Baytex Energy Corp. (TSE:BTE) Senior Officer James Robert Maclean Buys 43,000 Shares

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Senior Officer James Robert Maclean purchased 43,000 shares of Baytex Energy stock in a transaction dated Tuesday, May 20th. The stock was acquired at an average price of C$2.33 per share, for a total transaction of C$100,190.00.

Baytex Energy Stock Down 3.8%

BTE stock opened at C$2.30 on Wednesday. Baytex Energy Corp. has a 52 week low of C$1.91 and a 52 week high of C$5.25. The company has a market capitalization of C$1.82 billion, a price-to-earnings ratio of -5.23, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61. The firm’s 50-day moving average is C$2.55 and its two-hundred day moving average is C$3.27. 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 Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st were given a dividend of $0.0225 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.91%. Baytex Energy’s dividend payout ratio (DPR) is -20.48%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BTE shares. Raymond James cut their price objective on shares of Baytex Energy from C$4.00 to C$3.50 and set a “market perform” rating on the stock in a research report on Tuesday, May 6th. CIBC cut their price objective on shares of Baytex Energy from C$5.00 to C$4.25 in a research report on Thursday, April 10th. BMO Capital Markets cut their price objective on shares of Baytex Energy from C$5.00 to C$4.00 in a research report on Wednesday, March 5th. National Bankshares cut their price objective on shares of Baytex Energy from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 6th. Finally, Atb Cap Markets downgraded shares of Baytex Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Baytex Energy has a consensus rating of “Hold” and a consensus target price of C$4.68.

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.