Chadwick Kalmakoff Acquires 15,000 Shares of Baytex Energy (TSE:BTE) Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) insider Chadwick Kalmakoff acquired 15,000 shares of Baytex Energy stock in a transaction on Friday, March 20th. The stock was acquired at an average cost of C$5.73 per share, for a total transaction of C$85,950.00. Following the completion of the purchase, the insider owned 382,331 shares of the company’s stock, valued at approximately C$2,190,756.63. The trade was a 4.08% increase in their position.

Baytex Energy Price Performance

Shares of Baytex Energy stock remained flat at C$5.92 on Friday. 7,894,720 shares of the company’s stock traded hands, compared to its average volume of 7,658,567. The firm has a 50 day moving average price of C$5.26 and a 200-day moving average price of C$4.42. The company has a market cap of C$4.37 billion, a PE ratio of -7.59, a PEG ratio of 0.12 and a beta of 0.94. Baytex Energy Corp. has a 52 week low of C$1.91 and a 52 week high of C$6.35. The company has a quick ratio of 0.77, a current ratio of 3.61 and a debt-to-equity ratio of 4.94.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C($1.11) earnings per share (EPS) for the quarter. Baytex Energy had a negative return on equity of 16.25% and a negative net margin of 40.77%. On average, analysts forecast that Baytex Energy Corp. will post 0.3703367 earnings per share for the current fiscal year.

Baytex Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.0225 per share. The ex-dividend date was Friday, March 13th. This represents a $0.09 dividend on an annualized basis and a yield of 1.5%. Baytex Energy’s dividend payout ratio (DPR) is -11.54%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BTE. Canaccord Genuity Group cut Baytex Energy from a “buy” rating to a “hold” rating and lowered their price target for the company from C$5.00 to C$4.75 in a research note on Tuesday, January 27th. Raymond James Financial raised shares of Baytex Energy from a “hold” rating to a “moderate buy” rating and lifted their price objective for the stock from C$5.50 to C$7.00 in a research note on Monday, March 30th. National Bank Financial boosted their price objective on shares of Baytex Energy from C$5.00 to C$5.75 and gave the company an “outperform” rating in a report on Thursday, March 5th. Scotiabank upped their target price on shares of Baytex Energy from C$5.25 to C$5.50 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Finally, Royal Bank Of Canada lowered shares of Baytex Energy from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$5.54.

About Baytex Energy

Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.