Baytex Energy Corp. (TSE:BTE) Senior Officer Purchases C$30,604.58 in Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Senior Officer Eric Thomas Greager bought 5,835 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average cost of C$5.25 per share, with a total value of C$30,604.58.

Eric Thomas Greager also recently made the following trade(s):

• On Wednesday, March 6th, Eric Thomas Greager bought 20,000 shares of Baytex Energy stock. The shares were purchased at an average cost of C$4.25 per share, with a total value of C$85,000.00.

Baytex Energy Stock Up 1.9 %

Shares of BTE stock opened at C$4.77 on Thursday. The stock’s 50 day simple moving average is C$4.38 and its 200 day simple moving average is C$4.92. The company has a debt-to-equity ratio of 63.80, a quick ratio of 0.77 and a current ratio of 0.79. Baytex Energy Corp. has a twelve month low of C$3.83 and a twelve month high of C$6.37. The company has a market capitalization of C$3.92 billion, a price-to-earnings ratio of -14.45, a PEG ratio of 0.12 and a beta of 2.80.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its quarterly earnings data 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. Baytex Energy had a negative return on equity of 6.81% and a negative net margin of 8.60%. The business had revenue of C$1.07 billion for the quarter. As a group, research analysts predict that Baytex Energy Corp. will post 0.6898638 EPS for the current year.

Baytex Energy Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently weighed in on BTE. Raymond James decreased their target price on Baytex Energy from C$6.75 to C$5.00 and set a “market perform” rating for the company in a research note on Friday, January 19th. CIBC decreased their target price on Baytex Energy from C$8.00 to C$6.00 and set a “neutral” rating for the company in a research note on Tuesday, January 16th. ATB Capital decreased their price target on Baytex Energy from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Stifel Nicolaus increased their price target on Baytex Energy from C$6.00 to C$6.25 and gave the company a “buy” rating in a research report on Thursday, February 29th. Finally, Canaccord Genuity Group reduced their price objective on Baytex Energy from C$8.00 to C$7.75 and set a “buy” rating for the company in a research note on Thursday, December 7th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.