Baytex Energy (TSE:BTE) Insider Nicole Marie Frechette Purchases 8,500 Shares

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) insider Nicole Marie Frechette acquired 8,500 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was acquired at an average cost of C$5.84 per share, with a total value of C$49,640.00. Following the acquisition, the insider directly owned 73,026 shares in the company, valued at approximately C$426,471.84. This trade represents a 13.17% increase in their ownership of the stock.

Baytex Energy Price Performance

TSE BTE traded up C$0.22 during midday trading on Monday, hitting C$6.14. The company had a trading volume of 5,310,999 shares, compared to its average volume of 7,618,627. The firm has a 50-day moving average price of C$5.26 and a 200-day moving average price of C$4.43. The company has a market capitalization of C$4.53 billion, a PE ratio of -7.87, a P/E/G ratio of 0.12 and a beta of 0.42. The company has a current ratio of 3.61, a quick ratio of 0.77 and a debt-to-equity ratio of 4.94. Baytex Energy Corp. has a twelve month low of C$1.91 and a twelve month high of C$6.35.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its quarterly earnings data on Wednesday, March 4th. The company reported C($1.11) earnings per share (EPS) for the quarter. Baytex Energy had a negative net margin of 40.77% and a negative return on equity of 16.25%. As a group, analysts anticipate that Baytex Energy Corp. will post 0.3703367 earnings per share for the current fiscal year.

Baytex Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, April 1st were issued a $0.0225 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.09 annualized dividend and a yield of 1.5%. Baytex Energy’s dividend payout ratio (DPR) is -11.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BTE shares. Royal Bank Of Canada lowered shares of Baytex Energy from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 13th. Canaccord Genuity Group lowered Baytex Energy from a “buy” rating to a “hold” rating and lowered their price target for the company from C$5.00 to C$4.75 in a research report on Tuesday, January 27th. National Bank Financial lifted their target price on shares of Baytex Energy from C$5.00 to C$5.75 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Scotiabank boosted their target price on shares of Baytex Energy from C$5.25 to C$5.50 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Finally, TD Securities increased their target price on Baytex Energy from C$5.00 to C$5.50 and gave the stock a “hold” rating in a research note on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$5.54.

About Baytex Energy

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.