Baytex Energy Corp (NYSE:BTE – Get Free Report) (TSE:BTE)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.76 and traded as high as $5.23. Baytex Energy shares last traded at $5.1550, with a volume of 15,651,484 shares changing hands.
Wall Street Analyst Weigh In
A number of analysts recently commented on BTE shares. Weiss Ratings upgraded Baytex Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Baytex Energy in a research report on Monday, May 11th. Zacks Research upgraded Baytex Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Raymond James Financial upgraded Baytex Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 30th. Finally, Scotiabank restated an “outperform” rating on shares of Baytex Energy in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
Read Our Latest Research Report on Baytex Energy
Baytex Energy Stock Performance
Baytex Energy (NYSE:BTE – Get Free Report) (TSE:BTE) last issued its quarterly earnings results on Thursday, May 7th. The oil and gas producer reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09). Baytex Energy had a negative return on equity of 10.85% and a negative net margin of 24.25%.The company had revenue of $325.64 million during the quarter, compared to analysts’ expectations of $228.04 million. Equities research analysts forecast that Baytex Energy Corp will post 0.21 EPS for the current year.
Baytex Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Monday, June 15th will be given a dividend of $0.0225 per share. The ex-dividend date is Monday, June 15th. This represents a $0.09 annualized dividend and a dividend yield of 1.7%. Baytex Energy’s dividend payout ratio (DPR) is currently -10.00%.
Institutional Trading of Baytex Energy
Institutional investors have recently made changes to their positions in the business. Bank of Nova Scotia purchased a new stake in shares of Baytex Energy during the third quarter worth about $26,000. R Squared Ltd bought a new position in Baytex Energy during the third quarter valued at approximately $31,000. Magnetar Financial LLC bought a new stake in shares of Baytex Energy in the 4th quarter valued at approximately $35,000. Jump Financial LLC bought a new stake in shares of Baytex Energy in the 4th quarter valued at approximately $39,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Baytex Energy by 98.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,490 shares of the oil and gas producer’s stock valued at $44,000 after purchasing an additional 6,691 shares during the last quarter. Hedge funds and other institutional investors own 46.15% of the company’s stock.
Baytex Energy Company 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.
Featured Stories
- Five stocks we like better than Baytex Energy
- SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns
- Microsoft Stock Discount May Be Ending as AI Catalysts Build
- Apparel Earnings Winners and Losers: Ralph Lauren Takes Off
- Why Walmart, Target and TJX Got Such Different Reactions After Earnings
Receive News & Ratings for Baytex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baytex Energy and related companies with MarketBeat.com's FREE daily email newsletter.
