Optiver Holding B.V. Purchases New Stake in Baytex Energy Corp $BTE

Optiver Holding B.V. purchased a new stake in Baytex Energy Corp (NYSE:BTE) (TSE:BTE) during the first quarter, HoldingsChannel.com reports. The firm purchased 128,936 shares of the oil and gas producer’s stock, valued at approximately $576,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Magnetar Financial LLC purchased a new position in Baytex Energy in the fourth quarter worth $35,000. Bank of Nova Scotia purchased a new stake in shares of Baytex Energy during the 3rd quarter worth $26,000. Jump Financial LLC acquired a new position in shares of Baytex Energy during the 4th quarter worth $39,000. Capula Management Ltd acquired a new position in shares of Baytex Energy during the 1st quarter worth $57,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Baytex Energy by 98.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,490 shares of the oil and gas producer’s stock worth $44,000 after purchasing an additional 6,691 shares during the period. Institutional investors and hedge funds own 46.15% of the company’s stock.

Analysts Set New Price Targets

BTE has been the subject of several recent analyst reports. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Baytex Energy in a research note on Friday, July 10th. Canaccord Genuity Group upgraded shares of Baytex Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Royal Bank Of Canada restated a “sector perform” rating on shares of Baytex Energy in a research report on Monday, May 11th. Scotiabank reaffirmed an “outperform” rating on shares of Baytex Energy in a report on Tuesday, April 21st. Finally, TD Securities reiterated a “hold” rating on shares of Baytex Energy in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Baytex Energy currently has an average rating of “Hold”.

Baytex Energy Trading Up 6.9%

NYSE:BTE opened at $4.55 on Friday. The company has a market capitalization of $3.23 billion, a PE ratio of -6.80 and a beta of 0.40. The company has a quick ratio of 2.12, a current ratio of 2.15 and a debt-to-equity ratio of 0.06. Baytex Energy Corp has a 52-week low of $1.93 and a 52-week high of $5.36. The stock has a fifty day simple moving average of $4.34 and a 200-day simple moving average of $4.18.

Baytex Energy (NYSE:BTE) (TSE:BTE) last released its quarterly earnings data on Thursday, July 30th. The oil and gas producer reported $0.17 EPS for the quarter, topping the consensus estimate of $0.08 by $0.09. The business had revenue of $449.32 million for the quarter, compared to analyst estimates of $218.10 million. Baytex Energy had a negative net margin of 26.43% and a negative return on equity of 7.27%. On average, equities research analysts expect that Baytex Energy Corp will post 0.26 earnings per share for the current fiscal year.

Baytex Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0225 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.09 dividend on an annualized basis and a yield of 2.0%. Baytex Energy’s payout ratio is presently -10.00%.

Baytex Energy Profile

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.