Baytex Energy Corp. (TSE:BTE) Senior Officer Nicole Marie Frechette Buys 5,200 Shares

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Senior Officer Nicole Marie Frechette acquired 5,200 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of C$2.90 per share, for a total transaction of C$15,080.00.

Baytex Energy Stock Performance

TSE BTE opened at C$3.08 on Thursday. The firm has a market cap of C$2.43 billion, a price-to-earnings ratio of -7.01, a PEG ratio of 0.12 and a beta of 2.61. The company has a 50 day moving average of C$3.51 and a 200-day moving average of C$3.91. The company has a current ratio of 0.69, a quick ratio of 0.77 and a debt-to-equity ratio of 57.38. Baytex Energy Corp. has a 1-year low of C$2.74 and a 1-year high of C$5.55.

Baytex Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, March 14th. Baytex Energy’s payout ratio is -20.48%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Baytex Energy from C$5.00 to C$4.00 in a report on Wednesday, March 5th. Royal Bank of Canada dropped their price objective on shares of Baytex Energy from C$5.50 to C$5.00 in a report on Tuesday, January 14th. TD Securities dropped their price objective on shares of Baytex Energy from C$5.50 to C$5.00 in a report on Wednesday, March 5th. CIBC dropped their price target on shares of Baytex Energy from C$6.00 to C$5.00 in a research report on Friday, January 17th. Finally, ATB Capital dropped their price target on shares of Baytex Energy from C$5.50 to C$5.20 in a research report on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$5.59.

Baytex Energy Company Profile

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.