Tiffany Thom Cepak Sells 40,000 Shares of Baytex Energy Corp. (TSE:BTE) Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Director Tiffany Thom Cepak sold 40,000 shares of Baytex Energy stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$3.55, for a total transaction of C$142,000.00.

Baytex Energy Stock Down 3.5 %

Shares of BTE stock opened at C$4.68 on Wednesday. The company has a debt-to-equity ratio of 63.80, a quick ratio of 0.77 and a current ratio of 0.79. The firm’s 50-day moving average is C$4.37 and its 200-day moving average is C$4.92. The stock has a market cap of C$3.85 billion, a price-to-earnings ratio of -14.18, a PEG ratio of 0.12 and a beta of 2.80. Baytex Energy Corp. has a 52-week low of C$3.83 and a 52-week high of C$6.37.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its earnings results on Wednesday, February 28th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.12. The company had revenue of C$1.07 billion for the quarter. Baytex Energy had a negative net margin of 8.60% and a negative return on equity of 6.81%. Sell-side analysts predict that Baytex Energy Corp. will post 0.6898638 EPS for the current year.

Baytex Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be issued a $0.023 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.97%. Baytex Energy’s payout ratio is -27.27%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Canaccord Genuity Group reduced their price target on shares of Baytex Energy from C$8.00 to C$7.75 and set a “buy” rating on the stock in a research report on Thursday, December 7th. Raymond James cut their price objective on shares of Baytex Energy from C$6.75 to C$5.00 and set a “market perform” rating on the stock in a research report on Friday, January 19th. CIBC cut their price objective on shares of Baytex Energy from C$8.00 to C$6.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. Royal Bank of Canada cut their price objective on shares of Baytex Energy from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Finally, TD Securities cut their price objective on shares of Baytex Energy from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.65.

Baytex Energy Company Profile

Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas.