Insider Buying: Baytex Energy (TSE:BTE) Insider Purchases 10,000 Shares of Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) insider James Robert Maclean purchased 10,000 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was bought at an average price of C$5.73 per share, for a total transaction of C$57,300.00. Following the completion of the transaction, the insider directly owned 185,322 shares in the company, valued at approximately C$1,061,895.06. The trade was a 5.70% increase in their ownership of the stock.

Baytex Energy Stock Performance

Shares of BTE remained flat at C$5.92 during trading hours on Friday. 7,894,720 shares of the stock were exchanged, compared to its average volume of 7,658,567. The firm has a fifty day moving average of C$5.26 and a two-hundred day moving average of C$4.42. The firm has a market cap of C$4.37 billion, a PE ratio of -7.59, a P/E/G 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. Baytex Energy Corp. has a 1-year low of C$1.91 and a 1-year high of C$6.35.

Baytex Energy (TSE:BTE) (NYSE:BTE) last released its earnings results 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, equities research analysts predict that Baytex Energy Corp. will post 0.3703367 EPS for the current year.

Baytex Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, April 1st were given a $0.0225 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.5%. Baytex Energy’s dividend payout ratio (DPR) is currently -11.54%.

Analyst Ratings Changes

Several analysts have recently weighed in on BTE shares. Raymond James Financial raised Baytex Energy from a “hold” rating to a “moderate buy” rating and lifted their price objective for the stock from C$5.50 to C$7.00 in a report on Monday, March 30th. Canaccord Genuity Group cut Baytex Energy from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$5.00 to C$4.75 in a research report on Tuesday, January 27th. National Bank Financial lifted 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 note on Thursday, March 5th. TD Securities boosted their price target on shares of Baytex Energy from C$5.00 to C$5.50 and gave the company a “hold” rating in a report on Thursday, March 5th. Finally, Scotiabank increased their price objective 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. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.