Baytex Energy Corp. (TSE:BTE – Get Free Report) (NYSE:BTE) Director Stephen David Lile Reynish sold 77,600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of C$6.85, for a total value of C$531,560.00. Following the completion of the transaction, the director owned 15,400 shares of the company’s stock, valued at approximately C$105,490. The trade was a 83.44% decrease in their position.
Baytex Energy Stock Up 1.6%
Shares of BTE traded up C$0.11 on Tuesday, reaching C$6.85. The stock had a trading volume of 5,706,845 shares, compared to its average volume of 7,302,357. The firm has a market capitalization of C$4.96 billion, a price-to-earnings ratio of -7.14, a price-to-earnings-growth ratio of 0.12 and a beta of 0.58. The company has a debt-to-equity ratio of 6.84, a quick ratio of 0.77 and a current ratio of 2.15. The company has a 50-day simple moving average of C$6.36 and a 200-day simple moving average of C$5.29. Baytex Energy Corp. has a 12-month low of C$2.26 and a 12-month high of C$7.37.
Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) last posted its quarterly earnings data on Thursday, May 7th. The company reported C($0.09) earnings per share for the quarter. Baytex Energy had a negative net margin of 83.88% and a negative return on equity of 23.15%. The company had revenue of C$401.37 million for the quarter. Sell-side analysts predict that Baytex Energy Corp. will post 0.3703367 EPS for the current year.
Baytex Energy Announces Dividend
Wall Street Analysts Forecast Growth
A number of research firms have commented on BTE. Royal Bank Of Canada lifted their target price on Baytex Energy from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. TD Securities lifted their target price on Baytex Energy from C$5.00 to C$5.50 and gave the company a “hold” rating in a research report on Thursday, March 5th. ATB Cormark Capital Markets lifted their target price on Baytex Energy from C$7.00 to C$8.50 and gave the company a “sector perform” rating in a research report on Friday, May 8th. TD boosted their price objective on Baytex Energy from C$6.00 to C$6.50 and gave the company a “hold” rating in a research report on Monday, May 11th. Finally, National Bank Financial boosted their price objective on Baytex Energy from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$7.00.
View Our Latest Research Report on Baytex Energy
About Baytex Energy
Baytex Energy Corp. is a Calgary -based energy company committed to driving shareholder value through disciplined execution. It operates a high-quality, high-return portfolio in the Western Canadian Sedimentary Basin, featuring the Pembina Duvernay and heavy oil plays in Alberta and Saskatchewan. These core assets are backed by an extensive drilling inventory and consistently generate strong cash flow.
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