Baytex Energy Corp. (TSE:BTE) Senior Officer Nicole Marie Frechette Acquires 8,200 Shares of Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Senior Officer Nicole Marie Frechette purchased 8,200 shares of the business’s stock in a transaction on Monday, December 9th. The stock was purchased at an average price of C$3.67 per share, with a total value of C$30,094.00.

Nicole Marie Frechette also recently made the following trade(s):

• On Wednesday, September 11th, Nicole Marie Frechette bought 4,950 shares of Baytex Energy stock. The stock was purchased at an average cost of C$4.05 per share, for a total transaction of C$20,022.75.

Baytex Energy Stock Down 2.2 %

BTE stock opened at C$3.60 on Friday. Baytex Energy Corp. has a fifty-two week low of C$3.55 and a fifty-two week high of C$5.55. The company has a debt-to-equity ratio of 62.33, a current ratio of 0.72 and a quick ratio of 0.77. The stock has a market capitalization of C$2.90 billion, a price-to-earnings ratio of -5.22, a PEG ratio of 0.12 and a beta of 2.61. The business’s fifty day moving average price is C$4.07 and its two-hundred day moving average price is C$4.47.

Baytex Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, January 2nd will be given a dividend of $0.023 per share. This represents a $0.09 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Friday, December 13th. Baytex Energy’s dividend payout ratio is -13.04%.

Wall Street Analyst Weigh In

BTE has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their price target on Baytex Energy from C$6.50 to C$5.50 in a research report on Tuesday, September 17th. BMO Capital Markets decreased their target price on Baytex Energy from C$6.00 to C$5.50 in a report on Wednesday, December 4th. Raymond James raised Baytex Energy to a “hold” rating in a report on Thursday, October 17th. National Bankshares reduced their price objective on shares of Baytex Energy from C$8.00 to C$7.50 in a research report on Friday, September 27th. Finally, Canaccord Genuity Group dropped their price objective on shares of Baytex Energy from C$6.50 to C$6.00 in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$5.97.

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.