Baytex Energy Corp. (TSE:BTE) Senior Officer Nicole Marie Frechette Buys 8,200 Shares

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Senior Officer Nicole Marie Frechette acquired 8,200 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were purchased at an average price of C$3.67 per share, with a total value of C$30,094.00.

Nicole Marie Frechette also recently made the following trade(s):

• On Wednesday, September 11th, Nicole Marie Frechette acquired 4,950 shares of Baytex Energy stock. The shares were purchased at an average price of C$4.05 per share, with a total value of C$20,022.75.

Baytex Energy Stock Down 1.7 %

BTE stock opened at C$3.56 on Wednesday. The stock’s fifty day simple moving average is C$4.08 and its two-hundred day simple moving average is C$4.48. The company has a current ratio of 0.72, a quick ratio of 0.77 and a debt-to-equity ratio of 62.33. Baytex Energy Corp. has a 1-year low of C$3.56 and a 1-year high of C$5.55. The stock has a market cap of C$2.87 billion, a P/E ratio of -5.16, a P/E/G ratio of 0.12 and a beta of 2.61.

Baytex Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, January 2nd will be given a $0.023 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.09 annualized dividend and a yield of 2.58%. Baytex Energy’s dividend payout ratio is currently -13.04%.

Analyst Ratings Changes

BTE has been the subject of several recent research reports. National Bankshares decreased their price objective on Baytex Energy from C$8.00 to C$7.50 in a report on Friday, September 27th. Royal Bank of Canada decreased their price target on Baytex Energy from C$6.50 to C$5.50 in a report on Tuesday, September 17th. Canaccord Genuity Group decreased their price target on Baytex Energy from C$6.50 to C$6.00 in a report on Tuesday, October 22nd. Raymond James upgraded Baytex Energy to a “hold” rating in a report on Thursday, October 17th. Finally, TD Securities decreased their price target on Baytex Energy from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$5.97.

About Baytex Energy

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.