Juniper Capital Advisors L.P. Sells 6,729,476 Shares of Baytex Energy Corp $BTE

Juniper Capital Advisors L.P. lessened its holdings in shares of Baytex Energy Corp (NYSE:BTE) (TSE:BTE) by 6.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 94,451,853 shares of the oil and gas producer’s stock after selling 6,729,476 shares during the period. Baytex Energy accounts for about 100.0% of Juniper Capital Advisors L.P.’s portfolio, making the stock its largest position. Juniper Capital Advisors L.P. owned 12.56% of Baytex Energy worth $305,079,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Magnetar Financial LLC acquired a new position in Baytex Energy during the 4th quarter worth about $35,000. Bank of Nova Scotia bought a new position in shares of Baytex Energy in the third quarter worth about $26,000. Jump Financial LLC bought a new position in shares of Baytex Energy in the fourth quarter worth about $39,000. R Squared Ltd bought a new stake in shares of Baytex Energy during the third quarter valued at approximately $31,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Baytex Energy by 98.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 13,490 shares of the oil and gas producer’s stock valued at $44,000 after purchasing an additional 6,691 shares in the last quarter. 46.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on BTE shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Baytex Energy in a report on Monday, May 11th. Raymond James Financial raised Baytex Energy from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 30th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Baytex Energy in a report on Monday, June 1st. Weiss Ratings upgraded Baytex Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, TD Securities restated a “hold” rating on shares of Baytex Energy in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Baytex Energy Trading Down 3.2%

NYSE BTE opened at $4.09 on Thursday. The stock has a 50-day simple moving average of $4.73 and a 200 day simple moving average of $3.98. The company has a market capitalization of $2.94 billion, a PE ratio of -5.84 and a beta of 0.37. The company has a current ratio of 2.15, a quick ratio of 2.12 and a debt-to-equity ratio of 0.06. Baytex Energy Corp has a 12 month low of $1.76 and a 12 month high of $5.36.

Baytex Energy (NYSE:BTE) (TSE:BTE) last posted its earnings results on Thursday, May 7th. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.09). The company had revenue of $325.64 million for the quarter, compared to analyst estimates of $228.04 million. Baytex Energy had a negative return on equity of 10.85% and a negative net margin of 24.25%. Research analysts forecast that Baytex Energy Corp will post 0.34 EPS for the current year.

Baytex Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 15th will be paid a $0.0225 dividend. This represents a $0.09 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, June 15th. Baytex Energy’s dividend payout ratio is presently -8.57%.

Baytex Energy Profile

Baytex Energy Corp. is an oil & gas exploration and production company. The firm engages in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company was founded on June 3, 1993 and is headquartered in Calgary, Canada.