Optiver Holding B.V. Makes New Investment in Baytex Energy Corp $BTE

Optiver Holding B.V. acquired a new stake in Baytex Energy Corp (NYSE:BTEFree Report) (TSE:BTE) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 128,936 shares of the oil and gas producer’s stock, valued at approximately $576,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Nova Scotia purchased a new position in shares of Baytex Energy during the third quarter worth approximately $26,000. Magnetar Financial LLC purchased a new stake in Baytex Energy in the 4th quarter valued at $35,000. Jump Financial LLC acquired a new stake in Baytex Energy during the 4th quarter worth $39,000. Caitong International Asset Management Co. Ltd boosted its stake 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 purchasing an additional 6,691 shares during the period. Finally, WINTON GROUP Ltd purchased a new position in Baytex Energy during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 46.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on BTE shares. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Baytex Energy in a research note on Friday, July 10th. Canaccord Genuity Group raised Baytex Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Zacks Research cut Baytex Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. TD Securities restated a “hold” rating on shares of Baytex Energy in a research report on Monday, May 11th. Finally, Weiss Ratings raised Baytex Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Check Out Our Latest Analysis on Baytex Energy

Baytex Energy Stock Up 6.9%

Shares of Baytex Energy stock opened at $4.55 on Friday. The company has a market cap of $3.23 billion, a P/E ratio of -6.80 and a beta of 0.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.12 and a current ratio of 2.15. Baytex Energy Corp has a one year low of $1.93 and a one year high of $5.36. The firm has a fifty day moving average of $4.34 and a two-hundred day moving average of $4.18.

Baytex Energy (NYSE:BTEGet Free Report) (TSE:BTE) last released its earnings results 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 company had revenue of $449.32 million during the quarter, compared to analysts’ expectations 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, analysts forecast that Baytex Energy Corp will post 0.26 earnings per share for the current year.

Baytex Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.0225 dividend. 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 dividend payout ratio (DPR) is presently -10.00%.

Baytex Energy Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Baytex Energy (NYSE:BTE)

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