Two Sigma Securities LLC purchased a new position in Baytex Energy Corp (NYSE:BTE – Free Report) (TSE:BTE) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 130,363 shares of the oil and gas producer’s stock, valued at approximately $521,000.
Several other institutional investors have also recently added to or reduced their stakes in BTE. Magnetar Financial LLC bought a new position in Baytex Energy during the 4th quarter worth approximately $35,000. Bank of Nova Scotia acquired a new position in Baytex Energy in the third quarter worth $26,000. Jump Financial LLC bought a new stake in Baytex Energy during the fourth quarter valued at $39,000. Capula Management Ltd bought a new stake in Baytex Energy during the first quarter valued at $57,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Baytex Energy by 98.4% during the fourth 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. 46.15% of the stock is owned by institutional investors and hedge funds.
Baytex Energy Stock Performance
Shares of NYSE BTE opened at $5.07 on Thursday. The company has a quick ratio of 2.79, a current ratio of 2.82 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of -7.56 and a beta of 0.39. The stock’s fifty day simple moving average is $4.33 and its 200 day simple moving average is $4.37. Baytex Energy Corp has a 52-week low of $2.15 and a 52-week high of $5.36.
Baytex Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Baytex Energy’s payout ratio is presently -10.45%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Zacks Research raised Baytex Energy from a “strong sell” rating to a “hold” rating in a report on Thursday, August 20th. Weiss Ratings upgraded shares of Baytex Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. TD Securities reissued a “hold” rating on shares of Baytex Energy in a research note on Monday, August 3rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Baytex Energy in a research note on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Baytex Energy in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on BTE
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.
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