UBS Group AG Has $14.93 Million Stock Holdings in Baytex Energy Corp $BTE

UBS Group AG decreased its stake in Baytex Energy Corp (NYSE:BTE) (TSE:BTE) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,622,532 shares of the oil and gas producer’s stock after selling 506,543 shares during the period. UBS Group AG’s holdings in Baytex Energy were worth $14,931,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Nova Scotia acquired a new stake in shares of Baytex Energy in the third quarter valued at about $26,000. R Squared Ltd bought a new stake in shares of Baytex Energy during the 3rd quarter valued at about $31,000. Kathmere Capital Management LLC bought a new stake in shares of Baytex Energy during the 4th quarter valued at about $63,000. Davis Rea LTD. bought a new stake in shares of Baytex Energy during the 3rd quarter valued at about $47,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Baytex Energy during the 4th quarter valued at about $80,000. Institutional investors and hedge funds own 46.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings upgraded Baytex Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. Royal Bank Of Canada restated a “sector perform” rating on shares of Baytex Energy in a research report on Monday. TD Securities restated a “hold” rating on shares of Baytex Energy in a research report on Monday. Zacks Research upgraded Baytex Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Finally, TD Cowen lowered Baytex Energy from a “buy” rating to a “hold” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Baytex Energy Stock Up 0.5%

Shares of Baytex Energy stock opened at $4.96 on Thursday. The stock’s 50-day moving average is $4.36 and its 200 day moving average is $3.60. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of -7.08 and a beta of 0.39. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.15 and a quick ratio of 3.61. Baytex Energy Corp has a one year low of $1.56 and a one year high of $5.24.

Baytex Energy (NYSE:BTE) (TSE:BTE) last announced its quarterly earnings results on Thursday, May 7th. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.09). The firm had revenue of $325.64 million during the quarter, compared to the consensus estimate of $228.04 million. Baytex Energy had a negative return on equity of 10.85% and a negative net margin of 24.25%. Equities research analysts anticipate that Baytex Energy Corp will post 0.18 EPS for the current year.

Baytex Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 15th will be issued a $0.0225 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.09 annualized dividend and a yield of 1.8%. Baytex Energy’s dividend payout ratio is presently -10.00%.

About Baytex Energy

Baytex Energy Corp. is an oil & gas exploration and production company. The firm engages in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company was founded on June 3, 1993 and is headquartered in Calgary, Canada.