Baytex Energy (TSE:BTE) Insider Buys C$85,950.00 in Stock
by Amy Steele · The Cerbat GemBaytex Energy Corp. (TSE:BTE – Get Free Report) (NYSE:BTE) insider Chadwick Kalmakoff purchased 15,000 shares of the stock in a transaction on Friday, March 20th. The stock was acquired at an average price of C$5.73 per share, for a total transaction of C$85,950.00. Following the completion of the purchase, the insider directly owned 382,331 shares in the company, valued at approximately C$2,190,756.63. The trade was a 4.08% increase in their position.
Baytex Energy Price Performance
TSE:BTE remained flat at C$5.92 on Friday. 7,894,720 shares of the company’s stock traded hands, compared to its average volume of 7,658,567. The business has a 50 day simple moving average of C$5.26 and a 200-day simple moving average of C$4.42. Baytex Energy Corp. has a 52-week low of C$1.91 and a 52-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 stock has a market capitalization of C$4.37 billion, a P/E ratio of -7.59, a P/E/G ratio of 0.12 and a beta of 0.94.
Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) last announced its quarterly earnings data on Wednesday, March 4th. The company reported C($1.11) earnings per share for the quarter. Baytex Energy had a negative net margin of 40.77% and a negative return on equity of 16.25%. On average, research analysts expect that Baytex Energy Corp. will post 0.3703367 earnings per share for the current fiscal year.
Baytex Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, April 1st were paid a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, March 13th. Baytex Energy’s dividend payout ratio (DPR) is currently -11.54%.
Wall Street Analysts Forecast Growth
BTE has been the topic of a number of analyst reports. Raymond James Financial upgraded Baytex Energy from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$5.50 to C$7.00 in a research note on Monday, March 30th. Scotiabank raised 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 research note on Tuesday, January 20th. TD Securities boosted their target price on shares of Baytex Energy from C$5.00 to C$5.50 and gave the stock a “hold” rating in a report on Thursday, March 5th. National Bank Financial upped their price target on shares of Baytex Energy from C$5.00 to C$5.75 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. Finally, Royal Bank Of Canada cut shares of Baytex Energy from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$5.54.
Check Out Our Latest Report on BTE
Baytex Energy Company Profile
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.