Baytex Energy Corp $BTE Shares Sold by Juniper Capital Advisors L.P.

Juniper Capital Advisors L.P. lowered its holdings in shares of Baytex Energy Corp (NYSE:BTE) (TSE:BTE) by 6.7% during the fourth quarter, HoldingsChannel reports. The firm owned 94,451,853 shares of the oil and gas producer’s stock after selling 6,729,476 shares during the quarter. Baytex Energy comprises 100.0% of Juniper Capital Advisors L.P.’s holdings, making the stock its largest holding. Juniper Capital Advisors L.P. owned approximately 0.13% of Baytex Energy worth $305,079,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cetera Investment Advisers grew its position in shares of Baytex Energy by 45.9% in the 4th quarter. Cetera Investment Advisers now owns 16,060 shares of the oil and gas producer’s stock valued at $52,000 after purchasing an additional 5,054 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in 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 buying an additional 6,691 shares during the period. Lakewood Asset Management LLC lifted its stake in Baytex Energy by 13.3% in the fourth quarter. Lakewood Asset Management LLC now owns 67,571 shares of the oil and gas producer’s stock valued at $218,000 after buying an additional 7,921 shares in the last quarter. United Capital Management of KS Inc. lifted its stake in Baytex Energy by 11.1% in the fourth quarter. United Capital Management of KS Inc. now owns 100,000 shares of the oil and gas producer’s stock valued at $323,000 after buying an additional 10,000 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Baytex Energy by 14.6% in the fourth quarter. Barclays PLC now owns 81,854 shares of the oil and gas producer’s stock valued at $264,000 after buying an additional 10,435 shares during the period. Institutional investors own 46.15% of the company’s stock.

Analyst Ratings Changes

BTE has been the topic of a number of research analyst reports. TD Securities restated a “hold” rating on shares of Baytex Energy in a report on Monday, May 11th. Scotiabank reiterated an “outperform” rating on shares of Baytex Energy in a report on Tuesday, April 21st. Weiss Ratings raised Baytex Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Zacks Research upgraded Baytex Energy from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Finally, Raymond James Financial raised Baytex Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Baytex Energy Stock Down 3.2%

Shares of BTE stock opened at $4.09 on Thursday. The firm’s fifty day moving average price is $4.73 and its two-hundred day moving average price is $3.98. The company has a current ratio of 2.15, a quick ratio of 2.12 and a debt-to-equity ratio of 0.06. Baytex Energy Corp has a 1 year low of $1.76 and a 1 year high of $5.36. The firm has a market capitalization of $2.94 billion, a P/E ratio of -5.84 and a beta of 0.37.

Baytex Energy (NYSE:BTE) (TSE:BTE) last announced its quarterly earnings data on Thursday, May 7th. The oil and gas producer reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.09). The company had revenue of $325.64 million during the quarter, compared to the consensus estimate of $228.04 million. Baytex Energy had a negative net margin of 24.25% and a negative return on equity of 10.85%. On average, equities analysts predict that Baytex Energy Corp will post 0.34 EPS for the current fiscal year.

Baytex Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 15th will be paid a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, June 15th. Baytex Energy’s dividend payout ratio (DPR) is currently -8.57%.

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.