Baytex Energy (TSE:BTE) Insider Purchases C$67,650.00 in Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) insider Chad Lundberg acquired 11,000 shares of the company’s stock in a transaction on Monday, March 30th. The stock was acquired at an average cost of C$6.15 per share, for a total transaction of C$67,650.00. Following the completion of the purchase, the insider directly owned 613,401 shares of the company’s stock, valued at approximately C$3,772,416.15. This represents a 1.83% increase in their position.

Chad Lundberg also recently made the following trade(s):

• On Monday, March 30th, Chad Lundberg acquired 5,300 shares of Baytex Energy stock. The shares were acquired at an average price of C$6.16 per share, with a total value of C$32,648.00.
• On Tuesday, December 30th, Chad Lundberg bought 11,500 shares of Baytex Energy stock. The shares were acquired at an average cost of C$4.36 per share, with a total value of C$50,140.00.

Baytex Energy Stock Up 0.7%

Shares of BTE traded up C$0.04 on Monday, reaching C$6.04. The company’s stock had a trading volume of 8,580,585 shares, compared to its average volume of 7,493,073. Baytex Energy Corp. has a twelve month low of C$1.91 and a twelve month high of C$6.21. The stock has a market capitalization of C$4.46 billion, a PE ratio of -7.74, a PEG ratio of 0.12 and a beta of 0.94. The company has a current ratio of 3.61, a quick ratio of 0.77 and a debt-to-equity ratio of 4.94. The firm has a fifty day moving average of C$5.12 and a 200-day moving average of C$4.34.

Baytex Energy (TSE:BTE) (NYSE:BTE) last released its quarterly earnings results on Wednesday, March 4th. The company reported C($1.11) earnings per share (EPS) for the quarter. Baytex Energy had a negative net margin of 40.77% and a negative return on equity of 16.25%. Equities analysts predict that Baytex Energy Corp. will post 0.3703367 EPS for the current year.

Baytex Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, April 1st will be issued a dividend of $0.0225 per share. The ex-dividend date is Friday, March 13th. This represents a $0.09 annualized dividend and a yield of 1.5%. Baytex Energy’s dividend payout ratio is -11.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Canaccord Genuity Group cut Baytex Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$5.00 to C$4.75 in a research note on Tuesday, January 27th. Scotiabank increased 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 “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$5.50 to C$7.00 in a report on Monday. TD Securities increased their price objective on shares of Baytex Energy from C$5.00 to C$5.50 and gave the company a “hold” rating in a research note 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 report on Tuesday, January 13th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Baytex Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$5.54.

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.