Baytex Energy (TSE:BTE) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.83 and traded as high as C$4.78. Baytex Energy shares last traded at C$4.75, with a volume of 5,462,531 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on BTE. Scotiabank lifted their target price on shares of Baytex Energy from C$5.25 to C$5.50 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada downgraded shares of Baytex Energy from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 13th. National Bank Financial decreased their price objective on Baytex Energy from C$4.75 to C$4.50 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. Canaccord Genuity Group cut Baytex Energy from a “buy” rating to a “hold” rating and cut their target price for the stock from C$5.00 to C$4.75 in a research note on Tuesday, January 27th. Finally, TD Securities downgraded Baytex Energy from a “buy” rating to a “hold” rating and set a C$5.00 target price on the stock. in a research report on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Baytex Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$4.79.

Baytex Energy Trading Up 2.8%

The company has a quick ratio of 0.77, a current ratio of 0.69 and a debt-to-equity ratio of 57.38. The business has a 50-day simple moving average of C$4.53 and a 200-day simple moving average of C$3.83. The company has a market cap of C$3.65 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 0.12 and a beta of 1.02.

Baytex Energy (TSE:BTE) (NYSE:BTE) last released its quarterly earnings results on Thursday, October 30th. The company reported C$0.04 EPS for the quarter. Baytex Energy had a negative return on equity of 8.96% and a negative net margin of 10.45%.The business had revenue of C$746.42 million during the quarter. On average, analysts predict 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 Friday, January 2nd. Investors of record on Friday, January 2nd were issued a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, December 15th. Baytex Energy’s dividend payout ratio (DPR) is 32.14%.

Insider Activity

In other Baytex Energy news, Director Mark Bly acquired 20,000 shares of the stock in a transaction dated Wednesday, December 24th. The stock was acquired at an average price of C$4.50 per share, with a total value of C$90,000.00. Following the completion of the purchase, the director owned 575,638 shares in the company, valued at C$2,590,371. This trade represents a 3.60% increase in their position. Also, insider Chad Lundberg acquired 11,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The stock was acquired at an average price of C$4.36 per share, with a total value of C$50,140.00. Following the acquisition, the insider directly owned 532,801 shares of the company’s stock, valued at approximately C$2,323,012.36. This represents a 2.21% increase in their position. Insiders own 0.83% of the company’s stock.

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.