Key Points
- Insider purchase: Nicole Marie Frechette acquired 8,500 shares on April 2 at C$5.84 (C$49,640 total), boosting her stake to 73,026 shares — a 13.17% increase valued at about C$426,472.
- Market and fundamentals: BTE shares were up 3.7%, trading in a 52‑week range of C$1.91–C$6.35 with a market cap of C$4.53B, but the company reported C($1.11) EPS last quarter and a negative net margin (-40.77%); analysts have a consensus "Moderate Buy" rating with a C$5.54 target.
- Dividend announced: Baytex paid a quarterly dividend of $0.0225 per share (annualized $0.09, ~1.5% yield) with an ex‑dividend date of March 13 and a reported payout ratio of -11.54%.
Baytex Energy Corp. (TSE:BTE - Get Free Report) (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 purchased 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 of the company's stock, valued at C$426,471.84. This represents a 13.17% increase in their position.
Baytex Energy Stock Up 3.7%
BTE opened at C$6.14 on Tuesday. Baytex Energy Corp. has a fifty-two week low of C$1.91 and a fifty-two week high of C$6.35. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.77 and a current ratio of 3.61. The company has a fifty day moving average of C$5.29 and a two-hundred day moving average of C$4.45. The stock has a market capitalization of C$4.53 billion, a price-to-earnings ratio of -7.87, a PEG ratio of 0.12 and a beta of 0.42.
Baytex Energy (TSE:BTE - Get Free Report) (NYSE:BTE) last released its earnings results on Wednesday, March 4th. The company reported C($1.11) EPS for the quarter. Baytex Energy had a negative return on equity of 16.25% and a negative net margin of 40.77%. On average, research analysts expect that Baytex Energy Corp. will post 0.3703367 earnings per share for the current year.
Baytex Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, April 1st were given a dividend of $0.0225 per share. The ex-dividend date was Friday, March 13th. This represents a $0.09 dividend on an annualized basis and a yield of 1.5%. Baytex Energy's payout ratio is presently -11.54%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on BTE shares. TD Securities boosted their target price on shares of Baytex Energy from C$5.00 to C$5.50 and gave the company a "hold" rating in a report on Thursday, March 5th. Canaccord Genuity Group lowered shares of Baytex Energy from a "buy" rating to a "hold" rating and decreased their target price for the company from C$5.00 to C$4.75 in a report on Tuesday, January 27th. 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. Raymond James Financial upgraded shares of Baytex Energy from a "hold" rating to a "moderate buy" rating and boosted their target price for the company from C$5.50 to C$7.00 in a report on Monday, March 30th. Finally, National Bank Financial boosted 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 report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$5.54.
View Our Latest Stock Analysis on Baytex Energy
About Baytex Energy
(
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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