Key Points
- Director Mark Bly bought 20,000 Baytex shares at C$4.50 on Dec. 24 for C$90,000, raising his direct stake to 575,638 shares — a 3.6% increase in ownership.
- Baytex declared a quarterly dividend of $0.0225 per share (annualized C$0.09, yield 2.1%), payable Jan. 2 with an ex-dividend date of Dec. 15.
- Wall Street sentiment is positive with several recent upgrades and a consensus rating of "Moderate Buy" and a consensus price target of C$4.79.
Baytex Energy Corp. (TSE:BTE - Get Free Report) (NYSE:BTE) Director Mark Bly acquired 20,000 shares of the business's stock in a transaction dated Wednesday, December 24th. The shares were acquired at an average price of C$4.50 per share, for a total transaction of C$90,000.00. Following the acquisition, the director directly owned 575,638 shares in the company, valued at C$2,590,371. This represents a 3.60% increase in their ownership of the stock.
Baytex Energy Price Performance
Shares of BTE opened at C$4.35 on Friday. The company has a debt-to-equity ratio of 57.38, a quick ratio of 0.77 and a current ratio of 0.69. The firm has a market capitalization of C$3.34 billion, a PE ratio of 15.54, a P/E/G ratio of 0.12 and a beta of 0.97. The stock has a 50 day simple moving average of C$4.02 and a 200 day simple moving average of C$3.33. Baytex Energy Corp. has a 52-week low of C$1.91 and a 52-week high of C$4.65.
Baytex Energy (TSE:BTE - Get Free Report) (NYSE:BTE) last announced its quarterly earnings results on Thursday, October 30th. The company reported C$0.04 earnings per share for the quarter. Baytex Energy had a negative net margin of 10.45% and a negative return on equity of 8.96%. The firm had revenue of C$746.42 million for the quarter. Sell-side analysts predict that Baytex Energy Corp. will post 0.3703367 EPS for the current fiscal year.
Baytex Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, December 15th. Baytex Energy's dividend payout ratio is 32.14%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on BTE shares. BMO Capital Markets raised Baytex Energy from a "hold" rating to an "outperform" rating and upped their price objective for the stock from C$3.00 to C$6.00 in a research report on Thursday, November 13th. Capital One Financial raised Baytex Energy to a "hold" rating in a research report on Monday, October 27th. Scotiabank upgraded shares of Baytex Energy from a "hold" rating to an "outperform" rating and lifted their price objective for the company from C$4.00 to C$5.25 in a report on Thursday, November 13th. Raymond James Financial raised shares of Baytex Energy from a "hold" rating to a "moderate buy" rating in a research report on Thursday, November 13th. Finally, National Bankshares reduced their target price on shares of Baytex Energy from C$4.75 to C$4.50 and set an "outperform" rating for the company in a report on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$4.79.
Get Our Latest Stock Analysis on Baytex Energy
Baytex Energy Company Profile
(
Get Free Report)
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.
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