$6.55, with a volume of 4,087,117 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD raised their price target on Baytex Energy from C$6.00 to C$6.50 and gave the company a “hold” rating in a report on Monday, May 11th. National Bank Financial raised their price target on Baytex Energy from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a report on Friday, May 8th. TD Securities raised their price target on Baytex Energy from C$5.00 to C$5.50 and gave the company a “hold” rating in a report on Thursday, March 5th. Scotia raised their price target on Baytex Energy from C$6.50 to C$7.50 and gave the company a “sector outperform” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada raised their price target on Baytex Energy from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$7.00.

Baytex Energy Trading Down 1.4%

The stock has a market cap of C$4.72 billion, a PE ratio of -6.79, a PEG ratio of 0.12 and a beta of 0.34. 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 fifty day moving average price of C$6.50 and a 200 day moving average price of C$5.43.

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

Baytex Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Thursday, July 2nd will be issued a $0.0225 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.4%. Baytex Energy’s payout ratio is -7.03%.

Insider Activity at Baytex Energy

In related news, Director Stephen David Lile Reynish sold 77,600 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was 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 in the company, valued at C$105,490. The trade was a 83.44% decrease in their position. Also, insider Chad Lundberg acquired 11,000 shares of the company’s stock in a transaction that occurred on Monday, March 30th. The shares were acquired at an average price of C$6.15 per share, with a total value of C$67,650.00. Following the acquisition, the insider owned 613,401 shares in the company, valued at C$3,772,416.15. This trade represents a 1.83% increase in their ownership of the stock. Insiders have bought 49,800 shares of company stock worth $293,188 over the last quarter. 0.83% of the stock is owned by insiders.

Baytex Energy Company Profile

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.