Baytex Energy Corp. (TSE:BTE) Director Sells C$142,000.00 in Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Director Tiffany Thom Cepak sold 40,000 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$3.55, for a total transaction of C$142,000.00.

Baytex Energy Stock Performance

Baytex Energy stock opened at C$4.77 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 63.80. Baytex Energy Corp. has a 1 year low of C$3.83 and a 1 year high of C$6.37. The company has a market cap of C$3.92 billion, a PE ratio of -14.45, a PEG ratio of 0.12 and a beta of 2.80. The company’s 50-day moving average is C$4.38 and its two-hundred day moving average is C$4.92.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.25 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.12. The business had revenue of C$1.07 billion for the quarter. Baytex Energy had a negative net margin of 8.60% and a negative return on equity of 6.81%. Equities analysts anticipate that Baytex Energy Corp. will post 0.6898638 earnings per share for the current year.

Baytex Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.023 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.09 dividend on an annualized basis and a yield of 1.93%. Baytex Energy’s payout ratio is -27.27%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BTE. Raymond James lowered their target price on shares of Baytex Energy from C$6.75 to C$5.00 and set a “market perform” rating on the stock in a report on Friday, January 19th. National Bankshares lowered their target price on shares of Baytex Energy from C$8.25 to C$7.25 and set an “outperform” rating on the stock in a report on Wednesday, January 10th. Canaccord Genuity Group lowered their target price on shares of Baytex Energy from C$8.00 to C$7.75 and set a “buy” rating on the stock in a report on Thursday, December 7th. Royal Bank of Canada lowered their target price on shares of Baytex Energy from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. Finally, TD Securities decreased their price objective on shares of Baytex Energy from C$6.50 to C$6.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Baytex Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$6.65.

About Baytex Energy

Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas.