TD Waterhouse Canada Inc. Has $395,000 Stake in Baytex Energy Corp $BTE

TD Waterhouse Canada Inc. reduced its position in Baytex Energy Corp (NYSE:BTE) (TSE:BTE) by 58.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,108 shares of the oil and gas producer’s stock after selling 144,383 shares during the period. TD Waterhouse Canada Inc.’s holdings in Baytex Energy were worth $395,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Bank of Nova Scotia acquired a new position in Baytex Energy during the third quarter worth $26,000. Magnetar Financial LLC bought a new position in shares of Baytex Energy in the fourth quarter valued at $35,000. Jump Financial LLC acquired a new position in shares of Baytex Energy during the fourth quarter valued at about $39,000. Caitong International Asset Management Co. Ltd increased its position in shares of Baytex Energy by 98.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 13,490 shares of the oil and gas producer’s stock worth $44,000 after acquiring an additional 6,691 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Baytex Energy in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 46.15% of the company’s stock.

Baytex Energy Stock Performance

BTE stock opened at $5.04 on Friday. The firm has a market cap of $3.48 billion, a PE ratio of -7.53 and a beta of 0.39. The company has a quick ratio of 2.79, a current ratio of 2.82 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average of $4.44 and a 200-day moving average of $4.43. Baytex Energy Corp has a 12-month low of $2.18 and a 12-month high of $5.36.

Baytex Energy (NYSE:BTE) (TSE:BTE) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas producer reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.09. The business had revenue of $449.32 million for the quarter, compared to analyst estimates of $218.10 million. Baytex Energy had a negative return on equity of 7.77% and a negative net margin of 26.43%. As a group, sell-side analysts expect that Baytex Energy Corp will post 0.41 earnings per share for the current year.

Baytex Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0225 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.09 annualized dividend and a dividend yield of 1.8%. Baytex Energy’s dividend payout ratio (DPR) is currently -10.45%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BTE shares. TD Securities reaffirmed a “hold” rating on shares of Baytex Energy in a research report on Monday, August 3rd. Zacks Research raised Baytex Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 20th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Baytex Energy in a research note on Friday, July 10th. Finally, Weiss Ratings raised shares of Baytex Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Baytex Energy currently has a consensus rating of “Hold”.

Baytex Energy Company 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.